JERA Nex BP has increased its holding in two Belgian offshore wind farms after buying out Sumitomo Corporation’s stakes in the projects.
The joint venture between energy major BP and Japan’s largest utility JERA has taken full ownership of the 219MW Northwester 2 wind farm by acquiring Sumitomo’s 30% interest.
The JV also bought Sumitomo’s 39.02% stake in the 165MW Nobelwind project, taking its share in that asset to 80.1%. The financial details were left undisclosed.
JERA Nex BP said both projects are run from its operations hub in Ostend, Belgium, where it handles development, construction, and operations for the two wind farms.
“This transaction strengthens our position in an attractive portfolio of assets that we operate and know very well. Belgium has been central to our offshore wind journey for more than a decade, and we remain committed to safely and reliably delivering renewable energy through these projects for years to come,” said Zlati Christov, chief investment officer at JERA Nex BP.
Northwester 2 entered service in 2020, while Nobelwind came online in 2017 as the second phase of the Belwind offshore wind farm.
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