Energy Central Professional

 

Inpex to buy stakes in 2 offshore wind farms in the Netherlands


SeeNews Renewables  

 

    December 7 (Renewables Now) - Japanese oil and natural gas producer Inpex Corp (TYO:1605) said today it has agreed to acquire stakes in two wind farms offshore the Netherlands from a subsidiary of fellow Japanese company Mitsubishi Corp (TYO:8058).

    Inpex will buy a 50% stake in the 129-MW Luchterduinen offshore wind farm and a 15% stake in the 731.5-MW Borssele III & IV offshore wind park.

    The deal is between Inpex Renewable Energy Europe Ltd, newly set up in the UK, and Diamond Generating Europe BV, a wholly owned second generation subsidiary of Mitsubishi. It will need approvals by Dutch authorities and others.

    The Luchterduinen array, consisting of 43 turbines of 3 MW, has been in operation since September 2015. The other 50% in the plant is owned by Dutch utility Eneco.

    Borssele III & IV went online in January 2021 with 77 turbines of 9.5 MW. Besides Mitsubishi’s subsidiary, the complex is owned by Swiss investment manager Partners Group with a 45% holding, Royal Dutch Shell Plc with 20%, and Eneco and Van Oord each with 10%.

    Inpex aims to beef up its renewable energy initiatives in line with its business development strategy to support a shift towards a net zero carbon society by 2050. The company says it can apply its experience to accelerate its geothermal power generation business and its offshore wind power generation business.

TOP


Copyright © 1996-2022 by CyberTech, Inc. All rights reserved.
Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.