Webinar

Japan Wind Market Landscape with Offshore Wind Power Auction 

Japan has launched its first tender for the construction of bottom-fixed offshore wind parks in four designated areas in its waters (for bidding several zones off Akita Prefecture -- Noshiro (Mitane Town and Oga City), Yurihonjo City North and Yurihonjo City South. A site off Choshi City, Chiba prefecture).
The tender was initiated by the Ministry of Economy, Trade and Industry (METI) and the Ministry of Land, Infrastructure, Transport and Tourism. Interested parties will be able to submit proposals by May 27, 2021.

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Talking Points:
· Introduction to Japan's offshore wind laws, and partnering with Japanese companies
· Deep dive into the Auction rules, including update on recent METI/MLIT Q&A responses and Port Lease Agreement
· Financing - some anticipated variances in Japan from European or Taiwanese financing
· Grid Connection

22-24% of the country’s power mix by 2030 with wind accounting for 1.7%. (JWPA estimated the capacity requirement of offshore wind: fixed - 6GW, floating – 4GW by 2030; fixed – 19GW, floating – 18GW by 2025)

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Japan has large offshore wind potential:

• the 7th longest coastline in the world;

• MOE: Offshore wind potential: 1413GW - fixed 322GW; - floating 1081GW.

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Milestones:

• Nov 2018 - Japan passes regulatory framework for offshore wind;

• uly 2019: Government announces 11 offshore wind “promoting areas”.

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Over 13.5GW offshore wind projects under EIA (significant amount of EIAs were initiated in the promising areas: Akita, Aomori, Nagasaki especially)