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.