Toshiba, General Electric to build offshore wind equipment supply chain in Japan-Nikkei

Toshiba

15/07/2023 10:27

TOKYO, July 15 (Reuters) - Japan's Toshiba  6502.T 
plans to establish a domestic supply chain for offshore wind
power equipment together with U.S. manufacturer General Electric
 GE.N , Nikkei reported on Saturday, as Japan is expanding in
renewable energy in a zero-carbon push. 
    Japan's offshore wind power market is set to grow as the
government aims to install up to 10 gigawatts (GW) of offshore
wind capacity by 2030, and up to 45 GW by 2040, as part of its
decarbonisation push.
    Last month, the government finished accepting bids for the
second round of offshore wind power tenders to build 1.8 GW of
capacity in four areas, with results yet to be announced. First
round of 1.7 GW capacity was won by Mitsubishi  8058.T  in 2021.
   
    According to Nikkei, the equipment supply chain would
involve around 100 small and medium-sized companies with focus
on the areas where offshore wind capacity should be installed. 
    Toshiba plans to start production in 2026, Nikkei added. 
    In 2021, Toshiba and GE announced a strategic partnership to
localise GE's Haliade-X offshore wind turbines manufacturing in
Japan, as the U.S. company wants its technology to be as
competitive as possible in Japan's offshore wind auctions. 
    GE will manufacture a total of 134 wind turbines with 13 MW
capacity each for the three offshore wind projects won by the
Mitsubishi-led consortiums in the first round, which Toshiba
will then assemble, according to Japan Wind Power Association.  

 (Reporting by Katya Golubkova; Editing by Michael Perry)
 ((ekaterina.golubkova@thomsonreuters.com;))