ELECTRIC POWER DEVELOPMENT CO., LTD.

(9513)
  Report
Delayed Japan Exchange  -  05/23 10:25:15 pm EDT
2091.00 JPY   +0.48%
05/16J-POWER and Genex Power Limited to Collaborate on Kidston Stage-3 Wind Project
AQ
05/15Genex Power Limited Executs A Joint Development Agreement with Electric Power Development Co., Ltd for the Kidston Stage 3 Wind Project Located At the Kidston Clean Energy Hub in Queensland
CI
05/11Three big asset managers file joint climate resolutions at J-Power
RE
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Electric Power Development Co., Ltd. - Triton Knoll Offshore Wind Farm reaches further milestone completing turbine commissioning

01/17/2022 | 10:07am EDT

Electric Power Development Co., Ltd. (headquartered in Chuo-ku, Tokyo; Toshifumi Watanabe, President, 'J-POWER'), announced the successful completion of turbine commissioning at Triton Knoll Offshore Wind Farm ('Triton Knoll,' shareholder ratio: J-POWER 25%, RWE AG 59%, The Kansai Electric Power Co., Inc. 16%).

The project has reached this milestone on time, overcoming the challenges imposed by the global pandemic. Once fully operational, Triton Knoll will be one of the world's largest offshore windfarms. Full operations are expected in the January to March quarter of 2022, as planned.

Triton Knoll will make an important contribution to the UK's energy system, generating enough electricity to supply around 800,000 homes each year1. The turbine array is located 32 km off the UK's Lincolnshire coast, in the North Sea, and has a total power output of 857,000 kW. Each turbine is 164 meters from blade tip to blade tip, and a single rotation can power a typical home for up to 29 hours. Since first participating in this project, J-POWER has dispatched two engineers to Triton Knoll and has been accumulating knowledge of offshore windfarm construction.

After commissioning, J-POWER will continue to deepen understanding of operations and maintenance through this project. We will fully utilize our experience and knowledge in offshore wind power operations gained at Triton Knoll to further develop renewable energy worldwide. Our goal is to achieve carbon neutrality through power generation by 2050, as set out in J-POWER 'BLUE MISSION 2050,' announced on February 26, 2021.

The CfD is an investment incentive program of the United Kingdom, which will be granted to wind power generators and other low carbon electric power resources. Accredited electricity generators shall execute the CfD agreement with the LCCC (Low Carbon Contracts Company), a CfD management company owned by the British Government, and then, the parties thereto will make settlements for an electricity price based on the difference between the strike price, which is provided under the agreement, and the reference price, which is determined according to wholesale market prices from time to time.

Contact:

Tel: 03-3546-2211

Fax: 03-3546-9532

(C) 2022 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
ELECTRIC POWER DEVELOPMENT CO., LTD. 0.53% 2091 Delayed Quote.39.29%
THE KANSAI ELECTRIC POWER CO., INC. 0.48% 1269 Delayed Quote.16.67%
All news about ELECTRIC POWER DEVELOPMENT CO., LTD.
05/16J-POWER and Genex Power Limited to Collaborate on Kidston Stage-3 Wind Project
AQ
05/15Genex Power Limited Executs A Joint Development Agreement with Electric Power Developme..
CI
05/11Three big asset managers file joint climate resolutions at J-Power
RE
05/06Electric Power Development Co., Ltd. - Jackson Generation in the US begins commercial o..
AQ
04/24Guangdong Electric Power Swings to Loss in 2021; Revenue Jumps 31%
MT
04/11ELECTRIC POWER DEVELOPMENT : HySTRA celebrates completion of world's first liquefied hydro..
PU
04/09ELECTRIC POWER DEVELOPMENT : HySTRA celebrates completion of world's first liquefied hydro..
PU
03/30ELECTRIC POWER DEVELOPMENT CO., LTD. : Ex-dividend day for final dividend
FA
03/21Huaming Power's Controlling Shareholder Boosts Stake to 43.5% For $79 Million
MT
03/08Japanese firms say tanker pilot shows coal to hydrogen plan feasible
RE
More news
Financials
Sales 2022 1 053 B 8 242 M 8 242 M
Net income 2022 45 820 M 359 M 359 M
Net Debt 2022 - - -
P/E ratio 2022 8,31x
Yield 2022 3,60%
Capitalization 381 B 2 982 M 2 982 M
Capi. / Sales 2022 0,36x
Capi. / Sales 2023 0,25x
Nbr of Employees 7 156
Free-Float 90,4%
Chart ELECTRIC POWER DEVELOPMENT CO., LTD.
Duration : Period :
Electric Power Development Co., Ltd. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ELECTRIC POWER DEVELOPMENT CO., LTD.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 5
Last Close Price 2 081,00 JPY
Average target price 1 887,50 JPY
Spread / Average Target -9,30%
EPS Revisions
Managers and Directors
Toshifumi Watanabe Manager-Corporate Planning
Hitoshi Murayama Manager-Thermal Power Generation
Go Kajitani Independent Outside Director
Tomonori Ito Independent Outside Director
John Buchanan Independent Outside Director
Sector and Competitors
1st jan.Capi. (M$)
ELECTRIC POWER DEVELOPMENT CO., LTD.39.29%3 045
NEXTERA ENERGY-22.29%139 912
DUKE ENERGY CORPORATION4.70%84 558
SOUTHERN COMPANY7.04%78 000
IBERDROLA, S.A.7.06%74 405
DOMINION ENERGY, INC.5.74%67 037