Japanese oil and natural gas producer Inpex Corp (TYO:1605) on Thursday said it has acquired a 16.7% stake in the 950-MW Moray East offshore wind farm in the UK.
The stake was acquired by Inpex Renewable Energy Europe Ltd via a deal with Diamond Generating Europe Ltd, a UK-registered subsidiary of Mitsubishi Corp (TYO:8058).
Located off the northeastern coast of Scotland, the wind farm has been in operation since April 2022. The project is owned by Ocean Winds, a joint venture between EDP Renovaveis SA (ELI:EDPR) and Engie SA (EPA:ENGI), with a 56.6 % stake, China Three Gorges Corp with 10% and Diamond Green Ltd with 33.4%.
In 2022, Inpex Renewable also acquired holdings in two Dutch offshore wind farms — a 50% stake in Luchterduinen and a 15% stake in Borssele III/IV — from Diamond Generating Europe BV, a Dutch-registered subsidiary of Mitsubishi Corp.
Inpex says it will accelerate its offshore wind activities, leveraging its experience in the construction and operation of offshore floating facilities.
Choose your newsletter by Renewables Now. Join for free!
