Marubeni to build floating wind farm off Fukushima

The wind energy project will be supported by the Japanese government via the reconstruction budget from last year’s tsunami. Mitsubishi Heavy Industries, Nippon Steel Corp and Mitsui Engineering & Shipbuilding are also involved.

Marubeni acquired a 49 per cent stake in Gunfleet Sands from Dong Energy. It marks Marubeni’s first stake in an offshore wind power project.

In September, Japan’s trade ministry said it was planning a ¥10-20 billion ($130-260 million) project to develop a floating wind turbine in the deep waters off the northern coast.

Japan hopes to develop a 1GW floating offshore wind power off its northern coast by 2020. The announcement follows the passing of a renewable-energy bill in the upper house of Japan’s parliament.