New JERA President Determined To Reach Ambitious Offshore Wind Target

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The 58-year-old new president of JERA, Hisahide Okuda, stated in an interview with The Sankei Shimbun in late April that the company will "focus particularly on offshore wind power in Japan and Asia" for its renewable energy projects. JERA, which stands for Japan’s Energy for a New Era, is the largest power generation company in Japan and a joint venture of Tokyo Electric Power Company Holdings (TEPCO) and Chubu Electric Power.

Ambitious Targets

The company has set a target to introduce 5 million kilowatts of offshore wind power worldwide by 2025. But concrete prospects for achieving this goal currently stand at only around 2.8 million kilowatts. In March, JERA announced the acquisition of the Belgian offshore wind power giant Parkwind for approximately ¥220 billion JPY (€1.55 billion EUR). The company aims to take full advantage of Parkwind's technology and expertise to narrow this gap.

Okuda acknowledged that the numerical target is “quite high.” But he also emphasized that “without this development capability, we wouldn't stand a chance against the world’s top competitors.” He expressed his intention to take every possible measure to achieve the goal by 2025.

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(Read the article in Japanese.)

Author: The Sankei Shimbun

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