Updated: Apr 6
Wind and solar company Mainstream Renewable Power has joined hands with Aker Offshore Wind for an 800 MW floating offshore wind project in Japan.
The companies announced that they have closed a deal which will give them a 50% stake in the project.
It has been reported that the remaining 50% stake in the project is owned by renewable energy project developer Progression Energy.
According to the duo, the project is at an early development stage.
The project comes at a time when Japan aims to expand its offshore wind energy capacity to 10 gigawatts by 2030. It has planned auctions of different areas for offshore floating wind projects.
The Japanese government has aimed to achieve 30-45 GW by 2040.