JERA to co-develop 2GW of floating offshore wind farms

There has been a rise in floating offshore wind in Japan and the US.

Japan’s JERA and French state-owned investment firm ADEME Investissement are establishing an investment vehicle dedicated to financing the development of at least 2GW of floating offshore wind projects across the globe over five years, according to a press release.

This is to ride on the global acceleration of floating wind amidst upcoming tenders for commercial-scale floating offshore wind farms in Scotland and France, as well as an increasing number of initiatives in promising markets such as Japan and the US.

Created in December 2018 and 100% held by the French state, ADEME Investissement aims to finance infrastructure projects in the area of ecological and energy transition alongside with private investors.