TEPCO and Ørsted form JV for offshore wind in Japan

The companies signed a memorandum of understanding to work jointly on offshore wind projects in January 2019 and have been working together to establish a framework and organisational structure for joint development of the Choshi project.

Having formalised their collaboration to develop the Choshi offshore wind project, they plan to submit a joint bid in the Round 1 auction once the Japanese Government officially designates the Choshi City offshore wind promotion area.

Ørsted chief executive Henrik Poulsen described the agreement as “a significant step in Ørsted and TEPCO’s efforts to deliver on Japan’s ambitions for domestic renewable power generation and a landmark moment for Ørsted’s market entry in Japan.”