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NEDO to support 270 MW of Japanese offshore wind through 2017

Adwen's 5-MW turbine offshore. Copyright: Adwen GmbH / J. Oelker.

January 19 (SeeNews) - Japan’s New Energy and Industrial Technology Development Organisation (NEDO) said on Monday it will support the development of 270 MW of offshore wind projects in Japanese waters.

NEDO intends to subsidise a part of the project costs associated with a 170-MW project close to the Port of Noshiro in Akita Prefecture that is being developed by local conglomerate Marubeni Corp (TYO:8002) and construction group Obayashi Corp (TYO:1802). In addition, the organisation plans to back a 100-MW development within the Ishikari Bay in Hokkaido Prefecture, undertaken by Green Power Investment.

NEDO noted it will subsidise the two projects through fiscal year 2017, which ends on March 31.

Apart from the financial support, the organisation will also help with certain assessments in connection with construction, operating costs and environmental impacts, it said in a statement on its website.

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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