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K2 Management (K2M), a top renewable energy engineering and project management consulting firm, has been appointed technical advisor to the Goto Floating Turbine Farm (Goto), the first floating offshore wind farm of its kind in Japan.
The 16.8MW GotoFloating Wind Farm, which is to be constructed off the coast of Nagasaki Prefecture’s Goto City, Nagasaki, will be developed by Toda Corporation. It includes Eneos Corporation and Osaka Gas, Inpec Corporation Kansai Electric Power, and Chubu Electric Power. Construction is expected to start later in the year with commissioning scheduled for 2024.
Japan is well-placed to develop an offshore wind sector. The country is facing topographical constraints that limit its onshore potential. However, the high level of project activity and the number of upcoming leasing rounds show the country’s keen interest in floating wind development to support its decarbonization goals.
Japan has the seventh-longest coastline in the world. The country also has a goal to reach carbon neutrality by 2050. Japan’s Green Growth Strategy was recently launched. It highlights offshore wind power as an area with high growth potential. To realize this potential, investors and lenders must have confidence in the Japanese offshore wind industry. This is possible by implementing best-in-class risk assessments and due diligence during early-stage project development.
K2M, as technical advisor, will perform pre-construction technical due diligence. K2M will focus on the risks associated with floating wind technology and Japanese markets. The organization has provided support to developers, investors, and lenders in the development of Japanese offshore wind projects, with an estimated total capacity of over 4.5GW.
Rahul Kohli is a Senior Consultant and Project Manager for the Goto assignment of K2 Management. He said, “Goto Floating Wind Farm was a tremendously exciting project to get involved in. It is Japan’s first floating wind project on a commercial scale. The wider construction will also provide a solid foundation for the development and supply chain of Japanese floating offshore wind industries.
Rahul said, “At K2 Management we aspire to bring value to clients by combining technical advisory and project experience from global floating projects with local knowledge of Japanese needs.”