Wind Power Group, Tokyo Gas Co., and Vena Energy Holdings announced today the acceleration of the development of the Kashima Offshore Wind Project.
The Project is located in Kashima Port in the Ibaraki Prefecture, Japan, and has a maximum capacity of 159.6 MW covering an area of 680 hectares. The Kashima Offshore Wind Project is expected to commence construction in 2024.
The Project is a joint-venture among Wind Power Group, which has extensive experience as a local wind power generation company; Tokyo Gas, which is a reliable gas and power utility company supplying energy and service to customers mainly in Kanto region; and Vena Energy, which operates, constructs, and develops wind and solar projects in Japan and across the Asia-Pacific region.
The Kashima Port Offshore Wind Project will support the ‘2050 Carbon Neutrality’ strategy announced by the Japanese government. The strategy identified wind power as a key driver to achieve the targets of generating more than half of the country’s electricity from renewable energy sources by 2050, while decarbonizing and boosting the domestic economy.
“The Kashima Port Offshore Wind Project is a significant milestone for Vena Energy’s offshore wind strategy, and we are excited to accelerate the development of this project together with our partners,” said Nitin Apte, Chief Executive Officer of Vena Energy. “Japan is a key market for Vena Energy, representing the majority of our offshore wind pipeline and over a third of our 16 GW renewable energy portfolio across the Asia-Pacific region. We are fully committed to accelerating the energy transition in Japan, the sustainability of our host communities, and the preservation of the environment”.