Simply Blue Group, a leading developer of renewable energy projects, has announced that Kansai Electric Power Co., Inc. ('KEPCO') has signed a Share Subscription Agreement with Simply Blue Group’s offshore wind development arm, Simply Blue Energy OSW Ltd (SBE OSW). This strategic investment marks KEPCO’s first investment involving management participation in an offshore wind developer.
Simply Blue Energy OSW Ltd. is actively engaged in multiple offshore wind projects across Europe and elsewhere and possesses extensive experience and expertise in offshore wind development from the early stages of project formation. With KEPCO’s investment, SBE OSW aims to accelerate the expansion of its offshore wind portfolio.
Hugh Kelly, Co-Founder and CEO, Simply Blue Group said: 'This investment represents a pivotal moment for us at Simply Blue Energy OSW Ltd. The support from KEPCO provides the strength and resources needed to scale our operations and advance our offshore wind initiatives. Together, we are poised to deliver significant contributions to the clean energy transition.'
Toru Kuwahara, Executive Vice President, and General Manager of Global EX Division of KEPCO said: 'We are honoured to embark on a partnership with Simply Blue Energy, a developer possessing a pioneering spirit and extensive expertise in the field of offshore wind power. Through this collaboration, we aim to further advance offshore wind development for both companies and contribute to achieving a carbon-neutral society.'
As part of Kansai Electric Power Group, Simply Blue Energy OSW Ltd. will collaborate closely to advance expertise in offshore wind development.
This strategic investment reflects Kansai Electric Power Group’s long-term vision to contribute to the realisation of a zero-carbon society and ensure the sustainable, stable supply of clean energy worldwide.
Source: Simply Blue Group
