Japan's Emerging Offshore Wind Market Attracting Norwegian Supply Chain and Developers

Tuesday, March 14, 2023

Offshore wind organizations Norwegian Offshore Wind in Norway and JWPA in Japan signed an MOU in Tokyo to get business going between the two countries' offshore wind companies. 

"Both the Norwegian supply chain and developers are interested in the emerging Japanese market. Especially within floating projects, the potential for contracts is large," Norwegian Offshore Wind said.

"From our experience with bottom fixed we know that those who are early in the market will end up being leading. Therefore, it is important for  Norway and Japan to collaborate at an early stage on the development of floating offshore wind," says Arvid Nesse, manager of Norwegian Offshore  Wind.

Currently, the Norwegian organization represents almost 370 companies, while Japan Wind Power Association (JWPA) represents 559 companies and corporations.

Japan currently has 190 MW of offshore wind power capacity, and has set a target to develop 10 GW by 2030 and 30-45 GW by 2040. Some 344 MW of 4 projects (including one floating project) are under construction. 

The winner of the 1.7 GW round 1 auction has been decided, 1.8 GW of Round 2 is currently in the bidding process, and a further 16 projects are in the pipeline now

 "Both of our organizations have the broadest offshore wind industry representation in our two countries. We have always had very good relations to Japan, and with this MOU we are committing to an even closer and more targeted collaboration, comments Nesse.

Several Norwegian companies are in Japan this week for the Wind Expo in Tokyo.  In May, a delegation from Japan is expected to the international event for the floating wind industry, Floating Wind Days in Haugesund, to be opened by the Norwegian prime minister. 

Categories: Energy Renewable Energy Industry News Offshore Wind Activity Asia

Related Stories

Seascape Energy Expands Temaris Gas Acreage Offshore Malaysia

Eni Agrees Indonesian Gas Asset Sales to Pertamina and Medco

Iran Weighs US Response as Hormuz Reopening Talks Stall

ADNOC Signs Multi-Year LNG Supply Deal with Thailand’s Gulf Group

Iran Set to Keep Hormuz Shut Until Seven Demands Are Met

Inpex Buys Into Two BP-Operated Indonesian Offshore Blocks

Kazakhstan Resumes Action to Collect $5.2B Kashagan Field Fine

SBM Offshore Taps Chinese Contractor for FPSO Topside Modules

Finder Energy Clears Environmental Hurdle for Timor-Leste Oil Project

TotalEnergies, SOCAR, XRG Greenlight Absheron Field Expansion in Caspian Sea

Current News

Inpex-Led Bonaparte CCS Project Gets Australian Offshore Storage Approval

Seascape Energy Expands Temaris Gas Acreage Offshore Malaysia

Oil Markets Brace for Years of High Prices as Iran War Drags On

Seadrill Secures Offshore Drilling Deals Across Four Countries

Jack-Up Rig Arrives in Indonesia for Conrad Asia Energy's MOPU Conversion

Murphy Oil Finds More Oil Offshore Vietnam, Côte d'Ivoire

Oil Caught Between Trump's Russia Supply Push and Middle East Risks

Eni Agrees Indonesian Gas Asset Sales to Pertamina and Medco

Riyadh Attacks Disrupt Oil Majors' Summit Plans

Iran Weighs US Response as Hormuz Reopening Talks Stall

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com