Allen & Overy has advised JERA, Japan's biggest power generation company, on its 1.55-billion-euro ($1.7 billion) acquisition of Belgium’s largest offshore wind platform Parkwind, which was represented by Linklaters.

Through the deal, JERA, a joint venture between Tokyo Electric Power and Chubu Electric Power, will add Parkwind's four offshore wind farms in Belgium and a new wind farm being built in Germany to its renewables portfolio, Reuters reported. It added that JERA aims to boost its renewable power assets to 5 GW by March 2026 through new development and acquisitions.