Japan’s JERA will buy Belgium’s largest offshore wind company for $1.7 billion – #Japans #JERA #buy #Belgiums #largest #offshore #wind #company #billion
TOKYO, March 22 (Reuters) – Japan’s JERA, the country’s top utility, has acquired Belgium-based offshore wind producer Parkwind for 1.55% as JERA expands renewable energy to meet its decarbonisation goals. billion to the euro (1.7 billion dollars) agreed to buy.
JERA, a joint venture between Tokyo Electric Power Company Holdings ( 9501.T ) and Chubu Electric ( 9502.T ), adds Parkwind’s four offshore wind farms in Belgium to JERA’s offshore wind investments located in Taiwan and the United Kingdom.
Virya Energy, which has agreed to sell Parkwind to JERA, will explore the possibility of acquiring a minority stake in Parkwind’s Belgian wind farms, JERA said in a statement on Wednesday. The deal will close later this year and is pending approval.
Parkwind currently operates 201 turbines off the coast of Belgium with a capacity of 771 megawatts capable of supplying 800,000 households, and another 1.1 gigawatts are under development worldwide, including in Germany and Ireland.
JERA told Reuters this month that it had decided to sell its 44% stake in the Formosa 3 project off Taiwan’s central-west coast, retaining its exposure to the Formosa 1 and 2 projects, and that the buyer has yet to be named.
($1 = 0.9290 euros)
Reporting by Katya Golubkova Editing by Louise Heavens
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2023-03-22 13:26:47
Source – reuters
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