Itochu, Tokyo Gas Eye Bids for Japan's Offshore Wind Farm Auction

Yuka Obayashi
Thursday, June 29, 2023

Itochu Corp, Tokyo Gas Co Ltd, and other companies are considering bidding in the second round of the Japanese government's auction of offshore wind power projects, the Nikkei business daily reported on Thursday. 

In December, Japan resumed public auctions of offshore wind farm projects under revised rules aimed at encouraging a wider range of operators and accelerating the development of infrastructure. 

The latest auction covers four areas capable of generating 1.8 gigawatts (GW) of wind power, including the 356 megawatt (MW) farm in Happo-Noshiro, off Akita prefecture in northern Japan. 

Around 20 companies are expected to participate in the auction, with the total cost of the project, which is not disclosed, estimated at 1 trillion yen ($6.9 billion), the Nikkei said. Based on public information related to environmental impact assessments and interviews with the companies, Itochu, Tokyo Gas, as well as Tokyo Electric Power Company Holdings (Tepco), Eneos Holdings and Mitsui & Co are considering submitting bids, the paper said. 

Tokyo Gas is looking to bid for one area in Akita, while Itochu is jointly studying with power generator JERA submitting bids for two areas, the Nikkei said, adding Tepco was considering bidding for two areas in Akita.

 Itochu, Tokyo Gas, Tepco, Eneos, and JERA declined to comment on the auction. Mitsui was not immediately available for comment. 

The auction runs until Friday, with the result expected by the end of March. Japan's offshore wind power market is set to grow as the government has set a goal of installing up to 10 GW of offshore wind capacity by 2030, and up to 45 GW by 2040. 

($1 = 144.3400 yen) 

(Reuters - Reporting by Yuka Obayashi/Editing by Mark Potter)

Categories: Renewable Energy Industry News Offshore Wind Activity Asia Renewables Energy

Related Stories

Vantris Energy Lands Petronas Job on Malaysia’s Offshore Fields

Viridien Kicks Off Multi-Client Reimaging Program off Malaysia

Petronas, CNOOC Ink LNG Sale and Purchase Agreement

CNOOC Makes Major Oil Discovery in Bohai Sea

Indonesia Tenders Eight Oil and Gas Blocks as Output Declines

Fugro Nets Mubadala Energy’s Deepwater Gas Job in Asia

Technip Energies Gets On Board Thailand’s First CCS Project

Eni Makes Significant Gas Discovery Offshore Indonesia

Eneos Warns on Skyrocketing Costs fo Offshore Wind

Mooreast to Assess Feasibility of Floating Renewables Push in Timor-Leste

Current News

Vantris Energy Lands Petronas Job on Malaysia’s Offshore Fields

Murphy Oil Appraisal Well Boosts Resource Outlook at Field off Vietnam

Viridien Kicks Off Multi-Client Reimaging Program off Malaysia

Petrovietnam Agrees First-Ever LNG Term Deal with Shell

ADNOC Takes FID on SARB Deep Gas Project Offshore Abu Dhabi

Jereh Group Delivers Oil Separation Systems for Petrobras’ FPSO Units

Offshore Rig Outlook: As 2025 Challenges Fade, Path Ahead Brightens

Offshore Energy and Boosting the Energy Efficiency of Water Processes

Low Demand, High Supply Keeps Asia LNG Spot Prices Flat

Following Big Loss in 2025, Oil Steadies

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