A consortium consisting of Hitachi Zosen Corp., Toshiba Corp., JFE Holdings, Sumitomo Electric Industries, Tao Corp., Toyo Construction and the Japan Weather Association is planning to build 120 billion yen ($1.5 billion) worth of offshore wind farms in Japan, Bloomberg reports.
According to Bloomberg, the consortium will build offshore wind farms with a combined capacity of 300 MW over the next 10 years, starting with 7.5 MW of pilot wind projects, which are expected to be complete by 2016.
After the fallout from the Fukushima disaster, the Japanese government in July rolled out clean energy incentives, including a feed-in tariff for wind of 23.1 yen/kWh for 20 years, Bloomberg notes, citing a report from Japanese newspaper Nikkei.
