Norwegian energy company Equinor has submitted a bid to develop an offshore wind farm together with other companies in the latest round of Japan¡¯s state auctions, two sources said, as it seeks a foothold in the fledgling market.
Equinor¡¯s bid underscores the focus some wind players are putting on Japan even as they scale back elsewhere, despite some international players¡¯ frustration with strict bidding rules and an earlier auction round having been won by Japanese companies.
A latecomer to offshore wind, Japan wants to build up to 45 gigawatts (GW) of capacity by 2040 from less than 1GW now, which would make it a top-five offshore wind market.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.