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Business deals

Japanese utilities buy into vast offshore wind farm in UK

$900m deal will give J-Power and Kansai Electric know-how of sector

Japan has hardly any offshore wind farms in commercial operation.

TOKYO -- Two of Japan's biggest power companies will buy around 40% of a German-owned developer of offshore wind farms in the U.K., seeking to learn from Britain's lead in this sector and bring the know-how back home.

Tokyo-based Electric Power Development, better known as J-Power, will join Osaka regional utility Kansai Electric Power in investing in a unit of Germany's Innogy.

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