Eneco and Chubu Electric Power conclude agreement on sale of stake in Ecowende - Ecowende
Summary
Ecowende won the tender for the wind farm - which will be located approximately 53 kilometres off the Dutch coast, directly west of IJmuiden - in December 2022. The wind farm will be constructed in harmony with nature and will be able to feed 760 MW into the Dutch power grid, which is enough to meet around 3% of current demand for electricity in the Netherlands. The wind farm is scheduled to become operational in 2026.The transaction is expected to be completed in the second quarter of 2024, once all the necessary approvals have been obtained from the relevant parties, which include the competition authorities.As Tempelman (CEO of Eneco): I am very pleased with Chubus participation in Ecowende. The Japanese company hopes to use Ecowendes experience with all kinds of ecological innovations in offshore wind farms that Chubu will develop in Japan and other countries.Hiroki Sato (Senior Managing Executive Officer and CEO of Chubus Global Business division): "This is a significant step for us to enhance our partnership with Eneco and Shell. Thanks to this concept, Ecowende will build and operate the wind farm with minimal impact on the environment and protected species.