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INPEX to acquire shares in Dutch wind farms

By: Tom Russell 07/12/2021 INPEX CORPORATION

General Windfarms

INPEX CORPORATION (INPEX) announced it has agreed to enter a stock transfer agreement with Diamond Generating Europe B.V. (DGE-NL), a Dutch registered, wholly owned second generation subsidiary of Mitsubishi Corporation. The agreement covers the acquisition of a 50% stake in the Luchterduinen offshore wind farm and a 15% stake in the Borssele 3&4 offshore wind farm operating off the coast of the Netherlands.

This agreement was made through INPEX Renewable Energy Europe Limited (“INPEX Renewable”), 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 fulfilment of conditions precedent determined by the stock transfer agreement including approvals by Dutch authorities and others.

The 129 MW Luchterduinen offshore wind farm is located 23km west of IJmuiden in the Dutch sector of the North Sea. It features 43 Vestas V112-3.0 MW offshore wind turbines. After being collected by the projects offshore substation, electricity is transmitted ashore via a 150 kV export cable of 25 kilometres in length. It has been in commercial operation since September 2015.

The Borssele 3&4 offshore wind farm is located 22 kilometers off the coast of Westkapelle and has been in commercial operation since January 2021. It features a total of 77 V164-9.5 Vestas turbines.

For more information on offshore wind farms worldwide, click here.

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INPEX to acquire shares in Dutch wind farms

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