Central and local governments in Japan continue to issue new programs to develop the country’s offshore wind power resources, which in turn has triggered an increased interest in development.
With over 900MW of offshore wind projects planned there will be significant opportunities across the value chain. Although Japan has been a very insular market traditionally, it will have to rely on best practices gained from foreign experience as well as from foreign partnerships and imports in order to realize its offshore potential. MAKE releases a Flash Note examines CAPEX/OPEX costs of different offshore technologies in Japan and which areas of the country’s nascent offshore supply chain can be improved to lower LCOE. MAKE also analyses where market opportunities lie for foreign companies over the 10 year outlook and the challenges currently facing Japan’s offshore industry.
