(Bloomberg) -- Jera Co., Marubeni Corp. and BP Plc were among the winners in Japan’s latest offshore wind auctions as the government pushes forward with plans to expand the nation’s green power generation capacity.
Projects totaling about 1 gigawatts of capacity were awarded in a recent round of auctions, according to a government statement on Tuesday. One consortium including Jera will develop a project off Aomori prefecture, while another group, including Marubeni and BP, will work on a unit off Yamagata prefecture.
Land-strapped Japan has a target for wind to make up as much as 8% of its power mix by 2040 as part of an effort to reach net zero by 2050. Wind currently accounts for about 1%.
Both the projects aim to begin producing power in 2030.
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