Jera acquires Belgium's largest offshore wind energy platform: Japan’s largest power generation company, Jera, has fully acquired Belgian renewables company Virya Energy’s wind energy platform Parkwind for EUR 1.55 bn, according to a company statement. The transaction will see Jera add 771 MW of clean energy to its portfolio from Parkwind’s Belgium-based plants, 257 MW from the Arcardis Ost offshore farm in Germany, and 4.5 GW of renewable energy from Parkwind’s pipeline of global projects, the statement notes. The transaction is expected to close later in 2023, with both sides exploring the possibility of Virya re-investing in a minority stake of Parkwind’s Belgian wind energy assets, and potential co-development opportunities in the country.

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-

  • Italian oil giant Eni is investing EUR 5 bn by 2030 to add 4 GW to its renewable energy capacity, and have 40% of the company’s power mix generated from green fuels. Solar plants will account for half of the 4 GW, while wind and green hydrogen will account for 1 GW each. Eni currently has a renewable capacity of 2 GW. (Reuters)
  • Japan’s third largest oil producer Cosmo Energy Group will channel USD 1.1 bn to green energy investments by 2026. (Reuters)
  • The US is allocating USD 200 mn to boost the country’s hydroelectric power and ocean energy generation capacity. (Statement)
  • Transmission infrastructure for transporting green hydrogen between western Denmark and northern Germany will be ready by 2028, according to an agreement signed between the two countries on Friday. (Reuters)
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