TEPCO Renewable Power to acquire Flotation Energy.

TEPCO Renewable Power, an electricity retailer company, agreed to acquire Flotation Energy, an offshore wind power provider. Financial terms were not disclosed. "This is a very exciting development for Flotation Energy and recognizes the strength and success of our world class team. We have pioneered the growth of floating wind across the globe and have a very significant pipeline of projects in the UK, Ireland, and Asia Pacific. This new partnership between Scotland and Japan represents a major investment by TEPCO. It will allow us to move forward quickly with our existing projects and to kick start new opportunities right around the world. Climate change is the biggest challenge facing our planet and helping to deliver a clean, green electricity network has always been Flotation Energy's goal," Lord Nicol Stephen, Flotation Energy CEO.