Simply Blue Group announced that Kansai Electric Power Co., Inc. has signed a share subscription agreement with Simply Blue Group’s offshore wind development arm, Simply Blue Energy OSW Ltd.
This strategic investment marks KEPCO’s first investment involving management participation in an offshore wind developer.
Simply Blue Group is a leading developer of renewable energy projects. 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.
“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,” said Hugh Kelly, Simply Blue co-founder and CEO. “Together, we are poised to deliver significant contributions to the clean energy transition.”
“We are honored 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,” said Toru Kuwahara, KEPCO’s executive vice president and general manager of Global EX Division. “Through this collaboration, we aim to further advance offshore wind development for both companies and contribute to achieving a carbon-neutral society.”
This strategic investment reflects Kansai Electric Power Group’s long-term vision to contribute to the realization of a zero-carbon society and ensure the sustainable, stable supply of clean energy worldwide.
Its offshore wind arm, Simply Blue Energy OSW Ltd. (SBE OSW) is actively developing a significant renewable energy portfolio, including 8 GW of floating offshore wind and 4 GW of fixed-bottom wind projects across multiple markets.
More info: www.simplybluegroup.com
