In an effort to enhace decarbonization and reach net-zero emissions by 2050, Tokyo Gas Co plans to establish one of Japan’s largest offshore wind projects.
In fact, Tokyo Gas entered a joint venture develeoped by Shizen Energy and Northland, so as to explore offshore wind projects in Chiba Prefecture, Japan.
In conjunction with this alliance, each of the partners will be a shareholder of Chiba Offshore Wind Inc. (COW), the development vehicle for the projects.
Through their collaboration, partners plan to build a 600-megawatt facility off the coast of Chiba prefecture, east of Tokyo, if they gain approval from the government.
The company will continue expanding its renewable power business, both domestically and overseas, to achieve its renewable power transaction volume target of 5GW by 2030. The aim of the company is to achieve its “Net Zero CO2” objective as set out in the Group Management Vision, “Compass 2030”.
…Tokyo Gas stated.
As explained, under the terms of the joint venture, Northland Power will offer its extensive expertise and experience in offshore wind development, while Shizen Energy will contribute to the development of renewable energy.
