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Iberdrola has signed an agreement with local developer Cosmo Eco Power and engineering firm Hitz to jointly develop the 600MW Seihoku-oki project in Aomori prefecture, in the northwest of the country.
The Seihoku-oki offshore wind farm, under development, will enter round 2 of the capacity auction planned by the Japanese government between this year and 2022. Following the transaction - subject to the usual regulatory approvals - the project will be led by Iberdrola and Cosmo Eco Power, with similar voting rights, together with Hitz.
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