RWE plans further Japan offshore wind push after Niigata win, S.Korea in focus [Reuters]
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Source: Reuters
TOKYO, Jan 19 (Reuters) - German renewable energy company RWE (RWEG.DE) , opens new tab plans further expansions into Japan's offshore wind sector after winning its first project last month, a senior executive told Reuters, and also considers South Korea a promising market. RWE, the world's second-biggest offshore wind company, won the right to build a 684-megawatt (MW) wind farm in Niigata prefecture in northern Japan in a consortium with Mitsui & Co (8031.T) , opens new tab and Osaka Gas (9532.T) , opens new tab as part of the second round of Japanese state auctions. RWE plans to launch the farm in June 2029 and will share capital expenditures with partners based on their share, Sven Utermohlen, CEO of RWE Offshore Wind, said on Wednesday. He declined to disclose the share and investments. "Our average (capital expenditure) assumption for our wind farms is approximately 3 million euros ($3.27 million) per megawatt," Utermohlen said, noting the average cost has risen because o
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