Japan Power Market News: Floating Offshore Wind Updates - Week 6, 2025
Dan Shulman
Japanese Energy Market | Energytech | Renewables | Power Wholesale and Retail | Bilingual Expert Team | Consulting & Local Representation | Helping worldwide companies enter the Japanese market and thrive
Government Awards Subsidies to Help Establish Floating Offshore Wind Supply Chain
The Ministry of Economy, Trade, and Industry (METI) announced that five companies, including Toshiba Energy Systems & Solutions Corporation (Toshiba ESS) and Nippon Steel Engineering, have been selected for the second round of the “GX (Green Transformation) Supply Chain Construction Support Project” (floating offshore wind power generation facilities) in FY2024. The maximum subsidy amount is approximately JPY 12.6 billion. Toshiba ESS will receive up to JPY 2.2 billion for the production of offshore wind turbine nacelles, and Nippon Steel Engineering will receive JPY 4.2 billion for the production of floating foundations.
Investment Plans and Broader GX Supply Chain Project Goals
The total investment undertaken by Toshiba ESS is expected to be approximately JPY 6.7 billion, and Nippon Steel Engineering’s work on foundations will total about JPY 12.7 billion.
领英推荐
In addition to these two companies, Oshima Shipbuilding, Naroc, and Komai Haltec will receive subsidies.
The GX Supply Chain Construction Support Project is a government initiative that aims to establish a world-leading domestic manufacturing supply chain in the GX sector by utilizing the existing manufacturing supply chain and technology infrastructure, involving national SMEs. In addition to floating offshore wind, areas such as water electrolyzers, fuel cells and perovskite solar cells are also eligible for subsidies.
Let me know your thoughts below, and thank you for reading.
If you find this newsletter insightful, please subscribe to stay up to date on the latest Japanese power market news or get in touch for more information.
READ MORE from our newsletter: TEPCO PG Predicts Its First Electricity Curtailment
An interesting read, thanks for sharing ??
Japanese Energy Market | Energytech | Renewables | Power Wholesale and Retail | Bilingual Expert Team | Consulting & Local Representation | Helping worldwide companies enter the Japanese market and thrive
2 周Japan Power Market News: FIT/FIP Updates - Week 7, 2025 Shulman Advisory shares the latest news on METI increasing support for roof-based solar panels. https://www.dhirubhai.net/pulse/japan-power-market-news-fitfip-updates-week-7-2025-dan-shulman-cbfkc
Project Manager | C&I Utility Scale Solar BESS at IPP, EPC
3 周It would be fascinating to witness a revival of offshore wind energy initiating in Japan.
Founder-Inventor-CEO, Rollie Rack International/ Rollie Wind Energy Our Primary Objective is to Bring Down the Cost of Clean Energy.
3 周We are not happy to say, that any form of activities towards building Offshore Windmill Farms are heading to a cliff fall and all subsidies poured into the said activities are on the verge of getting wasted. A bit sooner Windmill Turbine Technology will be obsolete once our 30MW Rollie Wind Turbine is launched for onshore sites along windy coastline. Check our recent post to know the briefs. https://www.dhirubhai.net/posts/rollierack-alliance_lets-make-wind-energy-great-again-we-can-activity-7285312131187585025-DgjL?utm_source=share&utm_medium=member_desktop
Japanese Energy Market | Energytech | Renewables | Power Wholesale and Retail | Bilingual Expert Team | Consulting & Local Representation | Helping worldwide companies enter the Japanese market and thrive
3 周Kevin Newman Maor Shwartz Oliver Senter Cedric Daubord, ACMA, CGMA Munenori Fernando Horie Matthew Croft Charles Fahy Yoav Ramot Casey ケーシー Abel エーブル Jamie Miyazaki Matthew Kyle Yuriy Humber Baro Hyun Luis Perezagua Pérez Jose Antonio Millan Ruano Antony Stace