Inpex Corp, a Japanese oil and natural gas producer, said it has agreed to acquire stakes in two wind farms offshore the Netherlands from a subsidiary of fellow Japanese company Mitsubishi Corp.
Inpex will be buying 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 all set to be inked between Inpex Renewable Energy Europe Ltd, newly set up in the UK, and Diamond Generating Europe BV, a fully owned second-generation subsidiary of Mitsubishi. It will, however, need approvals by Dutch officials and others.
The Luchterduinen array, consisting of 43 turbines of 3 MW, has been in operation since September 2015. Dutch utility Eneco owns the other 50% of the plant.
In January 2021 Borssele III & IV went online with 77 turbines of 9.5 MW. Apart from Mitsubishi’s subsidiary, the complex is also 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%.
The goal of Inpex is to beef up its renewable energy ambitions with its business development approach to promote a shift towards a net-zero carbon society by 2050. The company states that it can apply its expertise to expedite its geothermal power production market alongside its offshore wind power generation business.
