RWE, Mitsui, Osaka Gas Secure Japanese Offshore Wind-Farm Project

Dow Jones2023-12-13
 

By Nina Kienle

 

RWE said it has been selected together with Mitsui & Co. and Osaka Gas by the Japanese government to construct and operate a commercial-scale wind farm off the coast of two Japanese cities.

The Germany-based energy company said Wednesday that the consortium would develop, construct and operate the offshore wind farm off the west coast cities of Murakami and Tainai, Niigata Prefecture. Financial details weren't disclosed.

The project is planned to have a capacity of 684 megawatts and is expected to consist of 38 winds turbines, significantly contributing to Japan's renewable-energy targets. It will also support the creation of local jobs and strengthen domestic and regional supply chains.

This marks RWE's first success in an offshore-wind project in Japan, the company said.

Full commissioning is scheduled for June 2029.

 

Write to Nina Kienle at nina.kienle@wsj.com

 

(END) Dow Jones Newswires

December 13, 2023 06:27 ET (11:27 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment