Ørsted and TEPCO Join Forces for Offshore Wind in Japan

As early as January 2019, TEPCO and Ørsted entered into a joint venture to create a framework and organisational structure for the joint development of the Choshi offshore wind project.

TEPCO Representative Executive Officer and President, Tomoaki Kobayakawa, says: "TEPCO and Ørsted have been making excellent progress in developing our partnership and we are ready to see successful development of the Choshi Offshore Wind Project. Our two companies have agreed to establish a unique framework that enables us to effectively integrate and leverage strengths and expertise from both sides. We are confident this is key to succeed in the Choshi Offshore Wind Project."

To this end, TEPCO iIn April of this year, TEPCO will establish a new renewable energy business unit, TEPCO Renewable Power. The partnership with Ørsted and the construction of the Choshi offshore wind farm will contribute to the business growth of the TEPCO Group and TEPCO Renewable Power.