Japan s top utility JERA has agreed to buy Parkwind, Belgium's largest offshore wind platform for €1.55 billion $1.7 billion as it expands in renewable power to meet decarbonization goals.
The deal will add Parkwind's four offshore wind farms in Belgium and a new wind farm in Germany to its renewable portfolio, according to JERA, a joint venture between Tokyo Electric Power Company Holdings and Chubu Electric Power.
The acquisition will increase JERA's renewable energy assets, which include existing offshore wind investments in Taiwan and the United Kingdom, to 2.8 gigawatts GW from 2.2 GW at the end of 2022.
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