JRE and wpd to co-develop Japanese wind farm

4C Offshore | Tom Russell
By: 07/09/2021 wpd
Japan Renewable Energy Corporation (JRE) and wpd AG group (wpd) have agreed that wpd will invest and co-develop the Saikai Enoshima offshore wind farm, being developed by JRE.

Green Giraffe advised JRE in the sale of a partial equity stake in the
Saikai Enoshima project to wpd. Green Giraffe acted as sole financial advisor to JRE in the sale.

The project would see installation and operation of an offshore wind farm with a maximum output capacity of 299.5 MW off the coast of Enoshima, Saikai City, Nagasaki Prefecture. JRE is currently conducting a range of studies, including environmental impact assessments, while holding dialogues with the local community and other stakeholders.

In July last year, the Ministry of Economy, Trade and Industry (METI) and the Ministry of Land, Infrastructure, Transport and Tourism (MLIT) designated the planned project area as one of four "promising sea areas" under the Act on Promoting the Utilization of Sea Areas for the Development of Marine Renewable Energy Power Generation Facilities. Currently a council is established toward designation as a project target area.

JRE and wpd believe that their partnership, as the two companies work actively to advance their respective renewable energy businesses, will further enhance the project’s feasibility, via their respective knowledge related to development and operation of the power generation business as well as the managerial resources, in addition to constructing a framework for ensuring stable power supply while maintaining ongoing dialogues.

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