The Japanese utility Tokyo Electric Power (TEPCO) plans to develop between 6 GW and 7 GW new renewable energy capacity both in Japan and overseas. The group plans to focus on offshore wind power (2 GW of which to be built in Japan, including floating wind projects, and 2 GW overseas) and on hydropower operations in Japan and South East Asia.
TEPCO aims to gain a competitive advantage and will pursue new renewable energy projects instead of nuclear power. Renewables currently account for only 15% of its power output, which is less than any other Japanese power company. The company is seeking partners and expects to build its first wind park in Japan.
