Stake Transaction

Gunfleet Sands is a 173 MW offshore wind project located approximately 7 km off the coast of Clacton-on-Sea, UK, comprising 48 fixed-bottom offshore wind turbines. The project has been operational since April 2010, establishing itself as a mature asset in what is described as the world’s most advanced offshore wind market, the UK. Against this backdrop, JERA moved to become an equity participant in the project, joining the existing partnership structure alongside Ørsted and the Development Bank of Japan. The project page notes that the wind farm has been operational since April 2010 and that JERA has "participated since 2019," with JERA listed as a partner together with Ørsted and the Development Bank of Japan. This combination of statements implies that JERA acquired an ownership stake in the Gunfleet Sands offshore wind farm (covering Gunfleet Sands 1 & 2) during 2019, entering the project long after it had reached operational status. The precise share percentage and transaction value are not disclosed in the source. By acquiring this stake, JERA gains direct exposure to operational offshore wind in the UK, which the company highlights as an opportunity to build knowledge and experience in day-to-day operations and asset management in a leading offshore wind market. The transaction effectively positions JERA as a co-owner alongside its named partners, integrating it into the long-term operational and strategic framework of the Gunfleet Sands project from 2019 onwards.