DEME Offshore and Penta-Ocean establish joint venture to develop Japan’s flourishing offshore wind industry

DEME Offshore and Japan’s leading marine contractor Penta-Ocean Construction Co., Ltd., have announced they have agreed to establish a joint venture company to focus on the construction of offshore wind farms in Japan.
DEME Offshore and Penta-Ocean establish joint venture to develop Japan’s flourishing offshore wind industry
Courtesy of DEME Group

The new JV brings together DEME Offshore’s marine engineering knowledge and decades of experience in the renewables sector, with the highly specialised marine construction technology of Penta-Ocean. The partners are currently in the process of establishing the Joint Venture company, whereby 51 percent of the shares will be owned by Penta-Ocean and 49 percent by DEME Offshore.

New regulations concerning wind power energy generation at sea, as well as in port and harbour areas, have been introduced in the country and the first wind farm auction round is expected to take place this year.

Japan has ambitious targets to develop 10 GW of offshore wind power by 2030. While the country has very favourable wind conditions, it also has challenging subsoils, which can be a mixture of sand and rocks.

“These complex conditions often mean that drilling expertise is necessary at offshore wind farm locations” said Niels van Berlaer, Business Unit Director Asia-Pacific DEME Offshore. “But both companies have these skills in-house, given their dredging activities. By bringing these two leading companies together, we believe we can make a significant contribution to the long-term development of the offshore wind sector in Japan. Demonstrating our confidence in the vast potential of the Japanese market, and our willingness to support the sector, we are also considering bringing DEME Offshore equipment into Japan.”

Tetsunori Ohshimo, Senior Managing Executive Officer, Head of Offshore Wind Farm Business Division Group, Penta-Ocean, added that the new JV company will be a leading specialised offshore marine engineering contractor in Japan, combining the partners extensive experience and advanced technologies both in Europe and Japan.

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DEME Offshore

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