Tokyo Electric Power Company Holdings to Develop 1.9 GW Offshore Wind in Scotland

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Just when many conventional energy and power firms of the world go honking for renewables, Tokyo Electric Power Company Holdings (TEPCO) has announced that it will be developing up to 1.9 GW of floating offshore wind energy in Scotland. TEPCO has secured rights to develop two separate floating offshore wind farms and it intends to develop the projects with Norwegian firm Vargronn.

TEPCO is a Japanese electric utility holding company.

TEPCO also disclosed the names of the two Scottish wind projects as Green Volt and Cenos. The official statement held that the wind farms will be developed by the United Kingdom unit of the company called Flotation Energy and Vargronn.

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TEPCO also said that Green Volt wind farm will be commercially operational by 2028 and Cenos will be put to operations two years later in 2030.

Green Volt has mentioned that the green energy produced will be grid connected and will be supplied to the oil and gas platforms that lie nearby. This will help in replacing the gas-turbines-generated power.

TEPCO had recently invested in Flotation Energy which is a UK-based floating offshore wind power firm. As per reports, it invested 100% in the UK firm but the amount remained undisclosed. TEPCO is investing in foreign entities with an objective to develop offshore wind and hydroelectric power. It wants to add about 6 to 7 GW of renewable assets by the end of this decade.

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TEPCO Renewable Power delves in wind, solar and hydro-based power generation.

Scotland is aiming to generate 50 per cent of the country’ overall energy consumption from renewable sources by 2030, and by 2050 it aims to have decarbonised our energy system almost completely.

In December last year, Scotland released an Onshore Wind Policy Statement in which the Scottish Government sets an onshore wind capacity target of at least 20 GW by 2030. This will represent an additional 11 GW of capacity by the end of the decade, as Scotland currently has about 9 GW of operational onshore wind.