• 2014 March 31 18:34

  Marubeni acquires interest in offshore wind generation project in UK

  

  Marubeni Corporation has entered into an agreement to acquire, along with the UK Green Investment Bank (“GIB”), a 50% interest from DONG Energy of the Westermost Rough Offshore Wind Power Project, the company said in its press release.

  WMR is under construction off the east Yo rkshire coast of the UK and is due to reach commercial operation in early 2015.

  Marubeni promotes various renewable energy business es supporting the global n eed for low - carbon power sources. In the wind power generation field, Marubeni is involved in a wide range of activities including project development, research and development, investment in onshore/offshore wind power generation projects , energy trading and transmission infrastructure . The WMR project is Marubeni’s second equity investment in an offshore wind project following its participat ion in Gunflee t Sands offshore wind asset in 2011, working with DONG Energy .

  Along with the participation in the above, Marubeni has been making a strategic move to expand its presence in the offshore wind power industry in terms of the developm ent, construction and operation through its acquisition in 2012 of Seajacks International Ltd, a leading owner and operator of jack - up vessels for the installation / maintenance of offshore wind turbines and foundation , as well as investing in Mainstream R enewable Power Ltd, a leading Irish independent developer of offshore / onshore wind and solar power projects .

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