Joint Feasibility Study for the Development of an Off-shore Wind Farm at Akita and Noshiro Ports in Akita Prefecture
July 27, 2016
Chubu Electric Power Co.,Inc.
This is to announce that Chubu Electric Power Co., Inc. , along with Marubeni Corporation, Obayashi Corporation, Tohoku Sustainable & Renewable Energy Co., Inc. (Note) , Eco Power Co., Ltd., The Akita Bank, Ltd., The Kansai Electric Power Co. Inc., Ohmori Co. Ltd., Akimoku Steel Casting Co., Ltd., Kato Construction Co., Ltd., Kanpu Inc., Kyouwa Oil Co. Ltd., Sawakigumi Co., Ltd., and Sankyo Co., Ltd. ("Joint Project Partners"), 14 companies in all, have mutually agreed to jointly implement a feasibility study for the development of an "off-shore wind farm at Akita and Noshiro Ports" ("this project") advertised by Akita Prefecture.
This project was advertised by the Akita prefecture government for off-shore wind farm operators at Akita and Noshiro ports with the aim of expanding renewable energy and promoting the industry within the prefecture. Marubeni Corporation was selected as a business operator on February 05, 2015.
At present, the plan assumes a bottom-fixed off-shore wind farm with a total power output of 145 MW (Akita port 65 MW, Noshiro port 80 MW). A feasibility study was being conducted by Marubeni Corporation, but now the Joint Project Partners, including Chubu Electric, will invest in the Special Purpose Company "Akita Offshore Wind Corporation" set up by Marubeni Corporation in April 2016, and carry out a joint feasibility study.
If the study results show the project is commercially viable, the investment decision will be made, proper local approvals will be obtained, and the project will be moved to the construction and commercialization stage.
Akita Prefecture has one of the best wind conditions in Japan. For the implementation of this project, the feasibility study will be carried out with the understanding and cooperation of the local residents.
(Note) A wholly owned subsidiary of Tohoku Electric Power Co., Inc. handling generation of renewable energy