Marubeni will collaborate with the UK government on clean energy projects

Japan’s Marubeni Corporation has signed a memorandum of understanding with the UK Government’s Department for Business and Trade to collaborate on clean energy projects, especially offshore wind and green hydrogen initiatives in the UK. This agreement strengthens the partnership between Marubeni and the UK Government, demonstrating the Government’s commitment to supporting Marubeni’s plans to invest nearly £10 billion in clean energy projects over the next decade.

The UK government has set a target of reaching zero greenhouse gas emissions by 2050. To contribute to this, the country plans to deploy up to 50 GW of offshore wind capacity by 2030, including 5 GW of floating wind and 10 GW of Low carbon hydrogen. Production capacity.

According to an EnergyPulse report by RenewableUK, the UK currently has a total of 98 GW of offshore wind capacity under development, making it the second largest country after China, which has 157 GW in development. This development includes projects at different stages, from operational to planned.

Marubeni is actively pursuing clean energy projects in the UK. In November 2021, the company signed a memorandum of understanding with Scottish Enterprise to collaborate on floating wind projects and green hydrogen initiatives in Scotland. In addition, Marubeni, in collaboration with Sumitomo and Sumitomo Electric Industries, has committed to investing £14.2 billion in offshore wind projects, green hydrogen and the offshore wind supply chain in the UK.

Marubeni is currently working in collaboration with SSE Renewables and Copenhagen Infrastructure Partners (CIP) to develop one of the world’s largest floating wind farms in Scotland. The company opened its first UK office in Glasgow last year to support offshore wind and green hydrogen projects in the country.

See also  Infrastructure assets least affected: Fitch Ratings

sources:
– Marubeni
– EnergyPulse report from RenewableUK

Leave a Reply

Your email address will not be published. Required fields are marked *