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December 3, 2021

Akita Offshore Wind Power Generation Project, Japan

By Carmen

Akita Offshore Wind Power Generation Project is a 722MW offshore wind power project. It is planned in Sea of Japan, Akita, Japan. The project is currently in announced stage. It will be developed in single phase. Post completion of the construction, the project is expected to get commissioned in 2026.

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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
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Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Offshore 722 722 Announced Akita, Japan Japan Wind Development

Description

The project is being developed by Japan Wind Development.

The project cost is expected to be around $3,443.94m. The project will be spread over an area of 261.44km².

The wind power project consists of 172 turbines.

The project will have 112m high towers.

Development Status

Post completion of the construction, the project is expected to get commissioned in 2026.

About Japan Wind Development

Japan Wind Development Co Ltd (JWD) is a renewable energy company that operates and develops wind power generation plants. The company offers operation and maintenance, construction and development of wind power plants. In addition, it also develops green power system integration technology. JWD’s power plants include Choshi Obama Wind Power Station, Choshi Kazeigaura Wind Power Station, Rokkasho village wind power plant, Atsumi Wind Power Station, Kamogawa wind power plant, Rokkasho-mura Nibami Wind Power Station, Womb power plant, Fukikoshi terrace wind farm, Esuda North Wind Power Station, Tohaku Wind Power Station, Ichihara Wind Power Station, and others. The company operates its power plants in Japan and Germany. JWD is headquartered in Tokyo, Japan.

Methodology

All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.

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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
by GlobalData
Enter your details here to receive your free Report.

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