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China Petrochemical News Network reported on May 19, according to Hydrocarbon Processing News, as the market is booming, the two companies have reached a strategic partnership agreement to develop local manufacturing of GE's Haliade-X offshore wind turbines in Japan.
The two companies said the agreement will help GE's offshore wind technology to be more competitive in the upcoming auction in Japan.
As part of a green growth strategy to achieve carbon neutrality by 2050, the Japanese government plans to grant 10 GW of offshore wind power generation capacity through a 1 GW annual bidding by 2030.
The plan calls for the installation of 30 to 45 GW of offshore wind turbines, including floating offshore wind turbines, by 2040, partly through the development of a competitive domestic supply chain.
The offshore wind power market in Asia is expected to experience large-scale expansion in the next 5 to 10 years, especially in more developed economies such as Japan and South Korea, as governments are facing increasing pressure to require them to pay attention to climate change and renewable energy.
Cao Haibin excerpted from Hydrocarbon Processing News
The original text is as follows:
GE and Toshiba team up to tap Japanese offshore wind
The companies have made a strategic partnership agreement to develop local manufacturing of GE's Haliade-X offshore wind turbine in Japan as the market is set to boom.
The pair said the agreement will help GE's offshore wind technology become more competitive in the upcoming auctions in Japan.
As part of its green growth strategy for becoming carbon neutral by 2050 the Japanese government plans to award 10 GW of offshore wind capacity by 2030 with tenders of 1 GW per year.
The plan calls for installing 30 to 45 GW of offshore wind turbines, including floating offshore wind turbines, by 2040, in part through the development of a competitive domestic supply chain.
The offshore wind market in Asia is expected to experience massive expansion over the next 5 to 10 years, particularly in the more advanced economies of Japan and South Korea, as governments face increasing pressure to focus on climate change, renewable energy sources, and hit their net-zero emissions targets.
