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| Author | InfoLink |
| Updated | June 20, 2020 |
Japan may kick off its first auction for offshore wind farm in September, unveiled Naoki ‘Nick’ Eguchi, head of Baker McKenzie’s banking and finance practice group during a webinar held by the Asia Wind Energy Association on June 9.
The first auction is said to be the 21 MW Goto Island floating windfarm. The small-scale project is located in the country’s first designated promotion zone in general waters, which means it’s neither ports nor harbors areas.
Unlike other bottom-fixed projects, the auction process for the Goto Island project will be on a points-based system. The Feed-in-tariff for Goto island project is set at JPY 36/kWh.
The Japanese government in April released requirements for participating in the auction for the floating wind farm off Goto City. Although the Goto project is small, the approach taken in the auction could serve as a guide for the following auctions, said Eguchi. He expected that auctions for projects located in other ten potential promotion zones would soon take place, as the industry would benefit from the economies of scale.
Following the Goto Island project, Noshiro Mitane and Oga, Akita Yurihonjo and Choshi/Chiba are likely to be designated as promotion zones where auctions for offshore wind farms will be held soon.
Companies have geared up for the upcoming auctions this year. For example, eight companies including TEPCO Renewable Power have formed a consortium in May to bid for the 480 MW Noshiro-Mitane-Oga offshore wind project.
In addition, TEPCO has formed a joint venture company with Ørsted to bid for offshore wind project off in Choshi once the city is officially designated as an offshore wind promotion area.
Japan aims to deploy 1 GW offshore projects every year through auction from 2020 onwards and reach 10 GW by 2030. The country has previously set a goal to source 22-24% of its energy from renewables by 2030. With long coastline and potential wind resource, the island has potential to become the largest offshore market in Asia.
Japan may kick off its first auction for offshore wind farm in September, unveiled Naoki ‘Nick’ Eguchi, head of Baker McKenzie’s banking and finance practice group during a webinar held by the Asia Wind Energy Association on June 9.
The first auction is said to be the 21 MW Goto Island floating windfarm. The small-scale project is located in the country’s first designated promotion zone in general waters, which means it’s neither ports nor harbors areas.
Unlike other bottom-fixed projects, the auction process for the Goto Island project will be on a points-based system. The Feed-in-tariff for Goto island project is set at JPY 36/kWh.
The Japanese government in April released requirements for participating in the auction for the floating wind farm off Goto City. Although the Goto project is small, the approach taken in the auction could serve as a guide for the following auctions, said Eguchi. He expected that auctions for projects located in other ten potential promotion zones would soon take place, as the industry would benefit from the economies of scale.
Following the Goto Island project, Noshiro Mitane and Oga, Akita Yurihonjo and Choshi/Chiba are likely to be designated as promotion zones where auctions for offshore wind farms will be held soon.
Companies have geared up for the upcoming auctions this year. For example, eight companies including TEPCO Renewable Power have formed a consortium in May to bid for the 480 MW Noshiro-Mitane-Oga offshore wind project.
In addition, TEPCO has formed a joint venture company with Ørsted to bid for offshore wind project off in Choshi once the city is officially designated as an offshore wind promotion area.
Japan aims to deploy 1 GW offshore projects every year through auction from 2020 onwards and reach 10 GW by 2030. The country has previously set a goal to source 22-24% of its energy from renewables by 2030. With long coastline and potential wind resource, the island has potential to become the largest offshore market in Asia.
Reference:
Webinar-Asia-Pacific Offshore Wind Industry Outlook for the Japanese Offshore Wind Market
Goto Island floater in the frame for first Japanese offshore wind auction
Ørsted and TEPCO to Jointly Bid in Japan’s Round 1 Offshore Wind Auction
長崎県五島市沖海洋再生可能エネルギー発電設備整備促進区域に関する系統情報の開示について
Japanese Consortium to Bid for Wind Project Offshore Akita
Reference:
Webinar-Asia-Pacific Offshore Wind Industry Outlook for the Japanese Offshore Wind Market
Goto Island floater in the frame for first Japanese offshore wind auction
Ørsted and TEPCO to Jointly Bid in Japan’s Round 1 Offshore Wind Auction
長崎県五島市沖海洋再生可能エネルギー発電設備整備促進区域に関する系統情報の開示について
Japanese Consortium to Bid for Wind Project Offshore Akita