The Ibaraki Prefectural Government in Japan has selected the Kajima offshore wind power consortium comprising Wind Power Energy and Hitachi Wind Power to develop the 93.6MW Kashima Port offshore wind project.
The wind farm will comprise 18 Hitachi 5.2MW wind turbine units installed over an area of about 340 ha near the Kashima Port.
The value of the project is approximately JPY 49 billion (EUR 377 million), the government said.
Wind Power Energy is a special purpose company established by Wind Power Group K.K, SB Energy and ORIX Corporation.
The company hired K2 Management in February 2016 to support the project’s development and construction phase in order to improve the overall CAPEX budget.
Back in 2016, Japan amended its Port and Harbour Law to allow offshore wind developers to lease designated water zones in port areas for a period of up to 20 years the option to re-apply for another lease. The amendments also set up a bidding system for offshore wind-related development in port areas.