SUBSCRIBE
PROFILE

INPEX acquires 16.7% of Moray East offshore wind farm

INPEX Corporation announced that it has acquired a 16.7% stake in the Moray East offshore wind farm in Scotland, underscoring its commitment to the energy transition.

Share:

Subscribe for unlimited access to all energy sector news.

Over 150 multisector articles and analyses every week.

Your 1st year at 99 £*

then 199 £/year

SUBSCRIBE — 99 £ for the 1st year

Create a free account to read this article

*renews at 199£/year, cancel anytime before renewal.

INPEX CORPORATION announced today that it has acquired a 16.7% interest in the Moray East offshore wind farm, currently operating approximately 22 kilometers off the coast of Moray East in Scotland, United Kingdom (UK). This acquisition was made possible thanks to an agreement between INPEX Renewable Energy Europe Limited (INPEX Renewable) and Diamond Generating Europe Limited (DGE), a subsidiary of Mitsubishi Corporation registered in the United Kingdom, to transfer shares in Diamond Generating Europe Investments Limited (DGI) from DGE to INPEX Renewable, which was established in the United Kingdom to promote INPEX’s renewable energy business in Europe.

A production capacity of 950 megawatts

The Moray East offshore wind farm has been in commercial operation since April 2022 with a generating capacity of 950 megawatts produced by one hundred 9.5 megawatt units. INPEX is looking to improve and highlight its renewable energy initiatives, which are one of the 5 net-zero businesses outlined in the company’s “INPEX Vision @2022” announced in February 2022.

INPEX will accelerate its initiatives for its offshore wind power business, leveraging its experience in building and operating floating offshore facilities grown at project sites around the world. In 2022, INPEX Renewable acquired a 50% stake in the Luchterduinen offshore wind farm and a 15% stake in the Borssele III/IV offshore wind farm, which operate off the coast of the Netherlands, from Diamond Generating Europe B.V. (DGE-NL), a subsidiary of Mitsubishi Corporation registered in the Netherlands.

A commitment to a net zero carbon society

INPEX will proactively engage in energy structure reforms towards the realization of a net zero carbon society, while fulfilling its responsibilities for the development and provision of stable energy. The impact of this acquisition on the consolidated financial performance of INPEX is minimal.

  • Popular on energynews.pro
Georgia Power launches targeted upgrades on its aging hydropower fleet
Metacon confirms partial delivery and receives EUR 14.9 million
Soluna crosses one gigawatt milestone with two new data centres in Texas
Canadian Utilities secures AUC approval for Yellowhead gas pipeline project
China: 25 GW of coal approved in H1 2025, commissioning surges
Polenergia commits 323 millions USD to offshore and storage projects
With 323 millions USD in cash, Polenergia strengthens its investments in offshore wind, solar and storage, targeting more than 2.3 GW of new energy capacity in Poland.
Valorem inaugurates 313 MW wind farm in Finland with 1 TWh annual output
French group Valorem has commissioned the ViIatti wind complex in Finland, made up of two farms totalling 313 MW and an estimated annual output of 1 TWh.
Trump Suspends $9.4 Billion Offshore Wind Project in the United States
The Revolution Wind project, already 80% complete, has been halted by the U.S. administration over national security concerns, creating major uncertainty in the sector.
Quebec allocates $1.5M to meet the demand for wind turbine technicians
Quebec funds a mobile training unit to address the shortage of wind turbine maintenance technicians, estimated at 400 positions by 2029.
Washington launches national security probe into imported wind turbines
The United States Department of Commerce is assessing the strategic impact of wind turbine imports amid rising tariffs and supply chain tensions.
RWE adds 34.2 MW of wind power on a former mining site in Aldenhoven
Six turbines installed by RWE on recultivated land near the Inden mine will supply electricity to around 24,000 households, while two new units are already planned.
Buchan Offshore Wind submits permit applications for a 1GW floating wind farm
Buchan Offshore Wind has submitted its marine consent applications to the Scottish authorities for a large-scale floating wind project, marking a strategic step in energy development in northeast Scotland.
VSB recommissions the Elster wind farm with 105.6 MW of installed capacity
The VSB Group has completed the repowering of the Elster wind farm in Germany, replacing 50 turbines with 16 new Siemens Gamesa machines, increasing the total capacity from 30 to 105.6 megawatts.
Montenegro: The EBRD Injects €26 Million to Expand the Gvozd Wind Farm
The EBRD’s additional financing will raise the capacity of the Gvozd wind farm to 75 MW, making it the largest in the country. This project, led by EPCG, marks a key industrial milestone in Montenegro’s energy sector.
Moscow develops Arctic turbines for the Northern Sea Route
The Russian Ministry of Industry and Trade is announcing "Arctic configuration" wind generators to power infrastructure on the Northern Sea Route, without listing any companies at this stage, with the stated aim of technological sovereignty.
Vestas maintains annual targets despite 44% drop in orders
The Danish turbine manufacturer posted a 14% increase in quarterly revenue, despite a sharp drop in order intake and negative cash flow.
Eurowind secures approval for two 86.4 MW wind projects in Germany
German authorities have approved two onshore wind projects totalling more than 86 MW, with commissioning planned from 2027.
Ørsted launches DKK60 bn capital increase with Danish state backing
Ørsted strengthens its financial structure with a rights issue backed by the state, following the failed partial sale of the US Sunrise Wind project.
Forestalia signs 10-year contract with Galp to refinance wind farm
Forestalia has signed a ten-year power purchase agreement with Galp Energia Espana to refinance a 42.7 MW wind farm in Aragon, securing stable revenues through coverage of 65% of its annual production.
Encavis AG acquires a 34 MW wind farm from PNE AG in North Rhine-Westphalia
Encavis AG continues its growth in Germany with the acquisition of a 34-megawatt wind project in Sundern-Allendorf, sold by PNE AG and secured by a twenty-year feed-in tariff.
Iberdrola receives the final Windar monopiles for its Windanker offshore wind farm
The last monopiles manufactured by Navantia Seanergies and Windar Renovables have been delivered to Iberdrola for the Windanker offshore project, marking a major milestone for the European XXL offshore wind component manufacturing industry.
Envision Energy validates reliability of its two-blade wind turbine with 500 days of stable operation
Envision Energy's two-blade prototype has now reached over 500 days of continuous operation, achieving a 99.3% availability rate and confirming its potential compared to industrial standards.
RWE secures four maintenance vessels to support its offshore wind fleet in Europe
RWE signs long-term agreements with North Star for four new service vessels, strengthening maintenance of its offshore wind farms in the United Kingdom and Germany amid a tight market for specialised maritime capacities.
AMEA Power launches Agadir desalination plant expansion with 150 MW wind farm
AMEA Power partners with Cox for the second phase of the Agadir desalination plant, set to reach 400,000 m³/day with power supplied by a 150 MW wind farm in Laayoune.
The 2 GW Northern Luzon floating wind project reaches key milestone in the Philippines
Buhawind Energy Northern Luzon Corporation secures grid connection study approval, bringing the launch of one of Southeast Asia’s largest offshore wind projects closer.

Log in to read this article

You'll also have access to a selection of our best content.

or

Go unlimited with our annual offer: £99 for the 1styear year, then £ 199/year.

SUBSCRIBE - €99