• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 12 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 3 days Does Toyota Know Something That We Don’t?
  • 6 days OPINION: Putin’s Genocidal Myth A scholarly treatise on the thousands of years of Ukrainian history. RCW
  • 2 days World could get rid of Putin and Russia but nobody is bold enough
  • 1 day America should go after China but it should be done in a wise way.
  • 6 days CHINA Economy IMPLODING - Fastest Price Fall in 14 Years & Stock Market Crashes to 5 Year Low
  • 4 days China is using Chinese Names of Cities on their Border with Russia.
  • 6 days Russian Officials Voice Concerns About Chinese-Funded Rail Line
  • 4 days CHINA Economy Disaster - Employee Shortages, Retirement Age, Birth Rate & Ageing Population
  • 10 days huge-deposit-of-natural-hydrogen-gas-detected-deep-in-albanian-mine
  • 5 days Putin and Xi Bet on the Global South
  • 5 days "(Another) Putin Critic 'Falls' Out Of Window, Dies"
  • 6 days United States LNG Exports Reach Third Place
  • 6 days Biden's $2 trillion Plan for Insfrastructure and Jobs

Japan Launches Its First Large-Scale Offshore Wind Farm

Moves to unlock the full potential of Japan’s offshore wind industry are underway with the announcement of a task force set up to accelerate the sector’s development. Ambitions are to see the country’s renewables share increase from 16 percent to 24 percent by 2030 through a mixture of methods – hydropower being the most sizeable at 9.2 percent and wind coming in at 1.7 percent. 

The International Energy Agency said last year that by 2040 offshore wind power alone has the potential to meet Japan’s total power demand by over ninefold and the world’s total electricity demand by elevenfold. Further development of floating turbines could become the world’s mainstay power supply.

Marubeni Corporation is preparing to launch Japan’s first large-scale offshore wind power generation business. Traditionally wind farms in Japan have been small-scale operations but this 100-billion-yen ($894.4m) project will see around 33 turbines at the ports in Akita and Noshiro and be operational by the end of 2022. The two wind farms will have a combined capacity of 140MW and will comprise wind turbines installed on bottom-fixed foundations, and onshore substations. Ultimately it’s hoped the electricity generated by the wind farm will support around 47,000 homes. 

About 20-30 organizations are signing up, with the Japan Wind Association president Jin Kato proclaiming that 2020 will be ‘a turning point’ for the country’s offshore energy production. It follows last year’s legislation which permitted the first tenders to take place this year. 

This is an important project as it can serve as a template in the development of the sector going forward,” says Daniel Mallo, managing director and head of natural resources and infrastructure for Asia-Pacific at Societe Generale CIB, which acted as a senior lender in the transaction. “The project also demonstrates the spread of offshore wind farming is beginning to happen across the region.”

Related: Saudi Arabia’s Oil War Could Bankrupt The Kingdom

The barriers to driving the sector such as securing local consent for projects have been criticized by industry sources, who say it prevents them from achieving the potential that Japan has to offer. Yoshinori Ueda, a Japan Wind Energy Association board member said, “Taiwan decided to work on offshore wind after the Fukushima nuclear disaster and quickly surpassed Japan. Japan is slow. No other country spends as long as five years on environmental assessments. We are requesting that the government take a central role for spearheading offshore wind like in Europe, so that the private companies would only need to build turbines.”

The floating wind farm sector is expected to be worth between £32bn by 2030, and interest in developing the technologies is high. The Scottish Government recently funded a £1m competition, run by the Carbon Trust’s Floating Wind Joint Industry Project to kickstart work to commercialize the sector. One of the eight companies that shared the prize was Dublin Offshore. Its load reduction device sits partway up the mooring line and pivots in the water to reduce the movement of floating platforms during wave events. Director Darren Hayes told NCE"Floating Offshore Wind allows new regions the opportunity to take advantage of the benefits of offshore wind energy and is on the cusp of enormous growth which will contribute significantly to the decarbonization of our energy system".

By Precise Consultants 

ADVERTISEMENT

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News