Japan aims to become the world's top producer of offshore wind energy, joining the likes of China and Britain in its transition to a zero-emission economy, while boosting energy security.
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    Although Japanese companies have offshore wind assets in countries from Taiwan to Belgium and Britain, they have yet to build large-scale farms at home.

    Japan plans to announce by the end of March the winners of a second major round of offshore wind tenders to build 1.8 gigawatt (GW) of capacity in four areas.

    A Mitsubishi-led consortium (8058.T) won all three offshore wind farm auctions in 2021 in the regions of Akita and Chiba, with combined capacity of 1.7 GW and a target start-up date of 2028 to 2030.

    The first round spurred interest by foreign companies in entering the Japanese market, among them Denmark’s Orsted (ORSTED.CO), Germany’s RWE (RWEG.DE) and Norway’s Equinor (EQNR.OL).

    The government wrapped up its six-month auction for another 1.8 GW of capacity in four areas on June 30, with winners set to be announced by the end of March 2024, or even as soon as December.

    In 2021, the government selected a consortium of six companies led by Toda Corp (1860.T) to build the 16.8 MW Goto floating offshore wind farm in Nagasaki prefecture.

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