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Market News

 February 21, 2012
Floating Wind Farm to be Built off Fukushima

 Nameless reports floating around the internet make it clear that Japanese trading house Marubeni is planning on building a floating wind farm off the Fukushima coast in Japan.

The planned wind farm is expected to begin development in March and will be supported by the Japanese government via the reconstruction budget that was put into place after 2011 tsunami. Also involved are Mitsubishi Heavy Industries, Nippon Steel Corp, and Mitsui Engineering & Shipbuilding.

Given the success of the Kamisu near-shore wind farm during the tsunami in 2011, and the vital electricity it provided in the wake of the disaster, floating wind farms are definitely a smart move for Japan to make.