January 14, 2022

Electric Power Development Co., Ltd. (J-POWER)

Triton Knoll Offshore Wind Farm reaches further milestone

completing turbine commissioning

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.

  1. Overview of the Triton Knoll Offshore Wind Farm
  2. Project Scheme
  3. List of Renewable IPP Projects (Overseas)

1 (1) Energy generation footnote

It is estimated that the average annual generation expected at the site could be equivalent to the approximate domestic needs of an expected minimum of 800,000 average UK households. Energy predicted to be generated by the proposal is derived using wind speeds monitored in the local area and correlated with long term reference data. The energy capture predicted and hence derived homes equivalent figure may change as further data are gathered. Equivalent homes supplied is based on an annual electricity consumption per home of 4100 kWh. This figure is supported by recent domestic electricity consumption data available from The Digest of UK Energy Statistics and household figures from the UK National Statistics Authority.

Attachment 1

Overview of the Triton Knoll Offshore Wind Farm

Location

North Sea/Eastern England

Project Capacity

857 MW

(manufactured by Vestas: turbine capacity

9.5MW

× 90 units)

Operating Company

Triton Knoll Offshore Wind Farm Ltd.

The Project is a CfD-accredited project eligible for the

benefits under the CfD regime (*) of the United Kingdom.

Electricity Sale

Under this regime, electricity generators are guaranteed

to receive a fixed price for the electricity they generate,

through the contract for difference scheme, for 15 years

after the commencement of operation.

(Location of the farm)

*CfD (Contract for Difference) regime:

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.

Attachment 2

J-POWER

Development Bank of Japan

Common Equity

Preferred Equity

Kansai Electric

(equity ratio:100%)

Power

JP Renewable Europe Company

Limited

RWE

(Investment Company)

Investment of 59%

Investment of 25%

Investment of 16%

Triton Knoll HoldCo Ltd. (the Holding Company)

Investment of 100%

Triton Knoll Offshore Wind Farm Ltd. (the Project Company)

List of Renewable IPP Projects (Overseas)

Attachment 3

(Currently operational projects)

J-POWER

Country/

Power Generation

Owned

Project Name

Capacity

Investment

Capacity

Region

Method

Ratio

(MW)

(MW)

(%)

Thailand

Roi-Et

Biomass (Chaff)

9

24.7

2

GYG

Biomass

20

49.0

10

(Rubber Wood Waste)

Rooftop Solar(1 project)

Solar

0.8

60.0

0.5

China

Hanjiang (Xihe / Shuhe)

Hydro

450

27.0

122

Gemeng

Wind, Solar, Hydro

866

7.0

61

Phillipines

Caliraya

Hydro

23

50.0

11

Botocan

Hydro

21

50.0

10

Kalayaan

Hydro(Pumped-storage)

685

50.0

343

Australia

Kidston Stage 1

Solar

50

10.0

5

Jemalong Solar

Solar

50

10.0

5

Total

2,174

569

(Projects under construction / development)

Country /

Power Generation

J-POWER

Owned

Project Name

Capacity

Investment

Capacity

Region

Method

Ratio

(MW)

(MW)

(%)

United

Triton Knoll

Wind(Offshore)

857

25.0

214

Kingdom

United States

Wharton

Solar

350

25.0

88

Refugio

Solar

400

25.0

100

Birchwood

Solar

50

50.0

25

Australia

Kidston Stage-3 Wind

Wind(Onshore)

150

55.0

83

K2-Hydro

Hydro(Pumped-storage)

250

10.0

25

K2-Solar

Solar

270

10.0

27

Thailand

Rooftop Solar(2 projects)

Solar

1.2

60.0

0.7

J-POWER owns 50% stake of the project, and with its 10% stake in Genex Power Limited, J-POWER's overall stake is 55 .

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EPDC - Electric Power Development Co. Ltd. published this content on 14 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 January 2022 04:11:03 UTC.