INPEX to acquire shares of offshore wind power generation company in the Netherlands
Inpex Renewable Energy Europe has entered into a stock transfer agreement with Diamond Generation Europe, a Dutch registered subsidiary of Mitsubishi Corporation for the deal.
INPEX CORPORATION (“INPEX”) has agreed to enter a stock transfer agreement with Diamond Generating Europe B.V., a Dutch registered, wholly owned second generation subsidiary of Mitsubishi Corporation, and acquire a 50% stake in the Luchterduinen offshore wind farm and a 15% stake in the Borssele III/IV offshore wind farm operating off the coast of the Netherlands.
This agreement was made through INPEX Renewable Energy Europe Limited (“INPEX enewable”), newly established in the United Kingdom with the aim of promoting INPEX’s renewable energy business in Europe. The completion of the agreement is subject to the fulfillment of conditions precedent determined by the stock transfer agreement including approvals by Dutch authorities and others.
The Luchterduinen offshore wind farm is located 23 kilometers offshore Noordwijk and has been in commercial operation since September 2015 with an output scale of 129 megawatts produced by 43 3-megawatt units.
The Borssele III/IV offshore wind farm is located 22 kilometers off the coast of Westkapelle and has been in commercial operation since January 2021 with an output scale of 731.5 megawatts produced by 77 9.5-megawatt units.
