Acquisition
JERA Nex bp has completed the acquisition of Sumitomo Corporation’s stakes in the Nobelwind and Northwester 2 offshore wind farms.
The transaction increases JERA Nex bp’s ownership of Northwester 2 to 100%, with the acquisition of Sumitomo’s 30% stake.
The acquisition of Sumitomo’s 39.02% holding in Nobelwind takes JERA Nex bp’s total ownership stake to 80.1%.
JERA Nex bp developed, constructed, and operates both offshore wind farms from its operations hub in Ostend, Belgium.
The transaction reflects JERA Nex bp’s strategy to build a resilient offshore wind business focused on competitive assets in attractive markets where the company can create value as a long-term owner and operator.
Northwester 2, commissioned in 2020, has a total installed capacity of 219MW.
Nobelwind, commissioned in 2017 as a second phase of the company’s Belwind offshore wind farm, has a total installed capacity of 165MW.
