Electric Power Development Co., Ltd. will participate in an overseas offshore wind power project from the construction phase. Upon commencement of its participation in the project, J-POWER will acquire 25% of the shares in Triton Knoll HoldCo Ltd., a UK holding company established for the offshore wind power business, all of the shares of which are currently owned by Innogy Renewables UK Ltd, a wholly owned subsidiary of innogy SE, a German company engaged in the renewable energy and electric power distribution businesses. Prior to its engagement in this project, J-POWER established an investment firm, JP Renewable Europe Company Limited (100% owned), in the United Kingdom with the aim of acquiring equity interests in the Holding Company. 

The Holding Company will be engaged in the construction, operation and maintenance of the Triton Knoll offshore wind power farm (planned turbine capacity: 9.5 MW, planned number of turbines: 90 units, planned total project capacity: 860 MW) located in the North Sea region in the east of England, through Triton Knoll Offshore Wind Farm Limited, a fully-owned subsidiary of the Holding Company. The wind power farm is scheduled to commence operation 2021.

With 90% or more of global offshore wind capacity located in Europe, the North Sea region in U.K. is particularly known as the most advanced location in the wind power business with the advantage of optimum wind conditions for wind power generation. J-POWER, in recent years, has been actively engaged in the promotion of renewable energy development. The company has contributed to the development, construction and operational maintenance of onshore wind power farms all over Japan. For offshore wind power business, J-POWER is currently working on feasibility studies for the first commercial scale offshore wind power project in Japan at Hibikinada area in Kitakyushu City, Fukuoka Prefecture in cooperation with other consortium companies. J-POWER believes that its participation in the Project will provide the company with valuable expertise in the construction, operation and maintenance of offshore wind power farms. Taking advantage of this benefit, J-POWER will accelerate its commitment to promoting its renewable energy business across the world, including Japan.