Dec. 24, 2024Marubeni Corporation
Yamagata Yuza Offshore Wind LLC, a special purpose company (SPC) established through a joint investment by Marubeni Corporation (hereinafter, “Marubeni”), The Kansai Electric Power Co., Inc. (hereinafter, “KEPCO”), BP IOTA Holdings Limited (hereinafter, “BPIOTA”), Tokyo Gas Co., Ltd. (hereinafter, “Tokyo Gas”), and Marutaka Corporation (hereinafter, “Marutaka”), has been appointed to operate an offshore wind farm off the coast of Yuza Town in Yamagata Prefecture, Japan (hereinafter, the “Project”) as of December 24.
The Project involves the construction, maintenance, and operation of a 450,000 kW bottom-fixed offshore wind farm. Through this Project, the parties aim to contribute to the development of local communities, the vitalization of the domestic offshore wind industry, and the realization of a zero-carbon society.
Marubeni established the Marubeni Long-Term Vision on Climate Change in March 2021 and positions Green Strategy as one of its basic principles for the enhancement of corporate value in the Marubeni Mid-Term Management Strategy, GC2024. Marubeni owns and operates power generation assets around the world, and is also the largest shareholder in Japan’s first large-scale offshore wind power project at Akita Port and Noshiro Port in Akita Prefecture. Marubeni will pursue a progressive approach to expanding its renewable energy business, leveraging the know-how and experience it has gained through these power projects.
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