December 3, 2021 Read More →

Mitsui Lines plans to help develop offshore wind projects in Japan

Japan’s Mitsui O.S.K. Lines, Ltd. (MOL), one of the largest ocean shipping companies in the world, and Scotland’s Flotation Energy plc. have agreed to jointly evaluate offshore wind development opportunities in Japan.

The agreement builds on the 2 GW portfolio of offshore floating wind projects in Japan being developed by Flotation Energy (Japan) Co. Ltd., starting from Niigata and followed by other areas.

MOL will jointly develop a local supply chain and Flotation Energy will manage overall project development, the companies said.

”The partnership with MOL is a very significant step for Flotation Energy as it builds its presence in Japan. We bring an innovative approach with fresh eyes in implementing offshore wind projects and look forward to working with MOL to deliver floating offshore wind in Japan,” Tim Sawyer, Director of international operations, Flotation Energy, said.

The partnership aims to develop and deliver offshore wind projects in Japan to support Japan’s 45 GW offshore wind target by 2040.

[Adnan Durakovic]

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