Ørsted and Tokyo Electric Power Co. (TEPCO), the largest power company in Japan, have formed an offshore wind joint venture. The partners are planning to use the JV, known as Choshi Offshore Wind Farm K.K., to bid in the Choshi-city offshore wind promotion area in Japan.
In January 2019, TEPCO and Ørsted signed a memorandum of understanding to work jointly on offshore wind projects. Since then, they have been establishing a framework and structure for joint development of the Choshi Offshore Wind Project. TEPCO and Ørsted plan to submit a joint bid in the Round 1 auction once the Japanese government officially designates the Choshi-city offshore wind promotion area.
“This joint venture is not only a significant step in Ørsted and TEPCO’s efforts to deliver on Japan’s ambitions for domestic renewable power generation, but also a landmark moment for Ørsted’s market entry in Japan and for our aspirations to help Japan become a leading offshore wind market in
