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Marubeni Corporation to divest part of Gunfleet Sands Offshore Wind Farm shares

Friday, Dec 27, 2013

Marubeni Corporation (“Marubeni”) has entered into an agreement with Development Bank of Japan (“DBJ”) in which Marubeni will divest a part of its shares in Gunfleet Sands Offshore Wind Farm (“Gunfleet Sands”) to DBJ.

Marubeni has been a co-investor in Gunfleet Sands since September 2011 with DONG Energy, which is one of the leading energy groups in Northern Europe. With partnership with DBJ, Marubeni seeks to expand relations and further participate in offshore wind farms in the world.

Marubeni currently owns 33,625MW as gross and 10,291MW as net capacity of power assets including the gross capacity of 1,994MW and net capacity of 815MW in renewable power assets.

Source: Marubeni Corporation

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