Ørsted and TEPCO to launch joint venture company
Published by Sarah Smith,
Assistant Editor
Energy Global,
Tokyo Electric Power Company Holdings, Incorporated (TEPCO) and Ørsted A/S (Ørsted) have announced that they have agreed to establish a joint venture company, Choshi Offshore Wind Farm K.K., with the intention of working towards a joint bid in the Choshi-city offshore wind promotion area.
In January 2019, TEPCO and Ørsted signed a memorandum of understanding to work jointly on offshore wind projects and have since then been working together to establish a framework and organisational structure for joint development of the Choshi Offshore Wind Project.
TEPCO and Ørsted, having formalised their collaboration to develop the Choshi Offshore Wind Project, will submit a joint bid in the Round 1 auction once the Japanese government officially designates the Choshi-city offshore wind promotion area, and further work together on future offshore wind opportunities in the area.
Read the article online at: https://www.energyglobal.com/wind/18032020/rsted-and-tepco-to-launch-joint-venture-company/
You might also like
Eco Wave Power secures grant to deploy wave energy solutions across Atlantic region
Eco Wave Power Global AB has announced its participation in the Atlantic Wave Energy Sustainable Deployment Initiative.