Sustainable Business

Kansai Electric, RWE to explore floating offshore wind project in Japan

2 minute read
Register now for FREE unlimited access to reuters.com

TOKYO, Aug 23 (Reuters) - Japanese utility Kansai Electric Power Co Inc (9503.T) and German utility RWE (RWEG.DE) have agreed to jointly study the feasibility of a large-scale floating wind project off the Japanese coast, the companies said on Monday.

Japan's offshore power market is expected to take off after the government brought in a law in 2019 to encourage the development of wind farms.

The government aims to install as much as 45 gigawatts (GW) of offshore wind power by 2040 in a bid to achieve its goal of carbon neutrality by 2050. read more

Register now for FREE unlimited access to reuters.com

"We see great potential for floating wind farms worldwide, especially in countries with deeper coastal waters, like Japan," Sven Utermohlen, chief operating officer for Offshore Wind at RWE Renewables, said in a statement.

RWE is working on three floating demonstration projects in Norway, Spain and the United States to test different concepts for floating foundations, and is studying the feasibility of bottom-fixed offshore wind projects in various regions of Japan.

Kansai Electric is working to develop more than 2 GW of new renewable energy sources, with the goal of increasing its installed capacity to 6 GW worldwide by the 2030s.

The Japanese utility is also eyeing the development of offshore wind projects in several Japanese regions including the Akita, Yamagata and Nagasaki prefectures, and is involved in two offshore wind projects in Europe, including one in collaboration with RWE.

Register now for FREE unlimited access to reuters.com
Reporting by Yuka Obayashi; Editing by Jan Harvey

Our Standards: The Thomson Reuters Trust Principles.

More from Reuters