Pattern Energy announces the closing of financing for a wind power plant and storage unit off the coast of Japan. The developer and its affiliate in Japan, Green Power Investment Corporation (GPI), are launching a project of unprecedented scale in the country aimed at improving Japan’s energy efficiency.
Construction of an 8 MW facility has been launched about 3 km from Ishikari Bay, Hokkaido. The Ishikari Offshore Wind Project will create a power plant with a total capacity of 112 MW. The battery storage unit will have a capacity of 100 MW x 180 MWh.
Pattern Energy relies on experience
Pattern Energy collaborates with experts and local stakeholders. With GPI, the operator has laid the foundations for the development of an environmentally friendly project that is crucial to the development of renewable energy in Japan.
Mike Garland, CEO of Pattern Energy, says:
“With GPI we have built an in-house team of onshore and offshore wind experts. The Ishikari project is the culmination of over 15 years of planning.”
The operators were careful to take into account the specificities of the site as well as the community of Ishikari. GPI President Mitsuru Sakaki thanked the people of the region:
“We would like to thank the city of Ishikari and all those involved for their cooperation in promoting this project. We will start the work while being attentive to the environment, safety and local communities. It is an honor to promote renewable energy while protecting the cultural values of the region and developing vital infrastructure for the country.”
A large-scale project supported by many banks
The financing package was arranged by MUFG Bank, Sumitomo Mitsui Corporation, Sumitomo Mitsui Trust Bank, Mizuho Bank, and the Development Bank of Japan. Société Générale and Shinsei Bank also participated in the investment.
Mike Garland, stresses the importance of the project:
“This landmark project represents the largest wind power plant and storage unit as well as the first 8 MW capacity offshore facility in Japan. The group of leading financial institutions supporting the project is a testament to the strong demand for innovative solutions for sustainable development.”
Marketing in early 2023
The wind farm should be operational in December 2023. It will consist of 14 Siemens Gamesa 8 MW turbines. These are specifically designed for use at sea. The SG 8.0- 167 DD offshore turbine will meet the region’s standard standards for typhoon and seismic activity.
The turbines and foundation have received ClassNK certification attesting to the rigorous standards required by the Japanese government to approve construction.
