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Japanese Energy Firms Pour Nearly £1bn Into Uk Offshore Wind

by telegraph.co.uk posted 9months ago 58 views
A pair of major Japanese energy firms will help finance a giant offshore wind farm after agreeing to pay almost £1bn for a major stake in Innogy’s Triton Knoll project. The German renewables firm behind the £2bn wind farm off the coast of Lincolnshire said it would sell 41pc of the project to Japan’s Electric Power Development, known as J-Power, and Kansai Electric Power. The pair will take 25pc and 16pc of the project respectively in the first major move by Japanese energy companies into the UK’s booming wind power market.