Japanese utilities take 41% stake in Innogy’s Triton Knoll wind farm


J-Power and Kansai Electric Power will take a 41% equity stake in Innogy’s Triton Knoll wind farm, being built around 20 miles of the Lincolnshire coast.

The 860MW wind farm is expected to commission in 2021 and cost £2bn. Onshore work has already started, with offshore construction due to start next year. The project has a contract for difference (CfD) subsidy, guaranteeing £74.75/MWh.

J-Power will take a 25% stake, Kansai Electric Power 16%, subject to Innogy board approval and financial close with debt funding of the Triton Knoll project, expected within the next six weeks.

See the announcement here.

Related stories:

Offshore wind: government confirms CfD timetable

SSE shareholders give green light for Npower deal

Scottish Power chief: You’re bonkers if you think we will build offshore wind ‘subsidy-free’

Aurora: Zero subsidy CfDs could deliver 30GW of offshore wind

3GW of offshore wind awarded support as costs fall

Click here to see if you qualify for a free subscription to the print magazine, or to renew.

Follow us at @EnergystMedia. For regular bulletins, sign up for the free newsletter.


Please enter your comment!
Please enter your name here