May 16 (Renewables Now) - Japan’s Electric Power Development Co (TYO:9513), operating as J-Power, has signed an agreement with Australian renewable energy firm Genex Power Ltd (ASX:GNX) to co-develop up to 200-MW of wind power in Queensland, it announced on Monday.
The agreed scheme is named the Kidston Stage-3 Wind Project (K3W) and is rooted in the November 2020 memorandum of understanding between J-Power and Genex. Since then, the parties carried out initial assessments, including wind and environmental surveys, and land negotiations at K3W candidate sites, J-Power said.
The duo expects to break ground some time in 2023, while the wind farm could start commercial operation in 2025.
J-Power added that it is committed to continuing its overseas expansion. The Japanese company has stakes amounting to 781 MW in 3,031 MW of operational renewable energy capacity in Australia, China, the Philippines, Thailand and the UK.