Gas Co., Ltd. and Acacia Renewables K.K., part of Macquarie Group, have
signed an agreement to cooperate on the development of offshore wind power
generation in Japan. The two companies have commenced studies related to
a specific project in Japan.
4C Offshore estimates that ~2.9 GW of offshore wind could be underway in
Japan by 2030, based on projects in the pipeline. Later this year, the
Japanese government is expected to launch it first offshore wind auction,
with winners to be announced by the end of the year.
Osaka Gas has set the goal of developing and acquiring 1,000 MW of renewable
energy power generation by fiscal 2030, and is targeting to developing
more energy power resources. Currently, Osaka Gas is developing and operating
over 600MW of renewable energy projects and owns eight onshore wind farms
in Japan with a combined capacity of approximately 140MW.
Acacia is Macquarie’s Japanese renewable energy development platform and
currently has several onshore and offshore wind projects under development
across Japan. Furthermore, Macquarie has participated in 16 offshore wind
projects overseas, including the development of Formosa
Taiwan's first commercial offshore wind project, where together with Formosa
2 and Formosa
3 could deliver
up to 2.5GW of energy in Taiwan.
March 2020), Macquarie’s subsidiary Green Investment Group signed an agreement
with Japanese consortium JERA Co., Inc. and EnBW Energie Baden-Württemberg
AG for Formosa
the agreement, JERE acquired a 43.75% share of the project. Both GIG (31.25%)
and EnBW (25%) hold the remaining interest in the project.
For more information on offshore wind
farms worldwide, click