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Keppel Corp and KIT to invest $233.6 mil in European onshore wind energy portfolio

Felicia Tan
Felicia Tan7/13/2022 08:20 AM GMT+08  • 4 min read
Keppel Corp and KIT to invest $233.6 mil in European onshore wind energy portfolio
The transaction is KIT’s first investment in the renewable energy sector. Photo: Keppel Corp
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Keppel Corporation and Keppel Infrastructure Trust (KIT), on July 13, announced that they will be jointly investing in a European onshore wind energy portfolio.

The transaction is KIT’s first investment in the renewable energy sector. Meanwhile, the transaction will also mark Keppel Corp’s expansion in the wind energy business.

Under the joint investment, both Keppel Corp and KIT will be putting in €160 million ($233.6 million) for a 33.33% stake in a joint investment vehicle (FundCo), of which Keppel Corporation will hold an effective stake of 6.0%. KIT will hold an effective stake of around 27.3%. These stakes are held through an 18:82 joint venture between Keppel Renewable Investments Pte. Ltd., a wholly-owned subsidiary of Keppel Corporation and KIT.

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