Two Floating Offshore Wind Pilot Projects Selected in Japan

Source: www.gulfoilandgas.com 6/11/2024, Location: Asia

Marubeni Corporation (hereinafter, “Marubeni”) and its subsidiary Marubeni Offshore Wind Development Corporation (hereinafter, “MOWD”) are pleased to announce that the Southern Akita Floating Offshore Wind Demonstration Project Aimed at Overseas Expansion via Cost Reductions (hereinafter, the “Project”), proposed by a consortium led by MOWD, has been awarded under the “Green Innovation Fund Project*/Cost Reductions for Offshore Wind Power Generation/Floating Offshore Wind Power Demonstration Project (Phase 2)” publicly solicited by the New Energy and Industrial Technology Development Organization (NEDO).

The consortium consists of MOWD as the leading company; Akita Floating Offshore Wind Corporation, a special purpose company in which Marubeni has invested; Tohoku Electric Power Co., Inc.; Japan Marine United Corporation; TOA CORPORATION; TOKYO SEIKO ROPE MFG. CO., LTD.; Kanden Plant Corporation; JFE Engineering Corporation; and NAKANIHON AIR Co., Ltd.

Offshore wind is expected to become a major power source of renewable energy due to its potential for large-scale generation capacity, cost reductions, and positive contributions to the local economy. In particular, the use of floating offshore wind is expected to grow rapidly as its power generation facilities can be installed in a wider range of sea areas, allowing for cost reductions at an early stage. NEDO’s “Cost Reductions of Offshore Wind Power Generation” project aims to establish a technology to commercialize floating offshore wind power generation at an internationally competitive cost level by fiscal year 2030 under specific conditions.

The Project is planned to deploy two units of over 15 MW wind turbine onsite at approximately 400 meters deep off the southern coast of Akita Prefecture. The project period will be from July 2024 to March 2031, with commercial operation scheduled to start in autumn 2029.

Marubeni Group has been participating in demonstration projects for floating offshore wind in Fukushima and Kitakyushu, and in 2022, secured seabed leasing rights in Scotland, UK, for the development of a floating wind project. By joining the Project, Marubeni aims to advance its Research and Development that contributes to cost reduction of floating wind as well as promote the development of projects and build a supply chain domestically and internationally to accelerate the adoption of floating wind, thus contributing to achieving carbon neutrality.

*A fund established by NEDO under the Ministry of Economy, Trade and Industry to support companies committed to ambitious goals toward achieving carbon neutrality by 2050, providing continuous support for research, development, demonstration, and social implementation for up to 10 years.


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