Innogy has signed an agreement with Electric Power Development Co., Ltd. (known as J-Power) and Kansai Electric Power for the offloading of 25% and 16% stakes, respectively, in the 860 MW Triton Knoll offshore wind project. The project concerns the installation of 90 MHI Vestas V164-9.5 MW turbines off the coast of Lincolnshire, in the North Sea, UK.
The agreement with J-Power is signed with its unit JP Renewable Europe Company (JPREC). JPREC will procure a part of its investment funds by issuing preferred equity to Development Bank of Japan Inc. The deal with Kansai Electric Power Co., Inc., on the other hand, was signed through its unit KPIC Netherlands B.V.
The closing of the transaction is subject to the approval of the Supervisory Board of Innogy SE and financial close of the debt funding of the Triton Knoll project, which is expected in the third quarter of 2018.
NextEnergy Solar Fund has completed the acquisition of 282 solar photovoltaic (PV) plants with a combined capacity of 1.15 MW in UK. The transaction represents the second acquisition of a...
Read moreMutual Energy has secured GBP200 million (US$260.0 million) financing from Legal & General to cover construction costs of the Gas to the West project. This involves the delivery of an 80...
Read moreForesight Solar Fund has completed the acquisition of the entire interest in a portfolio of 15 operational solar assets in the UK with a total installed capacity of 114 MW for a consideration of...
Read moreThrough its subsidiary, ERG has finalised the acquisition of the 100% equity interest in the 79 MW Creag Riabhach Wind Farm located in Scotland. Construction works of the wind farm ar...
Read moreØrsted and Prysmian Group have signed a contract to supply submarine inter–array cables the 1,386MW Hornsea Project Two. In total, over 300km of 66kV inter-array cables will be suppl...
Read more