in News Departments > Projects & Contracts
print the content item

Tokyo-based Marubeni Corp. has entered into an agreement with the Development Bank of Japan (DBJ) in which Marubeni will divest a part of its shares in the 172 MW Gunfleet Sands offshore wind farm to DBJ.

Marubeni has a 49.9% stake in Gunfleet Sands, located in the U.K. When the transaction is completed, Marubeni will have a 24.95% ownership share and DBJ a 24.95% share. DONG Energy will retain its majority ownership share and will continue to operate the wind farm.

Notably, Marubeni is also an investor in the Atlantic Wind Connection, an offshore wind transmission "backbone" planned to span the Mid-Atlantic region from New Jersey and eventually extending to Virginia. That project is headed by independent transmission company Trans-Elect and developer Atlantic Grid Development and further backed by Google, Bregal Energy and Elia.



Trachte Inc._id1770
Latest Top Stories

Eagle Take Permits For Wind Farms - Will They Fly?

Now that the U.S. Fish and Wildlife Service has issued the first permit allowing the legal take of eagles, can wind developers expect more certainty in the agency's application process?


Despite 2013 Challenges, U.S. Wind Power Reaches All-Time Low Price

In a new report, the U.S. Department of Energy details the highs and lows of the country's wind industry last year, and the agency maintains that the U.S. sector remains strong.


Mexico On Pace To Set New Renewables Investment Record

A new report says the country has spent $1.3 billion on clean energy in the first half of 2014 and could end up seeing a record year. Furthermore, wind power is slated for significant growth in the region.


IRS Issues More PTC Guidance, Easing Some Wind Industry Concerns

The Internal Revenue Service (IRS) addresses how much work is needed on a wind farm to satisfy production tax credit (PTC) eligibility.


Embryonic No More: U.S. Offshore Wind Industry Gaining Momentum

After a decade of fits and starts, the industry is moving closer to installing the first generation of wind projects off the country's shores.

Renewable NRG_id1934
Canwea_id1984
Tower Conference_id1965