HEXA Renewables has entered a strategic partnership agreement with Marubeni Corporation, one of Japan’s top five trading houses, renowned for its expertise across all spectrums of energy and infrastructure projects. The collaboration focuses on co-developing up to 100 MW of solar PV projects in Japan by the en of 2028 and selling them to HEXA.

The partnership underscores HEXA Renewables’ commitment to delivering sustainable energy solutions and enables the company to draw upon Marubeni’s extensive industry network and technical expertise. This collaboration represents a significant step in strengthening HEXA’s footprint in the Japanese renewable energy sector.

“The Agreement marks an important milestone for both our organizations, and we are excited about the prospects it brings. Marubeni’s deep industry experience, financial strength, and robust network in the Japanese market will be invaluable in ensuring the successful execution and scaling of these solar PV projects.” Shingo Kiyokawa, General Manager of Chemicals Dept. IV of Marubeni Corporation remarked.

Vince Choi, Group Commercial Chief Officer of HEXA Renewables, added, “This partnership with Marubeni marks a key step forward in our dedication to advancing clean energy initiatives and helping to meet Japan’s renewable energy goals. We are eager to collaborate closely and bring these projects to fruition, making a significant and lasting contribution to Japan’s sustainable energy future.”

The signing ceremony took place at Marubeni’s headquarters in Tokyo, Japan. It was attended by representatives from both organisations, including Shingo Kiyokawa, General Manager of Electronics Sec. 1, Isamu Muramatsu and Nobuaki Tamura of Marubeni Corporation and Chenhua Shen, Fund Partner of I Squared Capital, Vince Choi and Alex Li of HEXA Renewables.

About HEXA Renewables

HEXA Renewables is an Asia-based Independent Power Producer (IPP) established by I Squared Capital, one of the world’s largest infrastructure investors. HEXA specialises in developing, constructing, and operating renewable energy projects across Taiwan, Japan, South Korea, Malaysia, the Philippines, and India.

About Marubeni Corporation

Marubeni Corporation is one of Japan’s leading trading houses, engaging in a wide range of business activities, including importing and exporting, third-country trading, and domestic business across industries such as energy, power, infrastructure projects, IT solutions, food, agribusiness, chemicals, metals & mineral resources, aerospace, shipbuilding, finance, leasing, real estate, and industrial machinery. The Marubeni Group also provides various services, invests internally and externally, and develops resources across these industries.

Picture from left to right: Vince Choi, Shingo Kiyokawa, Chenhua Shen, Isamu Muramatsu and Alex Li