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TEPCO Renewable Power, a unit of Tokyo Electric Power Company Holdings, said on Wednesday it will buy 100% stake in Flotation Energy, a British floating offshore wind power company, for an undisclosed sum. The deal, signed on Nov. 1, marks the Japanese company's first equity investment in overseas wind power, and comes as part of its plan to develop 6-7 gigawatts (GW) of new offshore wind and hydroelectric power assets by 2030, expanding from the current generation capacity of 9.9 GW.