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RWEOY Rwe Ag (PK)

29.35
0.13 (0.44%)
20 Dec 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Rwe Ag (PK) USOTC:RWEOY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.13 0.44% 29.35 24.75 29.58 29.47 29.03 29.03 165,538 22:00:00

RWE, Mitsui, Osaka Gas Secure Japanese Offshore Wind-Farm Project

13/12/2023 11:57am

Dow Jones News


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By Nina Kienle

 

RWE said it has been selected together with Mitsui & Co. and Osaka Gas by the Japanese government to construct and operate a commercial-scale wind farm off the coast of two Japanese cities.

The Germany-based energy company said Wednesday that the consortium would develop, construct and operate the offshore wind farm off the west coast cities of Murakami and Tainai, Niigata Prefecture. Financial details weren't disclosed.

The project is planned to have a capacity of 684 megawatts and is expected to consist of 38 winds turbines, significantly contributing to Japan's renewable-energy targets. It will also support the creation of local jobs and strengthen domestic and regional supply chains.

This marks RWE's first success in an offshore-wind project in Japan, the company said.

Full commissioning is scheduled for June 2029.

 

Write to Nina Kienle at nina.kienle@wsj.com

 

(END) Dow Jones Newswires

December 13, 2023 06:42 ET (11:42 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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