TEPCO acquires Flotation Energy

Kincardine Wind Farm developed off the coast of Scotland, UK (Image: via TEPCO)Kincardine Wind Farm developed off the coast of Scotland, UK (Image: via TEPCO)
It's the first move of Japanese TEPCO into overseas wind markets. Flotation Energy developed floating offshore wind farm Kincardine.

Official Press Release TEPCO:

TEPCO: Signing of a Share Purchase Agreement to Invest in Flotation Energy (UK)

TEPCO RP's First Equity Investment in an Overseas Wind Power Company

On November 1, TEPCO Renewable Power, Inc. signed a contract with the shareholders of Flotation Energy (headquartered in Edinburgh, Scotland, UK), which engages in offshore wind power mainly in the UK, to purchase 100% of its issued shares to TEPCO Renewable Power, Inc. This is our first investment in overseas wind power. Flotation Energy is a world leading offshore wind developer, established by current Chief Executive, Lord Nicol Stephen and Chief Technical Officer ("CTO") Allan MacAskill in 2018. They developed the world's largest floating offshore wind farm at Kincardine and they, along with the Flotation Energy team, have a wealth of experience and knowledge in offshore... ... More: Official Press Release TEPCO

TEPCO, Scotland, floating, offshore, oversea, investment, acquisition, develpment, Floatation Energy, UK, Kincardine

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