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Daiwa's small piece of the pie?

By: Chris Anderson 14/03/2023 Chris Anderson

General Windfarms

DEI acquires stake in Hornsea One offshore windfarm
Daiwa Energy & Infrastructure, a strategic investment arm of Daiwa Securities Group Inc., announces its acquisition of a minority stake in Hornsea One, the world's largest operating offshore wind project. This acquisition is constructed based on their partnership with Equitix, formed after their first co-investment in Electricity North West Limited in 2019. This transaction does not fall under the timely disclosure standards set by the Financial Instruments Exchange for Daiwa Securities Group Inc.

Hornsea One is one of Ørsted's Hornsea offshore wind project series located off the North-East coast of England. The project installs 174 turbines in a vast area of approximately 407 square kilometers with a generation capacity of 1.2GW. Daiwa Energy & Infrastructure expects sustainable cash-flows for the long-term based on the proven operational track record backed by Ørsted, one of the largest offshore wind operators in the world.

This is their first investment in an offshore wind project and considered by them as a significant milestone to accelerate the exploration in the market and contribute to achieving a sustainable capital cycle with the core concept of "From Savings to SDGs (Sustainable Development Goals)", which Daiwa Securities Group raises as the management vision for 2030. Daiwa

Securities Group established the SDGs Promotion Committee in 2018, incorporating the perspective of SDGs into the foundation of our management strategy, and has endeavored to provide products and services contributing to the realization of a sustainable society.

The SDGs they aim to achieve through the initiative in this press release:

Goal 7："Affordable and Clean Energy"
We will promote implementation of renewable energy sources through the investment to ensure access to affordable, reliable, sustainable and modern energy for all.

Goal 13："Climate Action"
We will contribute to combatting climate change and its impact through the investment.

Daiwa have invested in a number of global energy projects.

Scotland:a co investment with Capital Dynamics and others, we have acquired an onshore wind farm in Scotland from a German developer. The power plant has a generating capacity of approximately 50 MW and is at a stage where construction can begin, and plans are underway to proceed with development and construction with a view to starting operations in 2025.

Co investment with Solariant to develop solar power generation projects by investing in 100MW scale projects in the early stages of development, mainly located in the southwest and southeast of the United States.

SDGs (Sustainable Development Goals)

17 goals common to all humankind that were created by United Nations member states, various organizations, and people, and were adopted by the United Nations in 2015. Each country pledged to actively work towards achieving this goal. The Daiwa Securities Group regards the SDGs as important goals that will lead the world, and will approach social issues as an important common language in developing business in Japan and overseas.

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Daiwa's small piece of the pie?

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