Danish power company Ørsted (former DONG Energy) and Japanese power group Tokyo Electric Power Company (TEPCO) have signed a memorandum of understanding (MoU) to work jointly on offshore wind projects in Japan. The partnership will combine TEPCO's expertise in the Japanese power business and Ørsted’s track record in the offshore wind sector.
In particular, they will develop together the Choshi offshore wind project in the Chiba Prefecture, for which TEPCO has been carrying out a seabed survey since November 2018. Choshi is a promising site for the development of a potential offshore industry in Japan. The location of the project is not far from Japan’s first offshore wind power generation facility, which was built in 2013. TEPCO plans to invest approximately JPY1,000bn (US$9.2bn) in a new 1,000 MW offshore wind project, consisting of 200 wind turbines rated 5 MW each. Construction could start as early as fiscal 2019 (April 2019-March 2020). Power generation would be sold through the existing feed-in tariff (FIT) system.
TEPCO expects to increase its renewable energy production and hit the 7 GW wind power capacity target in Japan so that it can make up for the future costs of decommissioning its nuclear reactors or removing remaining radioactive substances following the accident at its Fukushima Daiichi power plant.
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