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.