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One of World’s Top LNG Users Buys Into Offshore Wind Farms

Dec. 28, 2018, 3:13 PM

Japan’s Jera Co., one of the world’s biggest buyers of liquefied natural gas, is purchasing stakes in offshore wind plants it says can operate in concert with gas-fired generation.

The joint venture between Tokyo Electric Power Company Holdings Inc. and Chubu Electric Power Co. said it’s buying about a quarter of the 172.8-megawatt Gunfleet Sands development off the coast of southeast England from Marubeni Corp. and almost a third of the 128-megawatt Formosa 1 project in Taiwan.

It’s the first time the company has participated in offshore wind farms, and Jera plans to use knowledge and experience gained during the ...