You are here

JERA acquires Parkwind (Flanders) for EUR 1.55 billion

Japanese energy concern JERA is acquiring Parkwind, a Flanders-based company focusing on constructing and operating offshore wind turbines and currently involved in 4 wind parks in the North Sea. The acquisition amount totals a whopping EUR 1.55 billion.

4 wind parks in the North Sea

Headquartered in Leuven (Flanders), Parkwind is a subsidiary of Virya Energy, a holding company active in the development, financing, construction and operating of renewable energy sources. Virya Energy is 59.9% owned by the Colruyt Group, one of Flanders’ leading and largest retail corporations, while the rest is owned by Korys, the Colruyt family’s investment company.

Currently, Parkwind has stakes in 4 operational wind parks located off the coast of Flanders in the North Sea: Belwind, Northwind, Nobelwind and Northwester 2.

As part of Parkwind’s management team and all the Parkwind talent across the platform, we are thrilled by this announcement. This is the start of an exciting new era for our offshore wind activities in Europe and around the globe.

Eric Antoons and François Van Leeuw
co-CEOs of Parkwind

A synergetic breeze

Following the acquisition deal and through the resulting synergies between the two companies, Parkwind will provide JERA with a strong platform to grow its renewables business globally, offshore wind energy in particular. Furthermore, Parkwind’s offshore wind energy business will be able to be introduced in a variety of international markets where JERA is already present or active in offshore wind development.

Committed to fully supporting Parkwind’s domestic and international expansion plans, JERA intends to continue investing in Flanders while expanding both the local team and Parkwind’s footprint globally from its existing offices in Leuven.

More info

Reported by
newspaper De Tijd
28 March 2023

More news about Flanders?

  • Regular updates
  • No spam

Interested in doing business in Flanders?

Let us help you!

  • We can introduce you to other companies, banks and regulators
  • We organize site visits to real estate locations
  • We assist with all legal aspects of setting up a business
  • We're an official government agency
  • Our services are completely free
  • We are a team of international experts

Receive our handbook to growing your business in Flanders

  • It's completely free.
  • Get an overview of all incentives relevant to your company.
  • Tax system explained in-depth.
  • Learn how to set up your business quickly.
  • Discover the benefits of Flanders (in addition to the chocolate).

In addition to the ebook, I agree to receive one or two follow-up emails