Pattern Energy, a US-headquartered company, has reached an agreement with JERA and NTT Anode Energy Corporation to jointly acquire its renewable energy business in Japan. The acquisition of Green Power Investment Corporation (GPI), a wind developer, is anticipated to be finalized by the end of 2023.
GPI has been actively involved in the development, construction, and management of renewable energy plants, including both onshore and offshore wind farms, in Japan since 2004. Currently, the company owns and operates six renewable energy assets with a total capacity of 337MW, and it has two additional projects under construction with a combined capacity of 192MW.
One of GPI’s notable achievements was the completion of the 122MW Wind Farm Tsugaru in 2020, which was the largest onshore wind power plant in Japan at that time. Moreover, GPI recently commenced commercial operations at the 113MW Sumita Tono Wind Farm and is currently constructing the 112MW Ishikari Bay New Port offshore wind farm off Hokkaido.
NTT Anode Energy and JERA have expressed their commitment to honoring and preserving GPI’s mission in the renewable energy industry, which the company has cultivated over the years. The companies intend to collaborate with each other to enhance GPI’s corporate value. NTT Anode Energy will contribute its resources, particularly in the onshore wind sector, while JERA will leverage its expertise in offshore wind power generation.
Yukio Kani, the Representative Director, Chairman, and Global CEO of JERA, emphasized the expansion of renewable energy businesses in Japan through the partnership with GPI and NTT Anode Energy. Kani also highlighted the potential synergies in offshore wind power ventures as part of their global strategy. Additionally, he expressed the expectation of strengthening their relationship with the NTT group in the future.
Mitsuru Sakaki, the Representative Board Member and President of GPI, expressed anticipation for the new partnership with NTT Anode and JERA. Sakaki conveyed enthusiasm regarding the potential for continued growth and expansion of their business.
