New investor for 700 MW Akita Yurihonjo offshore wind project
RENOVA has announced that Tohoku Electric Power has participated as a new joint investor in Akita Yurihonjo offshore wind project, located in Japan.
The Akita Yurihonjo Offshore Wind Power Generation Project (for which RENOVA is taking the leading role in the development) is planned to have a power generating capacity of approximately 700 MW, making it one of the largest offshore wind farms in Japan.
Currently, RENOVA is engaged in dialogues with local residents, fishermen and other local industries, while at the same time conducting environmental impact assessments and various other surveys. Construction works are expected to begin in 2021 and the new facility is expected to begin operation in 2024.
According to RENOVA, the impact of this project on its business results for the current fiscal period (the year ending March 31, 2019) will be minimal. The company operates its power generation businesses based on renewable energy resources such as solar, biomass, wind and geothermal energy that are enrooted in the local community.
Country news
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