Germany’s RWE looks to enter Japan offshore wind power market

German utility RWE is trying to take a position in Japan’s offshore wind generation comes and is in talks with potential Japanese partners because it aims to expand its world renewable portfolio.

“We see superb fundamentals if we glance at the Japanese market with regards to growth in renewable normally, however offshore wind specifically,” Sven Utermohlen, Wind Offshore world COO at RWE Renewables, told Reuters in an interview on weekday.

RWE is currently the world’s No.2 operator of offshore wind farms behind Denmark’s Orsted, with a complete put in offshore wind capability of 2.5 gigawatts. It established a subsidiary in the capital of Japan this year once learning the marketplace for about a year.

“We wish to be the number one offshore player in Japan, positively an overseas offshore player in Japan,” Utermohlen aforesaid.

He declined to touch upon that project RWE can invest in initial or once, spoken language it depends on the Japanese government’s auction targets and method.

Japan’s offshore wind generation market is anticipated to require off because the government enforced a law earlier this year to boost the development of wind farms.

It has known eleven areas as probably appropriate for development, four of that were selected as “promising areas” wherever the preparation method, like wind and earth science analysis, can begin right away.

The government can choose “promotion areas” and conduct a young to pick operators for wind farms, however, no timeline has been set, an officer at Japan’s business ministry aforesaid.