Japan's Kansai Electric buys into Iberdrola's 1.3 bln euro offshore wind project in Germany
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 13 2024
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Should l Buy ?
Source: Reuters
Kansai Electric's Investment: Kansai Electric Power Co has acquired a 49% stake in Iberdrola's Windanker offshore wind project in Germany, which will have a capacity of 315 megawatts and is expected to commence operations in late 2026.
Partnership Expansion: This investment marks Kansai's fifth overseas offshore wind project, contributing to its total projected capacity of 3 gigawatts, while also highlighting the growing collaboration between Japanese firms and international companies in the renewable energy sector.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
