ORIX Gets on Board Kashima Port Offshore Wind Project

ORIX has agreed to participate in the joint development and construction of Kashima Port Large-Scale Offshore Wind Farm which is to be built offshore of Kashima Port in Kamisu City, Ibaraki Prefecture.

The equity investment by ORIX into the project company was also completed today.

The project involves the installation of 20 wind turbines offshore of Kashima port, with each turbine possessing output capacity of 5,000 kW. The project aims to create the largest commercial offshore wind farm business in both Asia and Japan with the maximum output of approximately 100,000 kW (approximately 100 MW) and a projected annual power generation of approximately 245 million kWh. The wind farm planning and construction will be carried out by Wind Power Energy K.K., a special purpose company jointly invested by ORIX, Wind Power Group, and SB Energy. This is the first time ORIX has taken part in an offshore wind farm project.

The Wind Power Group K.K., SB Energy, and ORIX will aim for further expansion and wider usage of renewable energies through the development and operation of renewable energy power plants, including wind farms.