Norway’s Aker Offshore Wind and its Dublin-based partner Mainstream Renewable Power have been selected as the preferred bidder to acquire an initial 50% stake in Progression Energy’s 800 MW floating offshore wind project in Japan.
The two companies will now enter into exclusive negotiations with Progression Energy with a view to establishing a special purpose vehicle in the coming weeks, to continue collectively developing the project.
The project is an early-stage development asset and Progression’s CEO, Chris Swartley, believes working in partnership with Aker Offshore Wind and Mainstream will bring a unique set of strengths that will be vital in helping the company advance its project to a final investment decision.
Japan aims to expand offshore wind energy capacity to 10 GW by 2030 and 30-45 GW by 2040, and project areas for offshore floating wind will be put to auction for interested companies to submit their proposals.
