Wind energy – Japan
Japanese shipping giant Mitsui OSK Lines (MOL) has agreed with Edinburgh-based developer Flotation Energy to jointly evaluate floating offshore wind opportunities in Japan, which has set a 45 GW offshore wind by 2040.
The agreement builds on the 2 GW portfolio of offshore wind floater projects in Japan being developed by Flotation Energy, starting with Niigata and followed by other areas. As part of the agreement, MOL will jointly develop the local supply chain and Flotation Energy will manage overall project development.
“UK and Japan have a lot of similar background, both are island countries with limited energy resources, and the UK is ahead of Japan on offshore wind farm development. With Flotation Energy, who has vast experience in developing offshore windfarms in UK and internationally, MOL believes that this collaboration would accelerate the floating offshore wind farm development in Japan market,” said Hirofumi Kuwata, managing executive officer, deputy director general at MOL’s energy and offshore business unit.