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Japan’s Obayashi Corporation to take 50 percent stake in Eastland Generation

3 min read

Eastland Group has announced the sale of a 50 percent stake in Eastland Generation, its renewable energy generation business, to Japanese construction and engineering firm Obayashi Corporation.

The sale is conditional on Overseas Investment Office approval and follows a competitive process to find a suitable partner to provide capital to fund a pipeline of renewable generation projects in New Zea...


3 comments

commenter avatar
Peter Jones
2
14 November 2023
I guess that if you can make a pie in the sky and then on-sell it to Obayashi Corporation’s Green Energy Division that is good business because you are speculating on renewable green energy rather than committing yourself.
Renewable energy is very popular at the moment, so why not?
That way you don't need to care about the final outcome so much.
Especially when you know in your heart what the final outcome is going to be.

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