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    Japanese renewables business sold by Pattern

    Pattern Energy, a US-based 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 expected to be finalized by the end of 2023.


    GPI has been actively involved in developing, constructing, and managing renewable energy plants, including onshore and offshore wind farms in Japan, since 2004.


    Currently, GPI owns and operates six renewable energy assets with a total capacity of 337MW and has two projects under construction, totaling 192MW.


    In 2020, GPI completed the Wind Farm Tsugaru, a 122MW onshore wind power plant, which was the largest of its kind in Japan at the time.


    Recently, GPI commenced commercial operations of the Sumita Tono Wind Farm, generating 113MW, and is currently constructing the Ishikari Bay New Port offshore wind farm, with a capacity of 112MW, off Hokkaido.


    NTT Anode Energy and JERA are committed to honoring and preserving the mission and values that GPI has cultivated in the renewable energy industry over the years.


    The companies will collaborate to further enhance GPI’s corporate value by leveraging the resources of NTT Anode Energy, particularly for onshore wind, and JERA, specifically for offshore wind power generation.


    Representative Director, Chairman and Global CEO of JERA, Yukio Kani, said “Through GPI, we together with NTT Anode Energy will expand renewable energy businesses in Japan.”


    “Also, we will create synergies in offshore wind power businesses as part of our global strategy.”


    “Furthermore, we expect to strengthen our relationship with NTT group in the future.”


    Representative Board Member and President, GPI, Mitsuru Sakaki, added “We look forward to our new partnership with NTT Anode and JERA and are excited about the potential for continued growth and expansion of our business.”


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