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Dutch utility Eneco has bought a 30% stake in Ecowende, a JV between Eneco and Shell, to Japanese agency Chubu Electrical Energy.
At the moment, Eneco holds 40% of the shares in Ecowende. Following the sale, Chubu will maintain a 30% stake, Eneco will maintain on to a ten% stake whereas Shell’s 60% stake will stay untouched.
Chubu has been a shareholder of Eneco since 2020 and at the moment has a 20% stake. The opposite shares in Eneco are held by the Mitsubishi Company. The funding in Ecowende marks Chubu’s first direct funding in an offshore wind farm.
The transaction for the stake sale is anticipated to be accomplished within the second quarter of 2024, as soon as all the mandatory approvals have been obtained from the related events.
Ecowende is creating an offshore wind farm on the Hollandse Kust West lot VI which is situated some 53 kilometres off the Dutch coast, close to Ijmuiden. The wind farm has a deliberate capability of round 760 MW and will probably be totally operational and commissioned in 2026.
“[The] divestment proceeds will allow us to make new investments in renewable power belongings as a part of our One Planet Plan, with the objective of changing into a climate-neutral power firm in 2035,” stated As Tempelman, CEO of Eneco.
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