Mainstream Renewable Power, Aker Offshore Wind selected as PB for 800 MW Japanese floating offshore wind project sale

Aker Offshore Wind and Mainstream Renewable Power have together been selected as the preferred bidder to acquire an initial 50% stake in Progression Energy’s 800 MW floating offshore wind project in Japan.

The two companies will now enter into exclusive negotiations with Progression Energy with a view to establishing a Special Purpose Vehicle (SPV) in the coming weeks, to continue collectively developing the project. The project is a well-formed early-stage development asset.

As a consortium, the three companies bring together unique capabilities and experience through Aker Offshore Wind’s offshore and floating expertise, Mainstream’s global leadership position in offshore wind development and Progression Energy’s global floating offshore wind development experience and strong position in Japan.