German utility E.ON is willing to sell minority stakes in its offshore wind parks and is holding preliminary talks with interested parties, a German newspaper quoted the head of its renewable operations as saying.

Additional funding would enable the company to build bigger parks in the future, Financial Times Deutschland cited Mike Winkel, chief executive of E.ON Climate & Renewables, as saying in an interview published on Monday.

E.ON said in December it would spend €7 billion ($9.2 billion) over the next five years to expand its renewable energy business, as the group steps up its efforts to adjust to the end of nuclear power in Germany.