DEME Offshore and Penta-Ocean establish JV to develop Japan’s offshore wind industry
DEME Offshore and Penta-Ocean Construction Co., Ltd., Japan’s leading marine contractor, have officially agreed to establish a Joint Venture to focus on the construction of offshore wind farms in Japan, according to the company's release.
The new Joint Venture brings together DEME Offshore’s marine engineering knowledge and decades of experience in the renewables sector, with the highly specialised marine construction technology of Penta-Ocean. The partners are currently in the process of establishing the Joint Venture company, whereby 51% of the shares will be owned by Penta-Ocean and 49% by DEME Offshore.
New regulations concerning wind power energy generation at sea, as well as in port and harbour areas, have been introduced in the country and the first wind farm auction round is expected to take place this year.
Japan has ambitious targets to develop 10 GW of offshore wind power by 2030. While the country has very favourable wind conditions, it also has challenging subsoils, which can be a mixture of sand and rocks.
About DEME Group
DEME is a world leader in the highly specialised fields of dredging, solutions for the offshore energy market, environmental and infra marine works. The company can build on more than 140 years of know-how and experience is a front runner in innovation and new technologies.
DEME’s vision is to work towards a sustainable future by offering solutions for global challenges: a rising sea level, a growing population, reduction of CO2 emissions, polluted rivers, seas and soils and the scarcity of natural resources.
While the company’s roots are in Belgium, DEME has built a strong presence in all of the world’s seas and continents. DEME can rely on 5,200 highly skilled professionals across the globe. With a versatile and modern fleet of over 100 vessels, backed by a broad range of auxiliary equipment, the company can provide solutions for even the most complex projects.
