Shizen Energy representative director Masaya Hasegawa and Northland Development executive vice-president David Povall. Credit: Shizen Energy Inc.

Canadian energy company Northland Power and Shizen Energy have agreed to set up a joint venture to develop offshore wind projects in Japan.

The two companies will focus on developing early stage offshore wind projects in Chiba Prefecture.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Northland Power president and CEO Mike Crawley said: “We are excited to partner on this joint venture with Shizen Energy, which marks Northland’s entry into the burgeoning Japanese offshore wind industry.

“With Shizen Energy’s strong track record of developing and constructing renewable projects in Japan, and Northland’s success developing, constructing and operating offshore wind farms globally, we view this agreement as an excellent opportunity to combine the strengths of the two companies to achieve something great.”

The joint venture (JV) established as part of this initiative, called Chiba Offshore Wind, will serve as the development vehicle for the projects. The JV will be pursuing projects that have a combined capacity of approximately 600MW.

Established in 2011, Shizen Energy has developed nearly 1GW of renewable energy projects in Japan and is currently expanding its portfolio with the addition of onshore and offshore wind as well as biomass and hydropower generation projects.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The Japanese company has also started construction works of wind and solar projects in Vietnam and Thailand.

Shizen Energy representative director Masaya Hasegawa said: “Taking action for the blue planet is our company’s foremost priority, and we hope to pass the blue planet on to the future generations.

“To achieve this goal, we aim to grow as a company and cooperate with other businesses worldwide to shape our common future.

“We strongly believe that our partnership with Northland will allow us to put that vision into action and bring us a step closer to making a positive impact on the future of our blue planet.”