9 March 2020

Osaka Gas Co., Ltd.

Acacia Renewables K.K

Agreement to Cooperate on Offshore Wind Power Generation

Osaka Gas Co., Ltd.(President and Representative Director: Takehiro Honjo, hereinafter referred to as “Osaka Gas”)and Acacia Renewables K.K.*¹(CEO: Jun Ohashi, hereinafter referred to as “Acacia”)of Macquarie Group (“Macquarie”) have signed an agreement to cooperate on the development of offshore wind power generation in Japan. Osaka Gas and Acacia have commenced studies related to a specific offshore wind power project in Japan and will promote such developments by utilizing each party’s strengths in the area of wind power generation.

 

Osaka Gas has set the goal of developing and acquiring renewable energy power sources (“Renewable Energy”), on a scale of 1,000 MW in Japan and overseas by fiscal 2030, and is targeting to developing more energy power resources. Currently, Osaka Gas is developing and operating over 600MW*² of Renewable Energy*³ and owns 8 onshore wind farms (approximately 140MW)*² in Japan.

 

Acacia is Macquarie’s Japanese renewable energy development platform and currently has several onshore and offshore wind projects under development across Japan. Furthermore, Macquarie has participated in 16 offshore wind projects overseas, including the development of Formosa 1 (128MW), Taiwan's first commercial offshore wind project, where together with Formosa 2 and Formosa 3 could deliver up to 2.5GW of energy in Taiwan.

 

In Japan, the passing of the Act for Promotion of Utilization of Sea Areas in Development of Power Generation Facilities Using Maritime Renewable Energy Resources in April 2019 is expected to accelerate the development of offshore wind farms. With our collaboration by utilizing Osaka Gas’s knowledge of onshore wind farm development in Japan, as well as Macquarie’s knowledge of offshore wind farm development overseas, we wish to play a role in the promotion of offshore wind farms in Japan.

 

*¹:100% subsidiary.

*²:Including projects under construction and business decisions have been made.

*³:Solar power farm, onshore wind farm, biomass power farm, etc.

【Profile of Partner Companies】

<Osaka Gas>

.

Company Name

Osaka Gas Co., Ltd.

Head Office

4-1-2 Hiranomachi, Chuo-ku, Osaka 541-0046, Japan

Representative

Takehiro Honjo, President and Representative Director

Capital

132,166 million yen

Establishment

April 10, 1897

Scope of Business

Production, supply and sale of gas, power generation, supply, sale of electricity, etc.

<Acacia>

.

Company Name

Acacia Renewables K.K.

Head Office

Millennium Tsukiji 7F​ 2-15-19 Tsukiji, Chuo-ku, Tokyo, 104-0045 Japan

Representative

Jun Ohashi, CEO

Capital

90 million yen

Establishment

February 28, 2014

Scope of Business

Development, owning, investment, construction, operation, maintenance, and asset management activity for renewable energy power plant

Daigas Group’s initiatives on renewable energy are introduced on the following website page.

(For PC)https://www.osakagas.co.jp/company/renewable_energy/index.html

(For Mobile)https://www.osakagas.co.jp/sp/company/renewable_energy/index.html

【Press Inquiries】

Osaka Gas Co., Ltd.

Communications Dept., Media Relations Team         

TEL: 06-6205-4515

【Non-Press-Related Inquiries】

Osaka Gas Co., Ltd. 

Power Business Development Dept., LNG, Power & Engineering Business Unit

TEL: 06-6205-2388

Find out more about Acacia and Macquarie Group at https://www.acacia-renewables.com

and https://www.macquarie.com/jp/corporate

 

【Inquiries】

Acacia Renewables

TEL: +81 (0)3-6278-7495

info@acacia-renewables.com