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.