Innogy is keen to bring in more partners to invest in the Triton Knoll offshore wind farm, off the coast of England.

The German group’s £2bn facility is expected to supply 800,000 households in the UK with wind energy.
Offshore wind energy
“We are in talks with several interested parties. We won’t do this alone,” Hans Buenting, board member in charge of Innogy’s renewable business, said, adding that the group could keep either a minority or majority stake in the project.

Innogy, majority owned by utility RWE, expects to make a final investment decision about Triton Knoll by the end of June.

For 2017, Innogy’s renewable business is expected to have contributed about 12.5 percent, or$429m, to its total adjusted operating profit, with profits to remain stable this year before growing from 2019, he said.

Innogy also plans to expand its business further in the United States, where it signed a deal last month to buy onshore wind power projects with more than 2 GW of capacity.