Six Companies Plan Large Offshore Wind Investment in Japan

Six Japanese companies plan to invest GBP 962 million in offshore wind projects at the coastal area of the Kyushu region in the southern part of the country.

According to GT Global Trader news site, Toshiba Corp, Hitachi Zosen Corp, JFE Steel Corp, Sumitomo Electric Industries Ltd, Toa Corp and Toyo Construction Co. Ltd. will raise the investment funds by setting up a special-purpose company and project financing.

They aim to generate approximately 300 MW, supposedly through ‘wind lens’ turbines.

Test installations will be built by 2016 and further construction is expected to develop over the following six years.

[mappress]

Offshore WIND staff, September 5, 2012; Image: Kyushu University