innogy Divests 41% Stake in Triton Knoll Offshore Wind Farm

innogy will divest a 41% stake to J-Power (25%) and to Kansai Electric Power (16%) / innogy will retain a 59% equity interest in the Triton Knoll project / Financial and equity close anticipated in the third quarter of 2018 / Commissioning of offshore wind farm expected to start in 2021

As an integral part of the company’s strategy to pursue a partnership-based approach to realiselarge-scale offshore wind farms, innogy SE, through its subsidiary Innogy Renewables UK Ltd.,has signed an agreement under which the company will sell 41% of its Triton Knoll Offshore Wind Farmto Electric Power Development Co., Ltd. (operating under the name J-Power; 25%), through its subsidiaryJP Renewable Europe Company (JPREC), and to Kansai Electric Power Co., Inc. (16%), through its... ... More: Official Press Release innogy

Keywords:

innogy, offshore, wind farm, Triton Knoll, wind farm, share, divestment