Tepco and Orsted set up joint venture for wind power
*This is a machine-translated text of the original article.
On March 18, TEPCO (Tokyo Electric Power Company Holdings Inc) and Ørsted A/S announced that they agreed to establish Choshi Offshore Wind Farm K.K., a joint venture to promote the Choshi Offshore Wind Power Project.
TEPCO and Ørsted signed a memorandum of understanding on the cooperation of offshore wind power in January last year (January 18, 2019) and have constructed a framework and system for joint development of offshore wind power projects off Choshi (a city in the Greater Tokyo Area).
In the future, through Choshi Offshore Wind Farm, the two companies will continue to develop the Choshi Offshore Wind Power Project in order to submit a public occupation plan after the government designates a promotion area off the coast of Choshi.
President and CEO of TEPCO, Mr Kobayakawa, commented as follows:
“The partnerships between TEPCO and Orsted have made great progress, and we are now ready for joint development to realize the Choshi Offshore Wind Project. The two companies agreed to establish an unprecedented framework that can effectively combine and leverage their strengths and expertise. I am convinced that this is the key to realizing the Choshi Offshore Wind Power Project.”
Henrik Poulsen, Orsted’s chief executive and president, said:
“Establishment of this joint venture is a key step in Orsted and TEPCO’s efforts to meet the Japanese renewable energy power expansion targets. In addition, this is an epoch-making moment for Orsted to enter the Japanese market and contribute to Japan becoming a major market for offshore wind power in the Asia-Pacific region.”
Original Text: https://ampmedia.jp/2020/03/19/tepco/