Renova raises capacity at northern Japan offshore wind farm 

10 January 2019 - 12:00 am UTC

Japanese renewable energy developer Renova on Thursday (10 January), has given an update on its offshore wind farm project development in northern Japan, now setting the capacity higher than previously estimated. 

The Tokyo-based company estimates the capacity at its wind farm off the coast of Yurihonjo city, Akita Prefecture, to reach 700MW as against the previously foreseen capacity of 560MW.   

“We provided more specified (capacity) data after conducting detailed research activities,” a Renova senior official told Inframation.

The offshore wind farm, developed jointly with JR East Energy Development and EcoPower, is considered to be one of the biggest of its kind in Japan. The wind farm is scheduled to kick off in stages from 2024 with a project cost estimated at around JPY 400bn (USD 3.7bn).   

Renova told an investors relation meeting on Thursday that the environmental impact assessment it has been carrying out since April last year is now reaching a halfway point, enabling it to disclose details around summer this year.    

Other research works in the offshore sea zone are also progressing smoothly, with wind condition research across four offshore locations scheduled for a completion by August this year.    

The company is now in the process of selecting from two shortlisted wind turbines, while it has received engineering and other cost estimates from four contractors.            

The company had already received letter of intent from a slew of banks on financing the project in January 2018, the official said without elaborating.       

Renova currently operates ten solar farms in Japan with a combined capacity of 293MW and a 20MW biomass plant in Akita city in northern Japan.

However, the company aims to diversify further into biomass and wind power, among other renewables. In line with the strategy, Renova is planning to build the 700MW offshore wind power project, five biomass power plants with each set to have a capacity of 75MW, and two onshore wind farms with a combined capacity of 200MW.

These projects are expected to go operational within three-five years, giving the company a combined capacity exceeding 1.6GW.   

 

Read more