INPEX completed the acquisition of a 16.7% stake in Moray East offshore wind farm from Mitsubishi.

Financials

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Transaction Value-

Consideration TypeCash

Capital Owned-

Capital Bid For17%

EV/Sales-

EV/EBITDA-

Share Price Premium-

One Off Charge-

bidder

Inpex Corporation

target

Moray East Offshore Wind Farm

vendor

Mitsubishi Corporation

Sources

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Press Release

INPEX - 2 Mar 2023

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Friendly

Private

Cross Border

wind farm

United Kingdom

Completed

Minority

Alternative Fuels

Acquisition

Single Bidder

Synopsis

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INPEX, an oil company, completed the acquisition of a 16.7% stake in Moray East offshore wind farm from Mitsubishi, an automobile manufacturer. Financial terms were not disclosed. The Moray East offshore wind farm has been in commercial operation since April 2022 with an output scale of 950 megawatts produced by one hundred 9.5-megawatt units.

INPEX completed the acquisition of a 16.7% stake in Moray East offshore wind farm from Mitsubishi.

bidder

target

vendor

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