Japan's Marubeni starts commercial operation at Akita offshore wind farm

OBAYASHI

31/01/2023 08:52

Jan 31 (Reuters) - Japanese trading firm Marubeni Corp
 8002.T  started commercial operation based on the feed-in
tariff program for renewable energy at Akita Port offshore wind
farm on Tuesday, it said in a statement. 
    Japan's offshore wind power market, part of the country's
goal to be carbon neutral by 2050, is set to grow as the
government eyes installing up to 10 gigawatts of offshore wind
capacity by 2030, and up to 45 gigawatts by 2040.
    Marubeni's 100 billion yen ($768 million) project of two
wind farms with 140 megawatt capacity at Akita Port and Noshiro
Port in northern Akita prefecture is Japan's first large-scale
commercial offshore wind power project.
    With its Noshiro Port offshore wind farm operating since
late December last year, the launch of the Akita Port farm
brings the project to the full-scale operation, Marubeni said. 
    Power from the two wind farms will be sold to Tohoku
Electric Power for 20 years under a power purchase agreement
based on the feed-in tariff program. 
    Marubeni's 12 partners include Obayashi Corp, Tohoku
Sustainable & Renewable Energy Co, Cosmo Eco Power Co, Kansai
Electric Power Co and Chubu Electric Power Co.    
($1 = 130.2900 yen)
 (Reporting by Katya Golubkova, Editing by Louise Heavens)
 ((ekaterina.golubkova@thomsonreuters.com))