SEOUL -- Aquila Capital, an investment management company based in Germany, set up a joint venture with Topinfra, a renewable project development and construction company in South Korea, for their joint participation in renewable energy projects such as solar power, wind power, and battery energy storage systems.
Topinfra CEO Jung Hyun-cheol said that the joint venture named Aquila Development Partners would provide an opportunity for Topinfra to grow by learning about Aquila's advanced investment and engineering capabilities. The German company focuses on sustainable investments, including renewable energy and green logistics, as well as real estate.
Based on its partnership with Topinfra, Aquila aims to find new businesses opportunities in South Korea and own renewable energy power generation facilities. Discussion is underway on the joint development of solar power and wind power business portfolios pushed by Topinfra in South Korea.
Alexander Lenz in charge of Aquila's Asia-Pacific business said that his company would seek the joint development of additional assets in South Korea, citing its fast growth in renewable energy power that would require significant investments.
© Aju Business Daily & www.ajunews.com Copyright: All materials on this site may not be reproduced, distributed, transmitted, displayed, published or broadcast without the authorization from the Aju News Corporation.