The state-owned Saudi Power Procurement Company will purchase electricity from two planned wind farms in Saudi Arabia (Al Ghat with 600 MW and Wa’ad Al Shamal with 500 MW) through what are supposed to be the world’s cheapest wind PPAs. At least, this is claimed by Prince Abdulaziz bin Salman Al Saud, Saudi Arabia’s Minister … Continue reading Saudi Arabia signs one of the cheapest wind power PPAs in the world
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Marubeni secures 1.1 GW wind power deal in Saudi Arabia
The Power Purchase Agreement (PPA) covers two projects, which will contribute 1.1 GW of wind energy to the national grid.One of Japan’s largest trading and investment conglomerates, Marubeni Corporation, has closed an agreement with Saudi Power Procurement Company (SPPC) to build two major wind energy projects in Saudi Arabia. The projects will be developed in … Continue reading Marubeni secures 1.1 GW wind power deal in Saudi Arabia
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Wind energy in Japan, MHI Vestas wind turbines for Akita Noshiro Offshore wind farm
Akita Offshore Wind Corporation (“AOW”) completes firm wind turbines agreement with MHI Vestas for the Akita Noshiro Offshore Wind Farm Project. In a sector first for a utility-scale wind power project in Japan, MHI Vestas Offshore Wind has completed firm and unconditional orders to supply wind turbines for the Akita and Noshiro offshore wind farms, … Continue reading Wind energy in Japan, MHI Vestas wind turbines for Akita Noshiro Offshore wind farm
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Japan boosts transition to offshore wind power
With the financing in place for Japan’s first large-scale commercial wind farm project, the country is looking to follow in the footsteps of Taiwan and accelerate its transition to renewable energy sources. The world’s third largest economy is aiming to boost the renewables share of its energy mix from 16% to 24% by 2030, with … Continue reading Japan boosts transition to offshore wind power
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Marubeni secures loan for offshore wind energy in Japan
Marubeni Corp and its partners have signed a project finance agreement with banks to build and operate offshore wind farms in northern Japan, the Japanese trading house said on Monday. Marubeni said the 100 billion yen ($921 million) plan to build the wind farms with 140 megawatt capacity at Akita Port and Noshiro Port in … Continue reading Marubeni secures loan for offshore wind energy in Japan
Continue readingJoint implementation of a feasibility study of the offshore wind farm project at Akita Port and Noshiro Port in Akita Prefecture
Marubeni Corporation (“Marubeni”), Obayashi Corporation, Tohoku Sustainable & Renewable Energy Co. Inc. (*), Eco Power Co., Ltd., Akita Bank, The Kansai Electric Power Co., Inc., Chubu Electric Power Co., Inc., and seven local companies based in Akita Prefecture (hereinafter collectively called “Joint Business Partners”) have entered into an agreement to carry out a feasibility study … Continue reading Joint implementation of a feasibility study of the offshore wind farm project at Akita Port and Noshiro Port in Akita Prefecture
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Marubeni receives order of photovoltaic modules for a solar energy project in Soma city
Marubeni Corporation (“Marubeni”) has received an order of photovoltaic modules (hereinafter called “PV modules”) for a mega-solar project with a 52.5MW maximum output in the Isobe district of Soma City, Fukushima, from Renatus Soma Solar Park Limited Liability Company which was jointly established by Kyudenko Corporation, and four other companies. Marubeni will supply PV modules … Continue reading Marubeni receives order of photovoltaic modules for a solar energy project in Soma city
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Offshore wind farm Westermost Rough officially inaugurated with Siemens wind turbines
The offshore wind power plant Westermost Rough was officially inaugurated. Consisting of 35 Siemens wind turbines, each with a capacity of 6 megawatts and a rotor diameter of 154 meters, this project is the first to use these wind turbines on a large scale in a commercial project. Owner is a joint venture between DONG … Continue reading Offshore wind farm Westermost Rough officially inaugurated with Siemens wind turbines
Continue readingOfgem appoints preferred bidder for Westermost Rough offshore wind farm transmission assets
Ofgem has appointed Transmission Capital Partners as the preferred bidder to own and operate the offshore transmission link to the Westermost Rough wind farm for the next 20 years. Transmission Capital Partners, a consortium comprising Transmission Capital Partners Limited Partnership and International Public Partnerships Limited, was selected by Ofgem through a competitive process in … Continue reading Ofgem appoints preferred bidder for Westermost Rough offshore wind farm transmission assets
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Marubeni enters the Latin American solar power market with a 146 MW photovoltaic plant in Chile
Marubeni Corporation (“Marubeni”) has agreed with EDF Energies Nouvelles, a wholly-owned subsidiary of Électricité de France (“EDF”) dedicated to renewable energy business, to participate in a 146 MW photovoltaic solar plant project (“Laberinto Project”/“Project”) located in the Atacama Desert in the region of Antofagasta, Chile. The parties have entered into a partnership agreement to jointly … Continue reading Marubeni enters the Latin American solar power market with a 146 MW photovoltaic plant in Chile
