Long-term growth through large-scale offshore wind power
First written in FY2017. 10 of 15 entries say "Advanced", first in FY2019-Q2. Latest entry: FY2024.
1 other company's latest entry also says "Advanced".
- FY2024AdvancedAnnual report
「Hakodate City, Hokkaido (geothermal) | Undetermined | - | Environmental impact assessment method statement completed | Company-led; Isumi City, Chiba Prefecture (offshore wind) | Approx. [350-450] | - | Scoping document completed | Company-led; Karatsu City, Saga Prefecture (offshore wind) | Undetermined | - | Scoping document completed | Company-led」
Even after not being selected for the Yurihonjo City offshore project, the company continued developing the approximately 350-450 MW Isumi City offshore wind project, the Karatsu offshore project and the Hakodate Esan geothermal project as early-stage investment projects, and reported progress in their environmental impact assessments. - FY2022Annual confirmation of non-selection in public offering and lossAnnual report
「The equity-method investment income or loss related to Akita Yurihonjo Offshore Wind GK includes an equity-method investment loss of ¥2,929 million resulting from the company's equity-method affiliate, Akita Yurihonjo Offshore Wind GK, not being selected by the Ministry of Economy, Trade and Industry and the Ministry of Land, Infrastructure, Transport and Tourism as the operator of the offshore renewable energy power generation facilities development promotion area off Yurihonjo City, Akita Prefecture (north and south).」
The non-selection of the Yurihonjo City offshore project and the ¥2,929 million equity-method investment loss were reconfirmed as results in the annual financial statements. - FY2022-Q3Not selected in public offering; investment loss recordedAnnual report
「In the project under development, Akita Yurihonjo Offshore Wind GK, the company's equity-method affiliate for the Akita Yurihonjo Offshore Wind Project, applied to become the operator of the offshore renewable energy power generation facilities development promotion area off Yurihonjo City, Akita Prefecture (north and south), under the Act on Promoting the Utilization of Sea Areas for the Development of Marine Renewable Energy Power Generation Facilities. The results of the operator selection process were announced by the Ministry of Economy, Trade and Industry and the Ministry of Land, Infrastructure, Transport and Tourism on 24 December 2021, and the company was not selected as the operator. Based on the selection results of this public offering, the company recorded an equity-method investment loss on its investment in Akita Yurihonjo Offshore Wind GK.」
The Yurihonjo offshore wind project was not selected as the operator in the public offering on 24 December 2021, and an equity-method investment loss was recorded on the investment in the project. - FY2022-Q2AdvancedAnnual report
「The company is also developing an offshore wind power project off Isumi City, Chiba Prefecture, and is conducting wind condition surveys, sonic surveys and other studies in the area. In September 2021, the area off Isumi City, Chiba Prefecture, was designated as a promising area under the Act on Promoting the Utilization of Sea Areas for the Development of Marine Renewable Energy Power Generation Facilities. In addition, the company is expanding its initiatives in large-scale offshore wind power projects, including conducting studies for an offshore wind project off Karatsu, Saga Prefecture.」
In addition to the area off Yurihonjo City, the area off Isumi City, Chiba Prefecture, was designated as a promising area in September 2021. The company has expanded its offshore wind development activities to include wind condition and sonic surveys, as well as studies off Karatsu, Saga Prefecture. - FY2022-Q1AdvancedAnnual report
「In addition, the public offering process under the Act on Promoting the Utilization of Sea Areas for the Development of Marine Renewable Energy Power Generation Facilities began in November 2020 for the area off Yurihonjo, Akita Prefecture, where we are advancing offshore wind development. We submitted the public offering occupancy plan in May 2021. An operator is expected to be selected from autumn of this year onward.」
For the offshore wind project off Yurihonjo City, a public offering occupancy plan was submitted in May 2021, and the project advanced to the operator selection stage, expected to begin in autumn or later. - FY2021AdvancedAnnual report
「The area off Yurihonjo has been designated as a promotion zone under the Act on Promoting the Utilization of Sea Areas for the Development of Marine Renewable Energy Power Generation Facilities, and is in the process of selecting an operator through a public offering.」
