innogy SE has signed an agreement to sell 41% of its Triton Knoll Offshore Wind Farm, which is based off the coast of Lincolnshire, to J-Power (25%) and Kansai Electric Power (16%). innogy will retain the majority equity stake (59%).
Triton Knoll is an offshore wind project with a planned installed capacity of 860 megawatts (MW). Once fully operational, Triton Knoll Offshore Wind Farm will supply the equivalent of 800,000 UK households per year with renewable electricity.
The planned investment for the site is approximately £2 billion.
Hans Bünting, Chief Operating Officer Renewables of innogy SE, said: “As we continue to grow our offshore portfolio across the globe, the securing of valued, strategic partnerships is a key objective within our strategy.
“The signed agreement highlights the attractiveness of our offshore development projects. With J-Power and Kansai Electric Power we have found experienced and reliable partners and we are delighted to be working with them to successfully realise the Triton Knoll Offshore Wind Farm together.”
Makoto Honda, Director and Executive Managing Officer, J-Power, says: “We are very pleased to become a partner in innogy’s Triton Knoll Offshore Wind Farm project. As the leading provider of wind power in Japan, we are very proud of entering into this overseas offshore wind power project which is a first for a Japanese electric power utility. We are actively continuing to develop new wind power projects both in the domestic market and in the overseas market.”
Hiroshi Nakajima, Managing Executive Officer, International Business and Cooperation Division, Kansai Electric Power Company, said: “We are very pleased to become a partner of innogy’s Triton Knoll Offshore Wind Farm project. This is the first case of Japanese electric power utility which has entered into the overseas offshore wind power project. In Europe, since it is predicted that renewable energy will be drastically developed, we are very proud to achieving a new important milestone in the excellent relationship with innogy and J-Power.”
At the heart of the project, Triton Knoll expects to install 90 of MHI Vestas’ V164-9.5 MW turbines. innogy is to manage the construction as well as operation and maintenance works on behalf of the project partners.
Enabling works are now underway at the site of the project’s onshore electrical system, which includes a 57 km underground cable route, landfall infrastructure and construction of a new onshore substation at Bicker Fen, in Lincolnshire.
Full construction of the onshore electrical system is on schedule to begin shortly, while offshore construction is expected to start in late 2019. According to current planning, commissioning of Triton Knoll is expected to start in 2021.