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Infroneer, a subsidiary of Maeda Corporation, is set to acquire Japan Wind Development from Bain for an estimated $1.5 billion.

By acquiring Japan Wind Development, Infroneer will strategically position itself in the Japanese offshore wind market, gaining access to the company’s project portfolio in the country. The portfolio is estimated to be around 6,510 MW in total. However, the projects are still in the early stages of development.

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