Itochu : JERA, J-POWER, Tohoku Electric Power, and ITOCHU Selected as Business Operators for an Offshore Wind Power Project Off Oga City, Katagami City, and Akita City in Akita Prefecture
December 13, 2023 at 03:42 am EST
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TOKYO - 13 December 2023 - JERA Co., Inc. ("JERA"), Electric Power Development Co., Ltd. ("J-POWER"), Tohoku Electric Power Co., Inc. ("Tohoku"), and Itochu Corporation ("ITOCHU"), through a consortium led by JERA, applied to operate an offshore wind power project off Oga City, Katagami City, and Akita City in Akita Prefecture (the "Project") under the Act on Promoting the Utilization of Sea Areas for the Development of Marine Renewable Energy Power Generation Facilities, and were selected today as the Project's business operator by Japan's Ministry of Economy, Trade, and Industry ("METI") and Ministry of Land, Infrastructure, Transport, and Tourism ("MLIT").
All four companies have developed, constructed, and operated large-scale power generation projects around the world for many years. In developing the Project, they will bring together their respective expertise and strengths to generate new synergies as part of their commitment to achieving a world-class offshore wind power generation project that is long-term, stable, and efficient.
As the consortium develops the Project, it will respect the "Opinion of the Council on the Sea Area Offshore Oga City, Katagami City, and Akita City in Akita Prefecture" and proceed based on the principle of coexistence and co-prosperity with local communities and the fishing industry. As offshore wind power generation projects are long-term, and because this Project is among the largest ever undertaken in Japan, the consortium will seek the understanding and cooperation of local residents and all other stakeholders as it contributes to the development of local economies and to the realization of a sustainable society through decarbonization.
Itochu Corporation published this content on 13 December 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 December 2023 08:41:52 UTC.
Itochu Corporation is a diversified group organized around 8 areas of activity:
- distribution of food products (34.9% of net sales): frozen food, vegetable oil, sweeteners, sugars, etc.;
- distribution of hydrocarbons (23.3%): hydrocarbons (natural gas, oil products, bioethanol, etc.). The group also develops manufacturing of chemical products activity;
- manufacturing and sale of industrial and construction machines, vehicles and ships (9.7%);
- production of metals and coal (8.5%);
- sale of consumer products (8.4%). The group also develops forest products sale and real estate development activities;
- distribution of computing and telecommunication equipments (7%): data transmission, Internet access, media content broadcasting and mobile telephony equipments. The group also offers financial services;
- sale of textile products (3.6%);
- other (4.6%).
Net sales are distributed geographically as follows: Japan (79.5%), Singapore (5.4%), the United States (4.5%), Australia (3.1%), China (2.8%) and other (4.7%).
Itochu : JERA, J-POWER, Tohoku Electric Power, and ITOCHU Selected as Business Operators for an Offshore Wind Power Project Off Oga City, Katagami City, and Akita City in Akita Prefecture