Japan’s Daiwa Energy & Infrastructure, a strategic investment arm of Daiwa Securities Group, has acquired a minority stake in Hornsea 1 (pictured), the world’s largest operating offshore wind project.
This acquisition builds on its partnership with Equitix, which has been cultivated since Daiwa’s first co-investment in Electricity North West Limited in 2019, according to the company.
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Hornsea 1 comprises 174 turbines in a vast area of approximately 407 square kilometres with a generation capacity of 1.2GW.
Daiwa said it expects sustainable cash-flows in the long-term based on the proven operational track record backed by Orsted.
The acquisition marks Daiwa’s first investment in an offshore wind project.