Floating offshore wind is still in its early stages in Japan, but the country views it as essential to its goal of developing up to 45 gigawatts (GW) of offshore wind projects by 2040.
Japan's largest city gas provider Tokyo Gas (9531.T), opens new tab said in August that it would buy a 21.2% stake in the WindFloat Atlantic operational floating offshore wind power project in Portugal to gain experience in operation and maintenance.
The GoliatVind wind farm planned in Arctic waters will consist of five 15-megawatt turbines and aims to start operations in 2028. In March, the project received 2 billion Norwegian crowns ($189 million) in state funding.
Norway hopes that floating offshore wind will provide an industrial future for its offshore supply industry as well as a means of cutting emissions from oil and gas production by replacing gas turbines as a source of power supply.
The GoliatVind deal - terms of which were not disclosed - marks Eneos Renewable Enery's first participation in an overseas offshore wind power project.
Following the deal, the GoliatVind project will be 40%-owned by renewables developer Source Galileo, 20% by shipping firm Odfjell Oceanwind, 20% by Japan's Kansai Electric Power (9503.T), opens new tab and 20% by Eneos Renewable Energy.
