Tohoku Electric Power’s Joint Ventures with Invenergy Wind GK

Orrick Herrington & Sutcliffe LLP advised Green Power Investment (GPI) and Invenergy Wind GK (Invenergy) in relation to their joint venture agreements with Tohoku Electric Power Co., Ltd., one of the major utilities in Japan.

Tohoku Electric Power Companyannounced on December 18 that it decided to participate in three wind power generation projects –two in Aomori Prefecture and one in Iwate Prefecture. All of the three projects have been promoted by the consortiums lead by the Green Power Investment Corporation.

These joint ventures will enable the continuation of the development of three projects from GPI, the 480MW Tsugaru Offshore Wind Power project, the 70MW Fukaura Wind Power project and the 100MW Inaniwa Takko Wind Power project in Aomori and Iwate Prefectures, and the development of Invenergy’s 102MW Inaniwa Wind Project in Iwate Prefecture.

Tsugaru Offshore Wind Power Generation in Aomori is expected to start operation in 2028 with an output of 480,000kW. The Inaniwa Wind Project and is expected to start construction in 2023 and begin operations in 2025.

The Orrick team was led by Yoichi Katayama (Picture), and included Minako Wakabayashi, Yuko Inui, Jae-Hyon Ahn, Kentaro Shoji, Gohshun Kawamura.

Involved fees earner: Jae-Hyon Ahn – Orrick; Yuko Inui – Orrick; Yoichi Katayama – Orrick; Gohshun Kawamura – Orrick; Kentaro Shoji – Orrick; Minako Wakabayashi – Orrick;

Law Firms: Orrick;

Clients: Green Power Investment Corporation ; Invenergy Wind Development Japan GK ;

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Author: Michael Patrini