Japanese renewables developer Shizen Energy Inc and Taiwanese sector player Swancor Renewable Energy Co Ltd intend to set up a joint venture (JV) to develop offshore wind farm projects off Japan’s southern coast.
The duo said on Thursday it will focus on developing projects in waters across the region of Japan’s Kyushu island. The selected area has geologically challenging conditions that are very similar to those in Taiwan due to the effects of typhoons.
Swancor and Shizen Energy’s new company will bet on Swancor’s technological strengths and experience in developing offshore wind projects in Taiwan. The Taipei-based company has been involved in roughly 5 GW of offshore wind projects in its home country and is the owner of the country’s only operating offshore wind farm, the Formosa 1.
Shizen Energy, meanwhile, will contribute to the partnership with its capabilities in “introducing renewable energy that embraces local conditions.” The Japanese firm has developed around 1 GW of renewable energy schemes domestically.
Japan aims to lift the share of renewable energy generation to 36%-38% by 2030. The target includes plans to deploy 10 GW of wind power capacity, both offshore and onshore.
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