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Japan to resume offshore wind auctions in December with revised rules

Monday, November 21 2022

Wind Energy – Japan

Japan plans to resume public auctions for offshore wind power projects in December under revised rules aimed at encouraging a wider range of operators and accelerating the development of infrastructure.

Offshore wind turbines operate at the Tamra Offshore Wind Power in Jeju, South Korea, on Saturday, Jan. 15, 2022. With wind, water and an environmentally friendly economy, Jeju Island could have been a perfect place to get off fossil fuels. But more than halfway through its initiative ? making the Island completely independent of fossil fuels in 10 years ? Jeju is way behind.

The schedule for the second major round of auctions to select operators for four new areas capable of generating 1.8 gigawatts (GW) of offshore wind power a year was presented by the ministry to a committee of experts to discuss ways to promote renewable energy.

As part of Japan’s decarbonization strategy, the government plans to install up to 10 GW of offshore wind capacity by 2030 and up to 45 GW by 2040.

But an auction for the Happo-Noshiro area in northern Japan was abruptly suspended in March after complaints from businesses about the lack of clarity around the bidding process.

The criticism increased after the government last December selected three consortium, all led by Mitsubishi Corp., to operate the three areas in the first major round of offshore auctions.

After lengthy discussions and many public comments, the industry and land ministries amended the bid rules late last month, giving a higher evaluation score to operators that submit earlier start-up dates and setting a 1 GW limit on bids that one consortium can win when multiple ocean areas are auctioned.

To discourage a focus on price alone, the evaluation process will give all bids below the market an equal score in their assessment on price.

Global companies, including Denmark’s Ørsted and Germany’s RWE, have shown interest in the Japanese market, but industry sources say the limit on how much one group can win is discouraging because it reduces the potential for economies of scale.

Related posts:

  1. Fred. Olsen Ocean partners with Shimizu from Japan
  2. SSE Renewables closes agreement to form Japanese offshore wind company
  3. Sumitomo Electric and Seaway 7 collaborate on OWF projects in Asia-Pacific
  4. Aker and Mainstream close transaction offshore wind development Japan

Filed Under: auction, International News, Japan, Windenergy Tagged With: japan, Wind lease auction


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