Japan is fast tracking its offshore wind energy programs to achieve decarbonization, awarding two major wind farm projects to chosen consortiums, according to Reuters.
As part of its third public auction round, the island nation’s industry and land ministries selected two consortiums to operate offshore wind farms. The projects awared are part of Japan’s efforts to decarbonize. The country intends to expand its renewable energy production under its 2050 carbon neutral strategy.
One consortium comprises JERA, Green Power Investment, and Tohoku Electric Power. They secured a 615 MW wind farm in the Japan Sea near Aomori Prefecture. The second consortium includes Marubeni, Kansai Electric Power, BP’s BP IOTA, Tokyo Gas, and Marutaka.
They will manage a 450 MW wind farm off Yamagata Prefecture’s coast near Yuza town. Both projects are expected to begin operations in June 2030.
Also read: Tokyo Metro and JERA Group Partner on Solar Virtual Power Purchase Agreement for Zero Emissions
Offshore Wind Targets
The government intends to finalize 10 GW of offshore wind deals by 2030 and 45 GW by 2040. Offshore wind energy forms part of the renewable energy plan of Japan.
The renewable energy plan of the island nation involves incorporating 50% renewables in its electricity mix by fiscal 2040.
But there are factors that act as a hindrance to the plan. Rising development costs, supply chain issues and inflation are among the hindering factors.
Collaborations for Renewable Energy Expertise
Recently, there is a trend that is growing in the offshore industry. The trend involves Japanese firms partnering with Western companies to gain offshore wind expertise. For instance, BP and JERA announced a partnership to create one of the world’s largest offshore wind operators.
Japan’s third tender round, conducted between January and July, reflects its commitment to expanding offshore wind capacity. Despite challenges, these projects strengthen Japan’s position in renewable energy development and contribute to global decarbonization goals.