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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Kyushu Electric Power Company, Incorporated    9508   JP3246400000

KYUSHU ELECTRIC POWER COMPANY, INCORPORA

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RWE, Kyushu Elec weighing joint bid for Japan offshore wind project

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05/28/2020 | 05:27am EDT
The logo of RWE, one of Europe's biggest electricity and gas companies is seen at block F/G of RWE's new coal power plant in Neurath

German utility RWE and Japan's Kyushu Electric Power said on Thursday they will consider a joint bid in a planned auction for a wind power project off the coast of Yurihonjo City in Akita, northern Japan.

The two companies agreed in April 2019 to jointly study opportunities for fixed-bottom offshore wind project developments in Japan.

They signed a joint bidding agreement to enter into a full-scale feasibility study for the Yurihonjo project, their renewable units said in a statement.

The wind farm is expected to have a power generation capacity of about 700,000 kilowatts, according to an official at Kyuden Mirai Energy, Kyushu Electric's renewable unit.

Japan's offshore power market is expected to take off after the government last year brought in a law to encourage the development of wind farms.

The government has identified 11 areas as potentially suitable for development, four of which were designated as promising.

Yurihonjo is one of the four promising areas.

(Reporting by Yuka Obayashi; editing by Jason Neely)

Stocks mentioned in the article
ChangeLast1st jan.
JASON CO., LTD. 6.21% 650 End-of-day quote.78.57%
KYUSHU ELECTRIC POWER COMPANY, INCORPORATED 0.11% 880 End-of-day quote.-6.88%
RWE AG -0.75% 31.68 Delayed Quote.15.83%
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Financials
Sales 2021 1 864 B 17 341 M 17 341 M
Net income 2021 45 071 M 419 M 419 M
Net Debt 2021 3 355 B 31 216 M 31 216 M
P/E ratio 2021 9,68x
Yield 2021 3,98%
Capitalization 416 B 3 871 M 3 873 M
EV / Sales 2020
EV / Sales 2021 2,02x
Nbr of Employees 21 180
Free-Float 93,7%
Chart KYUSHU ELECTRIC POWER COMPANY, INCORPORATED
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Kyushu Electric Power Company, Incorporated Technical Analysis Chart | MarketScreener
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Technical analysis trends KYUSHU ELECTRIC POWER COMP
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 8
Average target price 925,00 JPY
Last Close Price 880,00 JPY
Spread / Highest target 18,2%
Spread / Average Target 5,11%
Spread / Lowest Target -9,09%
EPS Revisions
Managers
NameTitle
Kazuhiro Ikebe Executive President & Representative Director
Michiaki Uriu Chairman
Nobuya Osa Director & General Manager-Operations
Yuuzou Sasaki Representative Director & Executive Vice President
Akiyoshi Watanabe Independent Non-Executive Director
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