J-Power, SymEnergy to co-invest in another 21-MW wind project

Japanese electric utility Electric Power Development Co Ltd (TYO:9513), known as J-Power, said on Tuesday it will accept the entry of compatriot SymEnergy Inc in a 21-MW wind project.

SymEnergy Inc will be in charge of 30% of the investment in Ishikari Green Energy Co Ltd, the vehicle that holds the Ishikari-Hachinosawa Windfarm project in Hokkaido Island. Ishikari Green was established on June 7, 2021, by J-Power’s wholly-owned subsidiary J-Wind Co Ltd.

Construction works for the new wind park are planned to commence this financial year, while commercial operations are expected to start in fiscal 2023.

The wind park will be comprised of five 4.2-MW wind turbines supplied by General Electric (NYSE:GE), J-Power points out in the press release.

Overall, this is the second time J-Power and SymEnergy team up to develop a wind project in Hokkaido Island. Last month, the companies announced a similar partnership for the 21-MW Esashi Green scheme.

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