Wind Energy – MoU Japan and Norway
Today the offshore wind organizations Norwegian Offshore Wind in Norway and JWPA in Japan signed an MoU in Tokyo.
The Memorandum of Understanding aims to get business going between offshore wind companies. Both Norwegian supply chain and developers are interested in the emerging Japanese market. Especially within floating projects, the potential for contracts is large.
“From our experience with bottom fixed we know that those who are early in the market will end up being leading. Therefore, it is important for Norway and Japan to collaborate at an early stage on the development of floating offshore wind,” says Arvid Nesse, manager of Norwegian Offshore Wind.
Per now, this Norwegian organization represents close to 370 companies, whereas Japan Wind Power Association (JWPA) has 559 companies and corporations.
Japan has 190 MW of offshore wind power now and has set a target to develop 10 GW by 2030 and 30-45 GW by 2040. 344 MW of 4 projects (including 1 floating project) is under construction. The winner of the 1.7 GW round 1 auction has been decided, 1.8 GW of Round 2 is currently in the bidding process, and a further 16 projects are in the pipeline now.