From NOT A LOT OF PEOPLE KNOW THAT

By Paul Homewood

More news on the Mitsubishi story yesterday:

Offshore Windbiz reported on the original Japanese tender in 2021, when Mitsubishi were the only successful bidder:

The Mitsubishi-led consortia have been selected to build an 819 MW Yurihonjo wind farm offshore Akita Prefecture, a 478.8 MW Noshiro Mitane Oga project, also off Akita Prefecture, and a 390.6 MW Choshi project off Chiba Prefecture.

All three projects will feature GE Haliade-X wind turbines with an individual capacity of 12.6 MW.

GE will manufacture and deliver a total of 134 units for the three projects. The combined capacity of the three projects is around 1.7 GW.

The Ministry of Economy, Trade, and Industry (METI), and the Ministry of Land, Infrastructure, Transport, and Tourism (MLIT) said that five bidders competed to develop the Yurihonjo project, five to develop Noshiro Mitane Oga, and two to develop Choshi.

The Yurihonjo offshore wind farm will comprise 65 wind turbines scheduled to be fully commissioned by December 2030. The consortium behind the project comprises Mitsubishi Corporation Energy Solutions Ltd., Venti Japan Inc., C-Tech Corporation, and Mitsubishi Corporation.

The strike price for this project is JPY 11,990 per MWh (EUR 92.6 per MWh).

The Noshiro Mitane Oga will feature 38 wind turbines slated for full commissioning in December 2028. The consortium behind this project consists of Mitsubishi Corporation Energy Solutions Ltd., C-Tech Corporation, and Mitsubishi Corporation.

The project will deliver electricity at a strike price of JPY 13,260 per MWh (EUR 102 per MWh).

31 GE Haliade-X wind turbine will be installed at the Choshi wind farm, with the full commissioning expected in September 2028. Mitsubishi Corporation Energy Solutions Ltd., C-Tech Corporation, and Mitsubishi Corporation are jointly developing this project.

The strike price for Choshi is JPY 16,490 per MWh (EUR 127.35 per MWh).

Mitsubishi Only Winner in Japanese Offshore Wind Auction, GE Turbines for All Sites

It is not mentioned, but presumably these are at 2021 prices, and equate to between £79.83 and £109.78/MWh. At today’s prices, you can add 38%, in other words £110 and £151/MWh.