One sentence summary – Toda Corporation’s floating wind farm project in Japan has been delayed by two years due to structural defects, with the project now slated for January 2026; the delay is attributed to construction process delays caused by the discovery of these defects, and the costs associated with rectifying the defects have been recorded as a loss for the fiscal year ending in March 2023.
At a glance
- Toda Corporation’s floating wind farm project in Japan has been delayed by two years due to structural defects.
- The project was originally set to begin commercial operation in January of next year.
- Toda Corporation has conducted investigations to determine the causes of the defects and implemented corrective measures.
- The consortium led by Toda Corporation secured Japan’s first offshore wind tender in 2021.
- The Hai Long Offshore Wind Project in Taiwan has secured long-term financing for a 1 GW offshore wind farm.
The details
Toda Corporation’s floating wind farm project in Japan has been delayed by two years due to structural defects.
Originally set to begin commercial operation in January of next year, the 16.8MW Goto Islands floating wind project off the Nagasaki prefecture is now slated for January 2026.
The delay is attributed to construction process delays caused by the discovery of these defects.
Toda Corporation has already conducted investigations to determine the causes of the defects, implemented corrective measures, and resumed construction work at the onshore yard.
Following the discovery of the defects, Toda Corporation sought approval from two Japanese government ministries to revise the start date for the project, and the application was approved.
To verify the existence of defects, one of the three floating structures that have already been installed offshore will undergo inspection, and decisions will be made regarding the two remaining structures.
The costs associated with rectifying the defects have been recorded as a loss for the fiscal year ending in March 2023.
The consortium led by Toda Corporation, which includes Eneos and Inpex (oil companies), Osaka Gas, Kansai Electric Power, and Chubu Electric, secured Japan’s first offshore wind tender in 2021.
The project aims to deploy eight Hitachi 2.1MW turbines on spar-type floating platforms.
The Goto Islands project plays a significant role in Japan’s renewed focus on floating wind after the decommissioning of the Fukushima Forward project, which was a pioneer in global floating wind from 2013.
In Taiwan, the Hai Long Offshore Wind Project has successfully secured TWD 118 billion (approximately USD 4.2 billion) in long-term financing for a 1 GW offshore wind farm.
This financing has been provided by over 15 international and local lenders, with support from multiple Export Credit Agencies representing six different countries.
The total cost of the project is estimated to be around CAD 9 billion, which will be covered through non-recourse debt, pre-completion revenues, and equity investment.
Financial close is expected to occur soon, pending the fulfillment of relevant conditions.
This financing milestone marks Northland Power’s first venture in Asia and represents the largest non-recourse offshore wind project financing in the region.
The Hai Long Offshore Wind Project is Northland Power’s first offshore wind project in Asia and will contribute to their offshore wind portfolio, which already includes four other projects.
Upon completion of the Hai Long project and the Baltic Power project, Northland Power’s gross installed offshore wind capacity will nearly triple from 1.2 GW to 3.3 GW.
In the United States, nine East Coast states and four federal agencies have signed a memorandum of understanding (MoU) to enhance regional collaboration on offshore wind supply chain development.
The US Department of Energy (DOE) has allocated a total of USD 72 million in funding to address challenges in wind energy deployment.
Connecticut, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, and Rhode Island will develop sub-regional implementation plans to advance economic development and promote environmental justice.
Federal agencies will provide technical support to the states and assist in developing a shared East Coast procurement and leasing timeline.
The MoU aims to encourage investment across multiple states to achieve offshore wind goals while improving coordination.
Additionally, the MoU establishes a pathway for states to incentivize the development of US offshore wind vessels and promote US steel production.
The ultimate objective is to support the growth of these industries and create employment opportunities across various regions.
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| rechargenews.com |
|---|
| – Toda Corporation’s project to develop a floating wind farm in Japan has been delayed by two years due to the discovery of defects in the structure. – |
| The 16.8MW Goto Islands floating wind project off the Nagasaki prefecture was originally scheduled to begin commercial operation in January next year but has been pushed back to January 2026. – |
| The delay is a result of a construction process delay caused by the discovery of defects in the floating structure. |
| – Toda has already investigated the causes of the defects, taken corrective measures, and restarted construction work at the onshore yard. – |
| An application to revise the start date was approved by two Japanese government ministries. – Toda will inspect one of the three floating structures already installed offshore to verify the existence of defects and decide what to do with the other two. – |
| The costs associated with correcting the defects have been recorded as a loss for the fiscal year ending March 2023. – |
| The consortium led by Toda, which includes oil companies Eneos and Inpex, Osaka Gas, Kansai Electric Power, and Chubu Electric, won Japan’s first offshore wind tender in 2021. – |
| The project plans to deploy eight Hitachi 2.1MW turbines on spar-type floating platforms. |
| – The Goto Islands project is considered a return to floating wind by Japan after the decommissioning of the Fukushima Forward project, which was a global pioneer in floating wind from 2013. |
| offshorewind.biz |
|---|
| – Hai Long Offshore Wind Project has secured TWD 118 billion in long-term financing for a 1 GW offshore wind farm in Taiwan. – |
| The financing will be provided by over 15 international and local lenders, with support from multiple Export Credit Agencies from six different countries. – |
| The total cost of the project is projected to be approximately CAD 9 billion, with funding from non-recourse debt, pre-completion revenues, and equity investment. |
| – Financial close is expected to happen soon, pending satisfaction of relevant conditions. – |
| This financing is Northland Power’s first in Asia and will be the largest non-recourse offshore wind project financing in the region. – |
| The project is Northland Power’s first offshore wind project in Asia and fifth in their offshore wind portfolio. – Upon completion of Hai Long and the Baltic Power project, Northland Power’s gross installed offshore wind capacity will nearly triple from 1.2 GW to 3.3 GW. |
| offshorewind.biz |
|---|
| – Nine US East Coast states and four federal agencies have signed a memorandum of understanding (MoU) to strengthen regional collaboration on offshore wind supply chain development. – |
| The US Department of Energy (DOE) has provided funding totaling USD 72 million to address wind energy deployment challenges. – Connecticut, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, and Rhode Island will develop sub-regional implementation plans to advance economic development and environmental justice. |
| – Federal agencies will provide technical support to the states and help develop a shared East Coast procurement and leasing timeline. – |
| The MoU aims to encourage investment in multiple states to meet offshore wind goals and improve coordination. – |
| The MoU provides a path for states to incentivize the development of US offshore wind vessels and US steel production. |
| – |
| The goal is to support the expansion of these industries and create jobs across multiple regions. |
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