Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » Japan selects two groups for third offshore wind power round

    Japan selects two groups for third offshore wind power round

    December 24, 2024
    Share
    Facebook Twitter LinkedIn WhatsApp
    *Offshore wind turbines

    News wire — Japan’s industry and land ministries on Tuesday selected two consortiums, one including energy major BP, as operators for two offshore wind blocks in a third major round of public auctions.

    The results of this round held under a law promoting wind power development, were closely watched by domestic and international energy companies weighing the advantages of renewable exposure, industry analysts said.
    Japan aims to accelerate offshore wind development as part of its decarbonisation strategy, targeting 10 gigawatts (GW) of offshore wind farm deals by 2030, and up to 45 GW by 2040.
    A consortium of JERA, Green Power Investment, and Tohoku Electric Power won the 615 megawatts (MW) wind farm on the southern side of the Japan Sea off Aomori prefecture, near Tsugaru city and the town of Ajigasawa.
    Another consortium, including Marubeni, Kansai Electric Power, BP’s unit BP IOTA, Tokyo Gas and local firm Marutaka secured the 450 MW wind farm off the coast of Yamagata prefecture near the Yuza town.
    Both bottom-fixed projects are scheduled to begin operations in June 2030, with turbines supplied by Spain’s Siemens Gamesa, a government statement said.
    In a previous auction round, Spanish utility Iberdrola and Germany’s RWE were among the winning consortiums of a separate offshore block.
    Earlier this month, BP and JERA agreed to join forces to form one of the world’s largest offshore wind operators, highlighting a trend of Japanese firms partnering with western players for expertise and growth, while foreign companies seek entry into Japan’s expanding renewable energy market.
    Japan’s government conducted its third round of offshore wind tenders from mid-January to mid-July, as it strives to meet its 2050 carbon-neutral target.
    A draft revised energy plan envisions renewables accounting for up to 50% of its electricity mix by fiscal 2040.
    However, surging development costs, supply chain issues and inflation have weighed on the offshore wind sector.

    Reporting by Yuka Obayashi; editing by Barbara Lewis – Reuters

    Related News

    China pushes ahead in battery technology race

    Africa’s solar boom: What businesses must do now to reap the benefits

    Otti to acquire EEDC assets in Abia power expansion plan

    Comments are closed.

    E-book
    Resilience Exhibition

    Latest News

    Nigeria advocates for global financial reform at 2025 UN Meetings

    May 9, 2025

    China pushes ahead in battery technology race

    May 9, 2025

    Gold rose amid geopolitical risks, investors await trade developments

    May 9, 2025

    Despite NPA’s intervention, export cargoes still stuck at EPTs for days

    May 9, 2025

    Nigeria recommits to fostering enabling environment for inclusive prosperity

    May 8, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.