Innogy SE already operates a number of wind farms off the coast of the UK.
The Electric Power Development Co., Ltd., better known as J-Power, and Kansai Electric Power Co., Inc. have bought a combined 41% stake—25% and 16%, respectively—in the Triton Knoll project from German renewables firm Innogy SE.
The investment in the plant, off the coast of Lincolnshire, marks the first time Japanese energy firms have made a major move to enter the UK’s wind power market, according to the report.