Venti-Japan, Mitsubishi Corporation and C-TECH CORPORATION have reached an agreement to launch a wind power generation project along the Akita City - Katagami City corridor of Akita Prefecture in Northern Japan.
The new windfarm ranks among the the largest in wind power generating capacity in the country.
The 66 MW (3MW wind turbine x 22 units) project will be executed by Akita Katagami Windfarm, LLC, a three-way joint venture established between Venti and Mitsubishi Corporation Power Ltd. (MCP), a 100% subsidiary of MC, and C-TECH. Construction is slated to commence in September 2016, with supply of power to Tohoku Electric Power Co., Inc. scheduled to come on stream in early 2019.
In terms of shareholder participation Venti will hold 51.0%, MC 43.9% and C-TECH 5.1% of shares. The project is estimated to cost around 20 billion yen (US$182.4 million).
Coastal areas of Akita Prefecture are among the best locations in Japan for wind power development and the prefecture has welcomed a number of windfarm projects over the past several years. This particular project is being developed under a public auction scheme set up by Akita to make use of the wealth of wind resources present in its forest reserves. The three companies are therefore seeking to take maximum advantage of these resources to develop and supply clean energy.