Eurus Energy, a joint venture of Toyota Tsusho Corporation and Tokyo Electric Power Company, has struck a deal to buy into a 100 MW Pentland floating offshore wind farm project in Scotland.
Eurus Energy will become a part owner of the project being developed by Highland Wind, which is majority-owned by Flagship Funds managed by Copenhagen Infrastructure Partners (CIP), with Hexicon as a minority shareholder.
Earlier this year, the Pentland floater, which will be located 7.5km off the coast of Dounreay in Caithness, received approval from Scottish Ministers on a variation application to refine its offshore consents. This included a reduction in the number of turbines, which will now be deployed within a smaller area while maintaining the 100 MW capacity. The project’s operational lifespan will be up to 25 years, and it will generate enough electricity to power up to 70,000 homes.
Eurus Energy said that this project would help it accumulate know-how and technologies in the offshore wind sector, which will be actively utilised both in Japan and overseas.
Commenting on the deal, Pentland project director Richard Copeland said: “International collaboration is essential for unlocking the full potential of floating wind technology. Collaborative efforts can stimulate growth, attract more investment and drive competition, further reducing costs and expanding the technology’s reach. This investment is a key milestone for the project and, now that we have all key development requirements in place, we are ready to move forward.
