Independent power producer Northland Power Inc. and Shizen Energy Inc. have formed Chiba Offshore Wind Inc., a 50/50 joint venture aimed at pursuing early-stage offshore wind development opportunities in Chiba Prefecture, Japan.
“We are excited to partner on this joint venture with Shizen Energy, which marks Northland’s entry into the burgeoning Japanese offshore wind industry,” says Mike Crawley, president and CEO of Northland. “With Shizen Energy’s strong track record of developing and constructing renewable projects in Japan, and Northland’s success developing, constructing and operating offshore wind farms globally, we view this agreement as an excellent opportunity to combine the strengths of the two companies to achieve something great.”
“‘Taking action for the blue planet’ is our company’s foremost priority, and we hope to pass the blue planet on to the future generations,” adds Shizen Energy’s Masaya Hasegawa. “To achieve this goal, we aim to grow as a company and cooperate with other businesses worldwide to shape our common future. We strongly believe that our partnership with Northland will allow us to put that vision into action and bring us a step closer to making a positive impact on the future of our blue planet.”
The projects the new joint venture are pursuing have a combined capacity of approximately 600 MW, according to the companies.