The Marubeni Corporation, through the special purpose company Akita Offshore Corporation, has decided to implement the construction, operation, and maintenance of offshore wind farms at Akita Port and Noshiro Port in Akita Prefecture ) jointly with OBAYASHI CORPORATION, Tohoku Sustainable & Renewable Energy Co.Inc., Cosmo Eco Power Co., Ltd., The Kansai Electric Power Co., Inc., Chubu Electric Power Co., Inc., The Akita Bank, Ltd., Ohmori Co., Ltd., Sawakigumi Corporation, Kyowa Oil Co., Ltd., Katokensetsu.Co.Ltd, Kanpu Co., Ltd., and Sankyo Co., Ltd..
The Offshore Wind Farms are comprised of the bottom fixed offshore wind farm and the onshore substation and transmission lines and together are expected to be the first large-scale offshore wind power project in Japan established on a commercial basis.
The loan consists of project finance provided by multiple domestic and foreign financial institutions with MUFG Bank, Ltd., Mizuho Bank, Ltd., and Sumitomo Mitsui Banking Corporation jointly acting as the joint mandated lead arrangers.
The Offshore Wind Farm Project is a project to construct, operate and maintain the offshore wind farms with approximately 140 MW in total electric power to be sold to Tohoku Electric Power Co., Inc. for 20 years under a power purchase agreement based on the feed-in tariff program.
The construction of the onshore substations and transmission lines is expected to start in February 2020 and the commercial operations are expected to start in 2022. During operation, Noshiro Port will be the base port for operations and maintenance.
General Electric Steam Power has signed a deal with Hitachi Zosen Corporation to design, manufacture and supply the main parts of a power plant that will burn plant-derived biomass to produce 50 megaw...
Read moreEurus Energy Holdings Corp has announced the completion of the the 20.4 MW Eurus Ishinomaki wind project located on the ridge of Mt. Jyobon and Mt. Kagobo, in Ishinomaki city, Miyagi perfec...
Read moreResol Holdings Co., Ltd. has started the Full-scale operation of the 37 MW Fukushima Ishikawa Solar Power Plant that covers 72 hectares (177.9 acres) of land in Ishikawa city, Fukushima Prefecture. T...
Read moreJapan Renewable Energy (JRE) has completed the development of the 44 MW solar photovoltaic farm in the Fukushima Prefecture, Japan. The 44 MW Nishinosato Solar Park is located in the Nishi...
Read moreSB Energy Corp, in partnership with Mitsui Leasing Ltd, has announced to start the operations of 22.4 MW Softbank Miyazaki Kunitomi Solar PV park in Kunitomi City, on January 6, 2020. The Softbank Mi...
Read more