TEPCO Renewable Power has signed a contract with the shareholders of Flotation Energy (headquartered in Edinburgh, Scotland, UK) to purchase 100% of its issued shares.
Flotation Energy is an offshore wind developer, established by current Chief Executive, Lord Nicol Stephen and Chief Technical Officer (CTO) Allan MacAskill in 2018. They developed the floating offshore wind farm at Kincardine and Flotation Energy has interests in Morecambe in the Irish Sea (bottom-fixed, 480MW) and White Cross in the Celtic Sea (floating offshore, 100 MW). In addition, they are developing 13 separate projects totaling more than 12,000MW of wind farm capacity across the UK, Ireland, Taiwan, Japan and Australia. Together the companies will be involved in the early stages of development of a global pipeline, in order to actively develop offshore wind power projects in Japan and overseas.