OEG Renewables and Sojitz Machinery Corporation sign an MoU to offer renewable service solutions to the growing offshore wind market in Japan.
OEG Energy Group Limited (“OEG”, the “Group”), a leading offshore solutions business, is pleased to announce the signing of a Memorandum of Understanding (“MoU”) between OEG Renewables (“OEGR”) and Sojitz Machinery Corporation (“SOMAC”) in relation to the provision of pre-construction, construction support, operations and maintenance (“O&M”) and vessel services to offshore wind projects in Japan.
The partnership between OEGR and SOMAC, combines OEGR’s experience in delivering offshore energy solutions and SOMAC’s extensive in-country capabilities and resources to target the Japanese offshore wind market which is experiencing positive market drivers and significant growth potential. In the coming years 3.5GW is planned to be added to the existing 259.5MW installed capacity as Japan targets 10GW by 2030 and up to 35-40GW by 2040, including from floating offshore wind, as part of its goal to reach net-zero emissions by 2050.
OEGR has successfully positioned itself as a strategic partner for offshore wind farm developers in Taiwan and in other key global markets, leveraging its expanded range of specialist services to deliver excellence for its clients. In Taiwan, OEGR has provided integrated service solutions to all the major offshore wind developments, supporting their construction, and O&M programs. Most recently OEGR completed a successful O&M program on Taiwan’s first two operational offshore substations on the Ørsted Greater Changhua offshore wind farm.
SOMAC is a trading company dealing in a full range of industrial machinery, offering total support for its customer’s growth in Japan and beyond. The company engages in a full range of business, export, import and domestic and overseas trading of plants, equipment, materials and machinery used in steelmaking, chemicals, electric power, marine, automobile, home electric appliances, electronic devices, and many other industrial sectors, while also offering functions essential for introducing equipment and launching overseas operations. SOMAC is a core member of the general trading company the Sojitz Group, has around 400 employees, and is headquartered in Tokyo with offices in six other cities around Japan, in nine cities all over the world.
In all its global locations OEGR has demonstrated a strong commitment to foster local teams and resources which provides deeper alignment and engagement with our clients and local communities and supports the advancement of the energy transition.
Eric Briar, Managing Director OEG Renewables and Takahiro Morikawa, General Manager Sojitz Machinery Corporation signed the MoU in Tokyo in SOMAC’s Head Office on 31 May 2024 at a signing ceremony.
Kevin Wu, Regional Director (OEG Renewables) APAC said:
By partnering with SOMAC, a company with a deep heritage and extensive experience across multiple industrial sectors in Japan and the wider region, OEG Renewables has a strong credible strategic partner with which to grow and develop its integrated service offering in Japan's growing offshore wind sector. OEGR will leverage its position as the most experienced global provider of specialist subsea, topside, marine and cable services for offshore wind projects, with a deep commitment to investing in strong local teams to ensure long-term value for our regional stakeholders.
Takahiro Morikawa, General Manager (SOMAC) said:
We start to the next stage in Japan’s offshore wind market by cooperation with OEGR who has much experience offering a wide range of services in the offshore wind market, and also has success offering integrated solutions for OEMs and wind farm developers. SOMAC will support and provide OEGR’s services coordinated with our Japanese resources, based on our long history especially in industrial facility and marine markets.