Wind Energy – Shares Parkwind
On 22 March 2023, JERA from Japan signed an agreement with Virya Energy to acquire 100% of the shares of Parkwind, Virya Energy’s offshore wind energy platform.
Closing of the transaction is expected later this year and is subject to customary conditions relating to approval by the relevant competition and other regulatory authorities.
JERA has paid an equity value of close to €1.55 billion.
In addition, JERA and Virya will explore the possibility for Virya to re-invest in a minority stake in Parkwind’s Belgian wind farms and discuss collaboration on future opportunities within Belgium.
This transaction represents an important milestone for the development of the Company. Following completion of the transaction, JERA is committed to fund the long-term growth of Parkwind and to support its domestic and international expansion plan.
JERA will bring highly complementary capabilities and financial support to help the Company blossom, in a world where offshore wind will continue to play an instrumental role in facilitating the global energy decarbonisation.
Closing of the transaction is expected later this year and is subject to the suspensive condition of approval by the competition authorities and other regulatory authorities.