Japan chooses operators for 3 offshore wind projects

The Mitsubishi Corp brand is pictured at its headquarters in Tokyo, Japan on August 2, 2017. REUTERS / Kim Kyung-Hoon / File Photo

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TOKYO, December 24 (Reuters) – Japan’s ministries of industry and land have selected three consortia, all led by Mitsubishi Corp (8058.T), as operators of three offshore wind projects in Akita, in the north from Japan, and in Chiba, near Tokyo, they said on Friday.

The announcement is the second round of government auction results for offshore blocks under a new law to promote wind power as Japan aims to increase renewable energy capacity to help meet its target 2050 to become carbon neutral. Read more

The winner of the 391 megawatt (MW) offshore wind farm from Choshi to Chiba is a consortium of Mitsubishi Corp Energy Solutions, Mitsubishi Corp and C-Tech Corp, a subsidiary of Chubu Electric Power Co Inc (9502.T).

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Another consortium of the same three companies also won the 479 MW project off Noshiro, Mitane and Oga in Akita.

A third consortium of the same three companies and Venti Japan Inc, a renewable energy company based in Akita, has been selected for the 819 MW offshore Yurihonjyo project in Akita.

All three projects are expected to enter service between September 2028 and December 2030.

Five groups each participated in the tenders for the two Akita blocks while two consortia bid for the Chiba region, the ministries said. The tenders took place from November 27 of last year to May 27 of this year.

A number of companies, including large foreign wind energy companies such as Denmark’s Orsted (ORSTED.CO), Germany’s RWE (RWEG.DE) and Norway’s Equinor (EQNR.OL), wish to enter the Japanese market because it plans to install up to 10 gigawatts (GW) of offshore wind capacity by 2030 and from 30 GW to 45 GW by 2040.

Governments around the world are expected to come up with a record number of tenders for offshore wind sites and capacity this year, with more than 30 GW on the block, as more countries seek to boost electricity. wind energy to reduce their carbon footprint.

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Reporting by Yuka Obayashi; edited by Barbara Lewis

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