They are eyeing projects in Japan, Europe, and other regions.
ENGIE and Electric Power Development (J-POWER) signed a Memorandum of Understanding (MOU) to a non-exclusive collaboration for power projects, particularly in large-scale commercial offshore wind projects.
"To promote and expand Japan's renewable energy for the future, J-POWER and ENGIE believe that offshore wind power generation is a promising technology and therefore, joint efforts shall be undertaken as part of this MOU to improve the competitiveness of the technology, including floating offshore wind power generation," an announcement said.
Additionally, ENGIE and J-POWER will continue discussions for further collaborations in a variety of projects in Japan, Europe and other regions.
Since 1952, J-POWER has been supplying affordable electricity and currently operates power stations at about 100 locations with a total of approximately 18GW installed capacity. It aims to develop 1,000MW of renewable energy by 2025.
Meanwhile, global energy group ENGIE focuses on three core activities: low-carbon power generation, mainly based on natural gas and renewable energy, global networks, and customer solutions. It has about 112.7 GW of installed power production capacity.
It has 2.5GW offshore wind power project under development and is currently expanding offshore wind power with the use of floating technologies. ENGIE aims to leverage its European experience to expand globally, including in Japan.
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