TNB Enhances Sustainability Journey Via Offshore Wind Farms
Tenaga Nasional Berhad (TNB)’s wholly-owned subsidiary, Vantage RE Ltd (Vantage RE) enhances TNB’s renewable energy (RE) portfolio and net-zero goals by the acquisition of a 49% stake in an offshore wind farm company, Blyth Offshore Demonstrator Limited (BODL) from EDF Renewables (EDFR), a subsidiary of the French utility company, Électricité de France (EDF).
Sealed on 18 October 2021, The acquisition marks TNB’s maiden entry into the international offshore wind market as BODL currently owns offshore wind assets off the coast of Blyth, Northumberland, England. The assets include five turbines with a total installed capacity of 41.5MW (“Blyth 1”) and further development rights for a floating offshore wind project of up to 58.4MW (“Blyth 2”) located off the Northumberland coast.
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