Related Articles
Japan is an emerging market for offshore wind
Forward article link
Share PDF with colleagues

Slow start for Japan’s offshore wind push

Grid constraints and local opposition present major obstacles to Japan’s plans for 45GW offshore wind by 2040

As offshore wind developers wait with bated breath for the publication of Japan’s full list of Round 1 tender winners, industry experts say a range of market challenges could slow the sector’s growth. Round 1 includes four zones for approximately 1.5GW capacity, with bids capped at ¥29,000/MWh ($259/MWh). This follows the auctioning off of a first site at Goto Islands, which was won by a floating wind development consortium led by Japanese construction company Toda.  Japan plans to ramp up development, targeting 10GW by 2030 and 30-45GW by 2040. It has opened £1.3bn ($1.7bn) for offshore wind financing through its Green Innovation Fund. The Ministry of Economy, Trade and Industry (Meti)

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Energy transitions for a sustainable future
1 December 2021
The challenge of meeting global energy demand while hitting net-zero targets will be at the core of this year’s World Petroleum Congress
Wintershall tests CO₂ in subsea gas pipes
30 November 2021
Existing offshore pipelines could be suited to transporting liquid CO₂, gas producer says
France must invest more in clean energy – IEA
30 November 2021
Government faces key decisions next year on modernisation of nuclear fleet and raising clean energy ambitions to align with EU goals, agency says
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
Featured Video