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JAPAN SELECTS CONSORTIUMS FOR TWO BIGGER OFFSHORE WIND FARMS FASTER
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In an effort to speed up its renewable energy initiatives, Japan has chosen two consortiums to develop offshore wind projects. Together, the two projects would generate more than 1 GW of electricity, and one of them would rank among Japan's largest offshore wind farms to date.
The sector was paying particular attention to the nation's third round of solicitations, which concluded in the latter part of 2024. In the past, RWE and Iberdrola were drawn to Japan for projects. In addition to involvement in the consortiums from Marubeni, Tokyo Gas, Kansai Electric Power, and others, the winners of this round were BP and JERA, each of which has separately announced plans to merge their operations.
Japan's Ministry of Land, Infrastructure, Transport, and Tourism, in conjunction with the Ministry of Economy, Trade, and Industry, chose the winners. Among the companies that the Ministries highlight are JERA, which has projects in Taiwan and Europe, and Green Power Investment Co., a partner that oversaw the entire process for the Ishikari Bay New Port Offshore Wind Farm, which began operations in May 2024 with a capacity of 112 MW, and Wind Farm Tsugaru, which began operations in January 2024 with a capacity of 122 MW. These two projects rank among the biggest in the nation at the moment.