Marubeni Picked to Build Two Offshore Wind Projects in Japan

(Bloomberg) — Marubeni Corp. will build two offshore wind
farms with a combined capacity of 145 megawatts in the northern
prefecture of Akita, the local government said in a statement
today.

The Tokyo-based trading company will build a 65-megawatt
station near the Akita port and a 80-megawatt farm near the
Noshiro port, according to the statement. The projects will
begin operations as early as 2021.

Obayashi Corp., Eco Power Co., Akita Bank, and Hokuto Bank
will also take part in the projects, the prefecture said.

Japan is promoting clean energy such as wind and solar
through an incentive program introduced in July 2012. To boost
offshore wind, the government set a separate tariff last year
for the technology higher than the rate for onshore wind.

To contact the reporter on this story:
Chisaki Watanabe in Tokyo at
cwatanabe5@bloomberg.net

To contact the editors responsible for this story:
Will Wade at
wwade4@bloomberg.net
Iain Wilson, Andrew Hobbs

About BloombergNEF

BloombergNEF (BNEF), Bloomberg’s primary research service, covers clean energy, advanced transport, digital industry, innovative materials and commodities. We help corporate strategy, finance and policy professionals navigate change and generate opportunities.

Available online, on mobile and on the Terminal, BNEF is powered by Bloomberg’s global network of 19,000 employees in 176 locations, reporting 5,000 news stories a day.
 
Sign up for our free weekly newsletter →

Want to learn how we help our clients put it all together? Contact us