Innogy divests 41% of its 860MW Triton Knoll offshore project

German utility Innogy has signed an agreement to sell 41% of its 860MW Triton Knoll offshore wind project to Japanese investors as part of its strategy to pursue a partnership-based approach for the construction of wind projects at sea.

Under the agreement, Innogy is slated to sell a 25% stake in the roughly €2.3bn ($2.62bn) project 32 kilometres off the coast of Lincolnshire in the east of England to Japanese generation giant Electric Power Development Company, or J-Power, through its subsidiary JP Renewable Europe Company (JPREC), and another 16% to Osaka-based Kansai Electric Power through its subsidiary KPIC Netherlands.