September 7 (Renewables Now) - French energy group Engie SA (EPA:ENGI) and Electric Power Development Co (TYO:9513), also known as J-Power of Japan, will collaborate on power projects, especially large-scale offshore wind, under a non-exclusive memorandum of understanding (MoU) announced by the Japanese company on Thursday.
The companies see offshore wind as a promising energy source to expand Japan's renewables and will work together to improve the competitiveness of the technology, including floating offshore wind, according to the announcement.
Engie, which has 2.5 GW of offshore wind under development and an interest in floating technologies, wants to use its experience in Europe to expand globally, including in Japan.
J-Power, on its part, is involved in an offshore wind project of up to 220 MW and in Kitakyushu City, Hibikinada District and said "its ambition is the further development of the offshore wind capacity in Japan and in Europe." Recently, the company took a 25% stake in German developer Innogy SE’s (ETR:IGY) 860-MW Triton Knoll offshore wind project in the UK, alongside Kansai Electric Power Inc (TYO:9503), which acquired 16%.
J-Power, which operates 18 GW of power stations, in April 2018 announced a target to develop 1,000 MW of renewable energy by 2025.
Besides offshore wind, J-Power and Engie will continue discussions for further collaborations on various projects in Japan, Europe and other locations, according to the announcement.