Aker Offshore Wind and Mainstream Renewable Power (Mainstream) have closed the transaction which will see them take an initial 50 percent ownership stake in Progression Energy’s 800 MW floating offshore wind project in Japan.
The project is a well-formed early-stage development opportunity, and the site has been identified as ideal for floating wind. The parties will now collectively continue to mature the project. Aker Offshore Wind Aker Offshore Wind is an offshore wind developer focused on assets in deep waters and specialized on floating energy systems. Mainstream Renewable Power is a pure-play renewable energy company with a global footprint with a pipeline of more than 16.2GW of wind and solar assets. n 2021, Aker Horizons acquired a 75 percent equity stake in the company. Progression Energy is a floating offshore wind developer with approximately 4GWs of project assets across four markets.
