The news, reported by Reuters, indicates that the Japanese company's goal is to gain experience in the maintenance and operation of these parks, this being Tokyo Gas' first direct investment in a floating farm outside Japan.

The investment decision is made at a time when Japan intends to invest in this technology. The Japanese government wants to install 10 gigawatts of offshore wind power by 2030 and reach 45 gigawatts by 2040.

Windfloat Atlantic has been operational since 2020. It is owned by Ocean Winds, a consortium formed by Engie and EDP Renováveis ​​in 54%, and also includes Repsol (19.4%) and Principle Power (1.2%). The floating technology was developed by the latter company, a US start-up in which Tokyo Gas has had a stake since 2020.

The share of the project that will be acquired by Tokyo Gas is expected to be purchased from Principle Power and Ocean Winds, and the deal is expected to be completed by the end of the year.