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    Home > Chemicals Industry > International Chemical > Germany's Innogy sells stakes in offshore wind farms to two Japanese power companies

    Germany's Innogy sells stakes in offshore wind farms to two Japanese power companies

    • Last Update: 2022-12-28
    • Source: Internet
    • Author: User
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    German energy group Innogy will sell a 41% stake
    in its £2 billion Triton Knoll offshore wind farm to Japan Power Development Corporation and Kansai Electric Power Company.

    Germany's Innogy sells stakes in offshore wind farms to two Japanese power companies

    The move helped Innogy fund
    the project.
    Triton Knoll will be one of the largest offshore wind farms in Europe and give Japanese companies a foothold in regulated energy infrastructure assets on the continent
    .

    Japan Power Development Corporation, which operates under the name J-Power, will hold a 25 percent stake in the wind farm, while Kansai Electric Power will receive a 16 percent stake
    .
    Innogy will continue to be the majority shareholder of the 860 MW project, accounting for 59% of the remaining shares
    .

    "As we continue to grow our offshore portfolio globally, securing valuable strategic partnerships is a key objective
    of our strategy.
    " Hans Buenting, a member of Innogy's board of directors, said, "The signed agreement highlights the attractiveness
    of our offshore development projects.

    Innogy said J-Power will participate in the deal
    through its subsidiary, JP Renewable Europe Company.
    J-Power will raise part of the capital
    by issuing preferred shares to the Japan Development Bank.

    Innogy said it expects debt financing for the Triton Knoll project to close in
    the third quarter of 2018.
    The offshore wind farm will be located 32km off the coast of Lincolnshire, enough to power
    800,000 UK homes.

    German energy group Innogy will sell a 41% stake
    in its £2 billion Triton Knoll offshore wind farm to Japan Power Development Corporation and Kansai Electric Power Company.

    Offshore wind farms

    Germany's Innogy sells stakes in offshore wind farms to two Japanese power companies

    Germany's Innogy sells stakes in offshore wind farms to two Japanese power companies

    The move helped Innogy fund
    the project.
    Triton Knoll will be one of the largest offshore wind farms in Europe and give Japanese companies a foothold in regulated energy infrastructure assets on the continent
    .

    Japan Power Development Corporation, which operates under the name J-Power, will hold a 25 percent stake in the wind farm, while Kansai Electric Power will receive a 16 percent stake
    .
    Innogy will continue to be the majority shareholder of the 860 MW project, accounting for 59% of the remaining shares
    .

    "As we continue to grow our offshore portfolio globally, securing valuable strategic partnerships is a key objective
    of our strategy.
    " Hans Buenting, a member of Innogy's board of directors, said, "The signed agreement highlights the attractiveness
    of our offshore development projects.

    Innogy said J-Power will participate in the deal
    through its subsidiary, JP Renewable Europe Company.
    J-Power will raise part of the capital
    by issuing preferred shares to the Japan Development Bank.

    Innogy said it expects debt financing for the Triton Knoll project to close in
    the third quarter of 2018.
    The offshore wind farm will be located 32km off the coast of Lincolnshire, enough to power
    800,000 UK homes.

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