innogy Renewables UK has signed an agreement under which the company will sell 41% of its Triton Knoll Offshore Wind Farm to Electric Power Development (operating under the name J-Power; 25%), and to Kansai Electric Power (16%). innogy will retain the majority equity stake (59%).
Triton Knoll is an offshore wind project with a planned installed capacity of 860MW.Closing of the transaction is subject to the approval of the Supervisory Board of innogy SE and financial close with the debt funding of the Triton Knoll project, which is expected in the third quarter of 2018. The planned investment volume amounts to approximately GBP 2 billion. The project is located 32 kilometres off the coast of Lincolnshire in the east of England. Triton Knoll expects to install 90 of MHI Vestas’ V164-9.5 MW turbines. innogy will manage the construction as well as operation and maintenance works on behalf of the project partners.