Northland Power and Shizen Energy have confirmed that Tokyo Gas has joined the joint venture they established in 2019 to develop offshore wind projects in Chiba Prefecture, Japan.
In conjunction with the alliance, each of the partners will be a shareholder in Chiba Offshore Wind (COW), the development vehicle for the projects.
When the joint venture was first launched in 2019, the partners said they were pursuing projects with a combined capacity of approximately 600 MW.
Management and employees from each of the three companies are working together on the projects, with a combined team of more than 30 people.
COW is developing projects off Chiba Prefecture and hoping to achieve ‘promising area designation.’
Tokyo Gas is Japan’s largest provider of city gas with a proven track record of supplying energy to many customers, mainly in the Tokyo metropolitan area.
The company plans to continue expanding its renewable power business, both domestically and overseas, to achieve a renewable power transaction volume target of 5 GW by 2030.
The aim of the company is to achieve its ‘Net Zero CO2’ objective as set out in the group’s Compass 2030 vision document.
Northland Power is well known as a developer, owner and operator of sustainable infrastructure assets, having extensive expertise and experience in offshore wind development. Shizen Energy has contributed to the development of approximately 1 GW worth of renewable energy domestically and overseas.