Tuesday, 14 August 2018

JAPANESE COMPANIES TAKE STAKE IN GIANT OFFSHORE WINDFARM PROJECT




TWO Japanese energy companies have taken a stake - jointly worth almost £1-billion - in the Triton Knoll windfarm project off the Lincolnshire Coast.

German renewables company  Innogy this week announced plans to sell 41 per cent to Electric Power Development, better known as J-Power, (25 per cent) and Kansai Electric Power (16 per cent).

Both Japanese companies are keen to expand beyond their domestic markets.

Innogy will retain the majority stake (59 per cent).

Construction on the windfarm is set to start at the end of next year.

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