Japan opens bids for floating wind farm auction: report

Auction winners will be selected in June 2021.

Japan officially launched its effort to seek participants in the nation’s first auction for a floating offshore wind farm, according to a report from Bloomberg.

The nation’s economy and land ministries will select the winner of the auction around June 2021 to construct floating turbines off the southern prefecture of Nagasaki. The deadline for bidding in the auction will be on 24 December.

Winning bidders will be chosen after consulting with experts on the feasibility and efficiency of the proposed business plans, according to a spokesman of the Ministry of Economy, Trade and Industry.

The capacity of the floating farm must be a minimum of 16.8MW whilst the feed-in tariff for the farm is set at $0.34 (JP¥36) per kilowatt hour.

The auction will be the first under Japan’s offshore wind promotion law, which took effect 1 April, 2019, as the nation aims to achieve the target of boosting renewable energy to 24% of its total power generation by 2030, from about 17% in 2019.

Here’s more from Bloomberg.

Also Read

ADB grants $15m to boost Tajikistan’s grid upgrade

Eco Wave enters Asian market with onshore wave project in Taiwan

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit