Shizen Energy and Northland Power to Establish JV for Offshore Wind Projects in Japan

Shizen Energy and Northland Power have signed an agreement to work together to develop early stage offshore wind development opportunities in Chiba Prefecture, Japan. Under the terms of the agreement, the partners will establish a 50:50 joint venture (Chiba Offshore Wind Inc.), which will serve as the development vehicle for the projects. The joint venture is pursuing projects that have a combined capacity of approximately 600 MW.
Shizen Energy and Northland Power to Establish JV for Offshore Wind Projects in Japan

Japan’s offshore wind market is gaining momentum following the government’s commitment to increase the deployment of renewables and the passing of the legislation that supports large-scale offshore wind development areas. The Japanese government issued an updated Energy Supply Plan in July 2018, targeting 10 GW wind capacity (offshore and onshore) by 2030 as part of its ambition to reach a 22-24 percent renewable share of electricity generation by 2030.

Northland Power has a global fleet of assets generating in excess of 2.4 GW, with operating facilities in Canada, Latin America, and Europe. In addition, Northland has a project pipeline of 1.4+ GW under construction and advanced development, including Asia, where it owns a 60 percent equity stake in the 1,044 MW Hai Long project under development in Taiwan.

Shizen Energy has contributed to the development of approximately 1 GW worth of renewable energy in Japan and is expanding its portfolio to include solar, onshore & offshore wind, biomass and hydro power generation.

“We are excited to partner on this joint venture with Shizen Energy, which marks Northland’s entry into the burgeoning Japanese offshore wind industry,” stated Mike Crawley, President and Chief Executive Officer of Northland.

Masaya Hasegawa, Shizen Energy’s Representative Director, commented: “‘Taking action for the blue planet’ is our company’s foremost priority, and we hope to pass the blue planet on to the future generations. To achieve this goal, we aim to grow as a company and cooperate with other businesses worldwide to shape our common future. We strongly believe that our partnership with Northland will allow us to put that vision into action and bring us a step closer to making a positive impact on the future of our blue planet.”

Photo: Masaya Hasegawa, Representative Director of Shizen Energy and David Povall, Executive Vice President, Development of Northland


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