Japan's Kansai Electric buys into Iberdrola's 1.3 bln euro offshore wind project in Germany

Kansai Electric's Investment: Kansai Electric Power Co has acquired a 49% stake in Iberdrola's Windanker offshore wind project in Germany, which will have a capacity of 315 megawatts and is expected to commence operations in late 2026.

Partnership Expansion: This investment marks Kansai's fifth overseas offshore wind project, contributing to its total projected capacity of 3 gigawatts, while also highlighting the growing collaboration between Japanese firms and international companies in the renewable energy sector.