Competition Strong for Japan's Grassroot Offshore Windfarm Projects, an Industrial Info Market Brief

Since Japan's "New Offshore Use Act for Offshore Wind Project" took effect on April 1, 2019, bidding has been strong for the 30-year permits in promoted offshore areas where natural conditions are favorable and the windfarms would not hinder fisheries or shipping industries.

Industrial Info is tracking 57 grassroot offshore windfarm projects, worth $114.48 billion, in Japan.