A Japanese company with an extensive power generation business including renewables such as wind, solar and biomass is investigating the feasibility of an offshore windfarm off the coast of Choshi in Chiba prefecture.
Orix Corporation said it has begun a seabed survey off the coast of Choshi as part of a feasibility study for the offshore wind project. It joins Japanese power company Tepco in investigating the feasibility of an offshore windfarm off Choshi.
Orix said it is actively expanding its portfolio of power projects to make greater use of renewable sources such as solar, geothermal, wind and biomass. It has been investing in onshore wind for some time.
The company operates a diverse portfolio of businesses, including energy, private equity, infrastructure, ships and aircraft, real estate and retail financial services and has established operations in more than 30 countries.
In January 2019, offshore wind developer Ørsted confirmed it had signed a memorandum of understanding with Tepco to work jointly on offshore wind projects in the same region. Tepco said it had also been carrying out a seabed survey to examine the feasibility of an offshore wind project.
In November 2018, the Japanese Government passed a bill which sets a national framework for developing offshore wind. Under the law, the government will set aside offshore areas for wind power projects. Developers will then bid to use the designated areas and successful bidders will be given the right to use the zones for up to 30 years.
The legislation was a crucial step for Japan’s future energy strategy, sending a strong signal that the government is committed to long-term investment into offshore wind.