Toda-led group wins auction for 16.8-MW floating wind project in Japan

A six-member group led by Toda Corporation (TYO:1860) has won a tender in Japan to build a 16.8-MW floating wind farm off the coast of Nagasaki Prefecture.

The consortium known as Goto City Offshore Wind Power Generation LLC consists of Toda, Osaka Gas Co Ltd (TYO:9532), Kansai Electric Power Co Inc (TYO:9503), Chubu Electric Power Co Inc (TYO:9502) and units of Eneos Holdings Inc (TYO:5020) and Inpex Corp (TYO:1605). It was the only bidder in the auction, which was launched a year ago. At the time it was announced that the tender was capped at JPY 36 (USD 0.33/EUR 0.27) per kWh.

The competition was the first one under a law adopted in 2019 to promote offshore wind developments. The government then designated specific areas suitable for offshore wind projects, enabling developers to use the zones for 30 years.

Late last year, the state also kicked off the first tender for the construction of bottom-fixed offshore wind parks in designated areas off Akita Prefecture -- Noshiro (Mitane Town and Oga City), Yurihonjo City North and Yurihonjo City South -- along with a site off Choshi City, Chiba Prefecture.

(JPY 10 = USD 0.908/EUR 0.750)

Choose your newsletter by Renewables Now. Join for free!