Acquisition of Parkwind successfully closed between JERA and Virya Energy

After the initial agreement announced in March 2023, JERA Co., Inc. (JERA) has successfully closed an acquisition of 100% of the shares of Parkwind NV (“Parkwind”) from Virya Energy. The transaction has been approved by competition and other regulatory authorities. This transaction marks a significant milestone for JERA and Parkwind and signals a strategic shift in the offshore wind power industry.

Today, Parkwind is Belgium’s largest offshore wind platform which operates 4 offshore wind projects in Belgium, totaling 771MW. The recent completion of Arcadis Ost 1 adds another 257MW in Germany’s Baltic Sea. The future development pipeline of Parkwind comprises more than 4.5GW and together with JERA’s complementary capabilities and financial support, Parkwind will continue to strengthen its global presence.

JERA’s acquisition of Parkwind comes at a time when the world is increasingly recognizing the importance of renewable energy sources and the urgent need to increase low-carbon and renewable energy sources. By adding Parkwind’s offshore projects to the existing portfolio of offshore wind projects in Taiwan and the United Kingdom, JERA will be able to increase its renewables capacity and potential to further diversify the existing renewable energy offerings. The acquisition aligns with JERA’s long-term vision to scale up its clean energy platform of renewables and low greenhouse gas thermal power, contributing to sustainable development around the world.

This acquisition represents an exciting opportunity for Parkwind and its more than 130 employees to become an ever more important player in the rapidly expanding offshore wind industry on a global scale.

François Van Leeuw and Eric Antoons, co-CEO’s of Parkwind NV, express their enthusiasm and optimism for the future: “We are thrilled to welcome JERA as our new shareholder. With JERA’s worldwide expertise, resources and pipeline, we are confident that Parkwind’s portfolio will further expand across the borders. This partnership represents a significant milestone for our company and aligns perfectly with our long-term vision of creating a sustainable future powered by renewable energy. With the combined expertise and resources from both JERA and Parkwind, we are confident in our ability to accelerate our growth, expand our portfolio, and contribute even more to the global clean energy transition."

Nathalie Oosterlinck, Managing Executive Officer, Head of the Global Renewable Energy Division, JERA: “I am delighted to announce that we have successfully completed the acquisition of Parkwind. This marks a significant milestone in JERA's journey to achieve our mission to provide cutting-edge solutions to the world's energy issues. We are excited to welcome the talented team of Parkwind to the JERA family. Their strong track record and excellent in-house development and team capabilities will help us to grow our ambitions of scaling up our renewable capabilities globally. Together, we can leverage great talent, shared values and business culture. Parkwind fuels JERAs growth ambitions of scaling up our position as a global leader in the renewable energy sector.”

For existing partners of Parkwind, this announcement assures continuity and a strengthened commitment to delivering reliable, sustainable energy solutions. The transition is expected to be seamless, with no disruptions to ongoing projects, partnerships or services.