Japanese companies will participate in "Triton Knoll Offshore Wind Power Generation Project" (total output: about 860MW), which will be carried out in the North Sea region in the east of the UK.
Electric Power Development Co Ltd (J-Power) and The Kansai Electric Power Co Inc (KEPCO) concluded a contract to purchase 25% and 16%, respectively, of the shares of Triton Knoll HoldCo Ltd (the holding company of the power plant). The two companies respectively made the announcement Aug 13, 2018.
When the project cost per 1MW is about ¥400 million (approx US$3.6 million) and the equity ratio is about half of that, the total investment made by J-Power and KEPCO is nearly ¥100 billion.
For the wind power plant, 90 units of a wind power generation system (rated output: 9.5MW) are scheduled to be installed. MHI Vestas, a fifty-fifty joint venture between Mitsubishi Heavy Industries Ltd and Denmark-based Vestas Wind Systems A/S, will supply power generation facilities.
The project was certified as a project of the CfD (Contract for Difference), the UK investment incentive system for low-carbon power sources, and a fixed price based on the margin settlement method is guaranteed for 15 years after the start of operation, which is scheduled in 2021.
This time, J-Power and KEPCO will receive the shares from Innogy Renewables UK Ltd, a wholly-owned subsidiary of Germany-based Innogy SE, which currently owns 100% of the shares of Triton Knoll HoldCo. Innogy has the third largest share of the global market for offshore wind power generation.