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Japanese utility JERA has entered into an agreement with Macquarie Capital and Swancor to acquire a combined 32.5% equity interest in the Formosa 1 offshore wind power project located off the north-western coast of Taiwan.
Japan’s Ministry of Economy, Trade and Industry (METI) and the Ministry of Land, Infrastructure, Transport and Tourism (MLIT) are launching a new working group to start discussions on standards for maintenance and management of offshore wind projects.
Following the Japanese Government’s approval of a new offshore wind bill that will be put into effect in the spring of 2019, the Carbon Trust welcomed the move, saying that this was a crucial step for Japan’s future energy strategy.
A bill promoting the commercial use of offshore wind in Japanese waters has passed both houses of Japan’s National Diet.