2025/03/27 Kanadevia, Taisei, and MOL Sign MoU on Commercialization of Offshore Wind Power Generation Creating a Platform for Knowledge Exchange and Cost Reduction

March 27, 2025

Kanadevia Corporation (President & Chief Operating Officer: Michi Kuwahara; Head Office: Osaka-shi, Osaka), Taisei Corporation (President and Chief Executive Officer: Yoshiro Aikawa; Head Office: Shinjuku-ku, Tokyo), and Mitsui O.S.K. Lines, Ltd. (President & CEO: Takeshi Hashimoto; Head Office: Minato-ku, Tokyo) today jointly announced the signing of memorandum of understanding (MoU) to collaborate on the commercialization of floating offshore wind power generation.

The 7th Strategic Energy Plan, which was approved by Japan's Cabinet on February 18, 2025, announced that an ambitious target for renewable energy to account for 40-50% of the nation's electricity mix by 2040, and offshore wind power is the key element in making renewable energy the nation's main source of power.
Moreover, Japan's surrounding waters, including the Exclusive Economic Zone (EEZ), hold significant potential for floating offshore wind power. As a result, there is strong anticipation for the rapid development and deployment of many wind farms. The rapid introduction of floating offshore wind turbines requires swift mass production of low-cost floating structures as well as the introduction of related towing and mooring technology to reduce costs and risks.

Against this backdrop, Kanadevia and Taisei, which specialize in construction and fabrication of floating foundations, and MOL, which has expertise in towing and mooring them, decided to share their knowledge and expertise, aim to create a forum for the study of construction methods that reduce costs and risks in areas where the fabrication of floating foundations and the towing and mooring of those structures foundations are interrelated, and to contribute to the development of the offshore wind power industry.

[Kanadevia Corporation]
Founded in 1881 with shipbuilding as its ancestral business. In 2002, the company spun off its shipbuilding business and made a major shift to the environmental business, and now operates in the areas of "decarbonization," "resource recycling," and "safe and prosperous urban development." In wind power generation, it develops businesses in both the onshore and offshore fields by leveraging its technologies and experience in large steel structures such as bridges and sluice gates, and offshore structures such as caissons, jackets, submerged tunnels, and buoys. For details, please refer to https://www.kanadevia.com/english/

[Taisei Corporation]
Since its founding in 1873, Taisei has been involved in numerous projects in line with social changes such as Japan's modernization, postwar reconstruction, economic growth, and globalization, in addition to the development of safe, secure, and attractive cities and social infrastructure. The company fulfills its social responsibility as a construction company by contributing to recovery and reconstruction efforts after large-scale natural disasters, as well as to building national resilience. For details, please refer to https://www.taisei.co.jp/english

[Mitsui O.S.K. Lines, Ltd.]
Founded in 1884, MOL is a leading company in the shipping industry that operates various social infrastructure businesses, centering on the oceangoing shipping business with a fleet of over 900 vessels. It is one of the first in the shipping industry to set a target of achieving net zero GHG emissions by 2050, and is committed to reduce GHG emissions including involvement in wind power business through concerted efforts as the group. For details, please refer to https://www.mol.co.jp/en/services/windpower/.