J-POWER, Tokyo Electric Power Company Holdings (TEPCO), Chubu Electric Power, Kawasaki Kisen Kaisha (“K” Line), and Albatross Technology (Albatross) have entered into a joint research agreement for a next-generation floating axis wind demonstration project offshore Japan.

With limited shallow sea areas in Japan, there is a growing interest in floating offshore wind power because it can be deployed in deep water and to promote widespread adoption, it is essential to significantly reduce costs through technological development, the partners said.