Orsted hopes coronavirus to not slow Japan's offshore wind projects
Orsted, the world's largest developer of offshore wind farms, is worried that the coronavirus may delay auctions for offshore projects as it prepares to join the market, its Asia-Pacific unit head said.
The Danish company and the Tokyo Electric Power Company Holdings of Japan will be making a joint bid for a project off Choshi City, near Tokyo, which could happen later this year. Prime Minister Shinzo Abe announced a state of emergency combating new coronavirus infections in major population centers on Tuesday after a spike in the Tokyo cases ignited fear that Japan was heading for an explosive outbreak.
"In Japan, there is a strong fundamental need for offshore wind power," he said, referring to the country's strategy to raise renewable energy and the desire to replace some coal-fired and nuclear power. "We see a momentum finally in Japan's wind power market," he said, as an auction system has been placed in place, making it easier for the company to make an entry.
Maritime Business World