Japan

Partnership on 700MW offshore wind project in Japan

Japanese Utility Tohoku Electric Power (TEP) has invested in the Akita Yurihonjo offshore wind project in Japan. The project is scheduled to have a power generating capacity of approximately 700MW, making it one of the largest offshore wind farms in Japan. The leader of the offshore project is Renova.

Trio establishes Japan’s first offshore wind energy fund

Sumitomo Corporation, Sumitomo Mitsui Banking Corporation and Development Bank of Japan have established their first fund through Spring Infrastructure Capital, a fund management company jointly established by the three companies. The Fund raises money from Japanese investors and finances and invests in offshore wind power projects overseas.

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