The two companies, which have been bearing in mind a project since last year, mutually set up a new company called Choshi Offshore Wind Farm K.K., with TEPCO holding 51 percent stake and Orsted the rest
March 19, 2020. By News Bureau
Orsted, Tokyo Electric Power Company Holdings (TEPCO) has announced that they will jointly make a bid for a planned auction for an offshore wind power project off Choshi, Chiba prefecture, near Tokyo.
The two companies, which have been bearing in mind a project since last year, mutually set up a new company called Choshi Offshore Wind Farm K.K., with TEPCO holding 51 per cent stake and Orsted the rest.
The new company will plan, construct and operate the wind farm if it wins the auction held by the Japanese government.
"We expect the Choshi wind farm will have a power generation capacity of up to 370,000 kilowatts," Atsushi Hashimoto, executive vice general manager of the wind power business development office at TEPCO told a news conference
"Orsted can offer its expertise in procurement and cost-cutting from its rich experience, while we can offer our knowledge of Japanese laws and technology to cope with earthquakes and typhoons which frequently happen in Japan," Hashimoto said.
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