Chugoku Electric Power and Toda Corp Acquire Stake in 54 MW Masuda-Hikimi Wind Project in Shimane Prefecture, Japan
Chugoku Electric Power Co Ltd and Toda Corp have acquired an undisclosed equity stake in the 54 MW Masuda-Hikimi Wind Power Project in Shimane Prefecture, Japan, from Mitsui OSK Lines and Hokutaku. The project features 13 wind turbines of 4.2 MW each and is developed through SPC Asia Wind Power. Construction is set to begin shortly, with operations scheduled for January 2030.
Transaction date:
Key facts
- Transaction date
- Technology
- Onshore Wind
- Capacity
- 54 MW
- Transaction price
- Not disclosed
- Buyer
- Chugoku Electric Power Co Ltd and Toda Corp
- Seller
- Mitsui OSK Lines Co Ltd and Hokutaku Co Ltd
- Country
- Japan
- Region
- Shimane Prefecture
- Location
- Masuda-Hikimi, Shimane Prefecture, Japan
- Continent
- Asia
- Development status
- Under Development
- PPA
- n.a.
Technology details
13 wind turbines, each with a capacity of 4.2 MW, totalling 54 MW. Development carried out through Asia Wind Power, the special purpose company (SPC) for the project. Construction to commence shortly, with commercial operations scheduled for January 2030.
Additional information
Stake size not disclosed. Following the transaction, Asia Wind Power has four investors: Chugoku Electric Power, Toda Corp, Mitsui OSK Lines and Hokutaku. Chugoku Electric Power (TYO: 9504) is a Japanese utility; Toda Corp (TYO: 1860) is a domestic construction and civil engineering company; Mitsui OSK Lines is a domestic transport company; Hokutaku is a wind equipment maintenance services firm.
Source
Compiled by Renewables.digital from public announcements.