Simply Blue Group, a leading developer of renewable energy projects, announces that Kansai Electric Power Co., Inc. (“KEPCO”) has signed a Share Subscription Agreement with Simply Blue Group’s offshore wind development arm, Simply Blue Energy OSW Ltd (SBE OSW).

This strategic investment marks KEPCO’s first investment involving management participation in an offshore wind developer.

Simply Blue Energy OSW Ltd. is actively engaged in multiple offshore wind projects across Europe and elsewhere and possesses extensive experience and expertise in offshore wind development from the early stages of project formation. With KEPCO’s investment, SBE OSW aims to accelerate the expansion of its offshore wind portfolio.

Hugh Kelly, Co-Founder and CEO, Simply Blue Group said: “This investment represents a pivotal moment for us at Simply Blue Energy OSW Ltd. The support from KEPCO provides the strength and resources needed to scale our operations and advance our offshore wind initiatives. Together, we are poised to deliver significant contributions to the clean energy transition.”

Toru Kuwahara, Executive Vice President, and General Manager of Global EX Division of KEPCO said: “We are honored to embark on a partnership with Simply Blue Energy, a developer possessing a pioneering spirit and extensive expertise in the field of offshore wind power.”

“Through this collaboration, we aim to further advance offshore wind development for both companies and contribute to achieving a carbon-neutral society.”

Hugh Kelly, Co-Founder & CEO Simply Blue Group and Toru Kuwahara, Executive Vice President, and General Manager of Global EX Division of Kansai Electric Power Co., Inc. (KEPCO) with members of the KEPCO and Simply Blue Group team in Cork for the official signing ceremony of a Share Subscription Agreement between the two companies. This strategic investment marks KEPCO’s first investment involving management participation in an offshore wind developer. (Image credit: Simply Blue Group)

An Taoiseach Micheál Martin said: “I very much welcome the announcement of a strategic investment in Cork-headquartered Simply Blue Group by Japan’s Kansai Electric Power Company (KEPCO). Simply Blue has been a significant international actor in the fast-growing offshore renewable energy sector and this collaboration with KEPCO will further bolster its capacity. Together they will help drive the transition from fossil fuels to clean energy, in Ireland and further afield. I wish them well in their new partnership.”

As part of Kansai Electric Power Group, Simply Blue Energy OSW Ltd. will collaborate closely to advance expertise in offshore wind development.

This strategic investment reflects Kansai Electric Power Group’s long-term vision to contribute to the realization of a zero-carbon society and ensure the sustainable, stable supply of clean energy worldwide.