Continue readingJapan has over 750 GW of wind power potential
Japan has over 750 GW of wind power potential: 168 GW for onshore wind energy and over 600 GW for offshore wind power. Less than one percent of Japan’s energy is currently produced by wind power. A contract for two offshore wind farms in Japan has been won by Marubeni Corporation. The site is … Continue reading Japan has over 750 GW of wind power potential
Continue readingFukushima Experimental Offshore Floating Wind Farm
A consortium comprised of Marubeni (project integrator), the University of Tokyo (technical advisor), Mitsubishi, Mitsubishi Heavy Industries, Japan Marine United, Mitsui Engineering & Shipbuilding, Nippon Steel & Sumitomo Metal Corporation, Hitachi, Furukawa Electric, Shimizu, and Mizuho Information & Research, has been participating in an experimental offshore floating wind farm project sponsored by the Ministry of … Continue reading Fukushima Experimental Offshore Floating Wind Farm
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Agreement for the 210MW Westermost Rough Offshore Wind Power Project
The Wind Power Project is under construction off the coast of Yorkshire in the UK and is due to reach commercial operation in 2015. Marubeni Corporation (“Marubeni”) is pleased to announce that an agreement concerning project financing for the Westernmost Rough Offshore Wind Power Project (“the Project”) has been reached with a consortium of lenders … Continue reading Agreement for the 210MW Westermost Rough Offshore Wind Power Project
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Marubeni to launch mega-solar power project in Iwaki City, Fukushima
Marubeni Corporation (“Marubeni”) has commenced construction of a mega-solar power project in Iwaki City, Fukushima. The project is being jointly developed with Mibugawa Power Company, a wholly-owned subsidiary of Marubeni, Japan Asia Investment Co., Ltd, (“JAIC”) and Fukushima Mega No. 1 Inc., a company in which JAIC is investing. The project will be handled by … Continue reading Marubeni to launch mega-solar power project in Iwaki City, Fukushima
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Marubeni Corporation and UK Green Investment Bank to become co-owners of DONG Energy’s Westermost Rough offshore wind farm
DONG Energy has today signed an agreement to sell 50 per cent of the 210 megawatt UK offshore wind construction project Westermost Rough to Marubeni Corporation and UK Green Investment Bank. At completion of the transaction, Marubeni and UK Green Investment Bank will each acquire a 25 per cent ownership share in Westermost Rough for … Continue reading Marubeni Corporation and UK Green Investment Bank to become co-owners of DONG Energy’s Westermost Rough offshore wind farm
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Marubeni acquires interest in a wind power generation facility in the United States owned by EDF Renewable Energy
Marubeni Corporation (“Marubeni”) is pleased to announce that it has completed a transaction to acquire an economic interest in a wind power generation project owned by EDF Renewable Energy Inc., a renewable energy company in the North American market owned by the French utility, Electricit
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Wind energy: EDF Renewable Energy announces partnership with Marubeni Corporation
EDF Renewable Energy and Marubeni Corporation announced today that a subsidiary of Marubeni acquired a 90 percent economic interest in the 102.5 MW Shiloh IV Wind Project. “This sale illustrates our ability to recycle capital to fund future development while staying fully involved in the project. This is an important aspect of our business model … Continue reading Wind energy: EDF Renewable Energy announces partnership with Marubeni Corporation
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Marubeni announces Fukushima recovery, experimental offshore floating wind farm project
A consortium comprising of Marubeni (project integrator), the University of Tokyo (technical advisor), Mitsubishi, Mitsubishi Heavy Industries, Japan Marine United, Mitsui Engineering & Shipbuilding, Nippon Steel & Sumitomo Metal Corporation, Hitachi, Furukawa Electric, Shimizu, and Mizuho Information & Research have been participating in an experimental offshore floating wind farm project sponsored by the Ministry of … Continue reading Marubeni announces Fukushima recovery, experimental offshore floating wind farm project
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Marubeni and Mainstream Renewable Power agree Euro 100 million equity investment
Marubeni Corporation?Marubeni?has agreed with Mainstream Renewable Power Ltd?Mainstream?for an investment of max. euro 100 million which at approximately 25% will make Marubeni the second largest shareholder in Mainstream. The deal is subject to shareholder approval. Mainstream is a leading independent developer of offshore wind, onshore wind and solar power businesses which has expertise in the … Continue reading Marubeni and Mainstream Renewable Power agree Euro 100 million equity investment
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Marubeni targeting geothermal energy in Japan
The current stigma against nuclear energy is understandable, and looking towards heat as a source of energy might be a sound move. Japan is part of the infamous Pacific “Ring of Fire,” a geologically active area with volcanoes and tectonic shift zones that push heat closer to the Earth’s surface. Logically, a technologically advanced nation … Continue reading Marubeni targeting geothermal energy in Japan
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