Leading offshore wind developer Northland Power has signed an agreement with Japan’s Shizen Energy that will see them work together to develop early stage offshore wind development opportunities in Chiba Prefecture, Japan
Under the terms of the agreement, the partners will establish a 50/50 joint venture (JV), Chiba Offshore Wind, that will serve as the development vehicle for projects.
The JV is pursuing projects that have a combined capacity of approximately 600 MW.
Shizen Energy was founded in June 2011 and has contributed to the development of approximately 1 GW of renewable energy in Japan.
Japan’s offshore wind market is gaining momentum following the government’s commitment to increase the deployment of renewables and legislation that supports large-scale offshore wind development areas.
The Japanese government issued an updated Energy Supply Plan in July 2018, targeting 10 GW wind capacity (offshore and onshore) by 2030 as part of its ambition to reach a 22-24% renewable share of electricity generation by 2030.
Northland president and chief executive office Mike Crawley said “We are excited to partner with Shizen Energy, which marks Northland’s entry into the burgeoning Japanese offshore wind market.
“With Shizen Energy’s strong track record of developing and constructing renewable projects in Japan, and Northland’s success developing, constructing and operating offshore wind farms globally, we view this agreement as an excellent opportunity to combine the strengths of the two companies ...”