Market Brief
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 offshore windfarm permits
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. Click here for a list of projects and see graph below showing project spending by plant owner.
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