Aker, Mainstream complete acquisition of 800 MW Japanese wind project
Date
March 18, 2022
Type
M&A Transactions
Subtype
Transaction completed
Countries
Japan
Subsectors
Offshore Wind
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Aker Offshore Wind and Mainstream Renewable Power have closed the transaction which will see them take an initial 50 percent ownership stake in Progression Energy’s 800 MW floating offshore wind project in Japan.
The project is a well-formed early-stage development opportunity, and the site has been identified as ideal for floating wind.
The financial information of the transaction was not disclosed.
