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CIP and Tokyu Land Corporation partner for offshore wind in Japan

By: Tom Russell 14/07/2022 CIP

General Windfarms

Copenhagen Infrastructure Partners (CIP), on behalf of its fund Copenhagen Infrastructure IV K/S (CI IV), and Tokyu Land Corporation (TLC) are announcing a joint partnership to develop the Aomori South offshore wind project, located in northern Japan.

TLC and CI IV have established a new joint venture company, Aomori South Offshore Wind GK, which is developing the site in anticipation of participating in the upcoming auction.

The two companies stated that shareholders and the project team are working in close collaboration with local stakeholders and communities, with a focus on ensuring substantial benefits to the local and regional economy.

Aomori South was identified by the Japanese Government as a promising area for the development of offshore wind projects under the Act on Promoting the Utilization of Sea Areas for the Development of Marine Renewable Energy Power Generation Facilities.

The Japanese government is targeting 10 GW of offshore wind capacity by 2030 and between 30 to 45 GW by 2040 as part of its target to reach net-zero emissions by 2050.

For more information on offshore wind farms worldwide, click here.

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CIP and Tokyu Land Corporation partner for offshore wind in Japan

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