Following its designation as a promotion zone, the offshore wind project off Yurihonjo progressed to the operator selection stage through a public offering, with submission of the public offering occupancy plan scheduled for May 2021. - FY2021-Q1AdvancedAnnual report
「In July 2020, the area off Yurihonjo, Akita Prefecture, where we are advancing development, was designated as a promotion zone under the Act on Promoting the Utilization of Sea Areas for the Development of Marine Renewable Energy Power Generation Facilities. An operator will subsequently be selected through a public offering.」
The offshore wind development area off Yurihonjo, Akita Prefecture, was designated as a promotion zone and progressed to the stage of selecting an operator through a public offering. - FY2020-Q3AdvancedAnnual report
「A council was organised for the area off Yurihonjo, Akita Prefecture, and the first and second council meetings were held in October 2019 and December 2019, respectively.」
For offshore wind development off Yurihonjo, Akita Prefecture, a council was organised toward designation as a promotion zone, and the first and second council meetings were held in October and December 2019, respectively. - FY2020-Q2AdvancedAnnual report
「In the offshore wind power business, the area off Yurihonjo, Akita Prefecture, where we are developing a project, was designated in July 2019 as a promising area under the Act on Promoting the Utilization of Sea Areas for the Development of Marine Renewable Energy Power Generation Facilities. If the area is subsequently designated as a promotion zone, an operator will be selected through a public offering. We are conducting an environmental impact assessment for the area, and are proceeding with the required procedures, including publishing and making the draft assessment available for public inspection in October 2019 and holding statutory briefing sessions in the 3 cities of Akita, Nikaho and Yurihonjo, Akita Prefecture.」
The offshore wind area off Yurihonjo, Akita Prefecture, was designated a promising area in July 2019. The environmental assessment progressed in October 2019 to publication and public inspection of the draft assessment and statutory briefing sessions in 3 cities. - FY2020-Q1AdvancedAnnual report
「Beginning in the first quarter of the current fiscal year, 秋田由利本荘洋上風力合同会社 was included within the scope of the equity method because its importance had increased.」
The importance of 秋田由利本荘洋上風力合同会社 increased, and it became subject to disclosure as an equity-method company from the first quarter of fiscal 2019. - FY2019-Q3AdvancedAnnual report
「During the six-month period from June to November 2018, investments in affiliates comprised ¥482 million in 苅田バイオマスエナジー株式会社, although the balance of investments in affiliates decreased by ¥180 million due to the elimination of unrealised profits related to business development fees and other items from 苅田バイオマスエナジー株式会社 to the company, and a ¥1,544 million capital increase in 秋田由利本荘洋上風力合同会社.」
The capital increase in 秋田由利本荘洋上風力合同会社 amounted to ¥1,544 million during the period, indicating continued capital investment in offshore wind development. - FY2019-Q2AdvancedAnnual report
「During the consolidated fiscal year under review, from 1 June 2018 to 31 March 2019, investments in affiliates comprised ¥482 million in 苅田バイオマスエナジー株式会社, although the balance of investments in affiliates decreased by ¥178 million due to the elimination of unrealised profits related to business development fees from 苅田バイオマスエナジー株式会社 to the company, and a ¥1,254 million capital increase in 秋田由利本荘洋上風力合同会社.」
The company contributed ¥1,254 million to 秋田由利本荘洋上風力合同会社 through a capital increase and stated that the company was pursuing the development of an offshore wind power business. - FY2018RestatedAnnual report
「We will invest management resources in large-scale offshore wind power, the most advanced area of renewable energy, to achieve further growth in shareholder value.」
The company continues to position large-scale offshore wind as a pillar of medium- to long-term growth. - FY2018-Q2RestatedAnnual report
「This is to prepare for further adoption of renewable energy and strengthen our commitment to Akita Prefecture, where we are planning a large-scale offshore wind power business.」
The company has reaffirmed the relationship between the large-scale offshore wind project planned off Akita Prefecture and the reasons for making URE a subsidiary, but has not reported any new progress, such as completion of the offshore wind project. - FY2017First statedAnnual report
「We will invest management resources in large-scale offshore wind power, the most advanced area of renewable energy, to achieve long-term growth in shareholder value.」
The company has positioned large-scale offshore wind as an advanced field and a pillar of long-term growth, and has indicated a policy of investing management resources in it.