Green Giraffe Advisory supports Mitsui, RWE and Osaka Gas in securing 684 MW project in Japanese offshore wind auction

Offshore wind, 23 January 2024

Green Giraffe Advisory (“Green Giraffe”), a global energy transition financial advisor, has advised the consortium of Mitsui & Co., Ltd. (“Mitsui”), RWE Offshore Wind Japan Murakami-Tainai K.K. (“RWE”) and Osaka Gas Co., Ltd. (“Osaka Gas”) in their successful bid to deliver a commercial-scale offshore wind project off the coast of the cities of Murakami and Tainai, Niigata Prefecture, Japan.

The Japanese Government has appointed the consortium to develop, construct and operate a fixed-bottom offshore wind farm off the country’s west coast. This is in line with the country’s commitment to expanding offshore wind capacity as an integral part of its sustainable energy goal to become carbon neutral by 2050.

With a planned capacity of 684 MW, the project will make a significant contribution to the country’s renewable energy targets as well as its economic growth and environmental sustainability. The project will also foster local job creation and strengthen domestic as well as regional supply chains.

Green Giraffe’s team in Tokyo is comprised of experienced renewable energy and finance specialists. The project team was closely supported by Green Giraffe team members from APAC and European offices, combining local expertise with extensive international offshore wind knowledge.

Jun Kasamatsu, Country Head, Japan, Green Giraffe says: “We are honored to have supported the consortium of Mitsui, RWE and Osaka Gas and congratulate them for their achievement. This announcement by the Japanese Government is an exciting and mission critical step in the journey to decarbonise Japan’s electricity generation.”

Matthew Taylor, Director, Green Giraffe says: “Our goal is to bring and leverage our industry pioneering energy transition knowledge and experience to help Japan achieve its ambitious decarbonization goals in both the near term and long term. We are delighted to support world-leading sponsors in delivering projects in both Japan and the wider APAC region. Congratulations to Mitsui, RWE and Osaka Gas!”


About Green Giraffe

Launched in 2010 and with offices in Boston, Cape Town, Hamburg, London, Madrid, Paris, Singapore, Sydney, Tokyo, and Utrecht, Green Giraffe Advisory offers bespoke financial advice, market intelligence and development services in all renewable and energy transition technologies.


For more information, please contact:

Mr. Jun Kasamatsu – Country Head, Japan