Offshore wind power generation business
Spreading the use of renewable energy through our offshore wind-power generation business
As the spread of wind-power generation progresses worldwide,
offshore wind-power generation—which involves the installation of wind turbines at
sea—has grown rapidly in recent years. Up till now, these facilities had been introduced
primarily in Europe, Taiwan and China, but demand is predicted to increase significantly
in other Asian nations, including Japan, and in North America.
The Japanese government’s “Vision for the Offshore Wind-Power
Industry,” published in 2020, sets various targets. The vision includes continuing to
designate promotion zones to generate around 1 gigawatt per year for 10 years for a
total of 10 gigawatts by 2030. Renewable energy accounts for an increasing percentage of
the electricity generated year after year and is expected to account for one-sixth of
the electricity generated worldwide by 2040.
JFE Shoji launched the Renewable Energy Steel Products Team in
July 2020 to expand our steel business in the renewable energy field and enhance our
structure. The team has been steadily implementing a strategy to maximize steel sales,
including promoting collaborations with Taiwanese companies. In addition, as an
initiative within the JFE Group, we formed a cross-company team with JFE Engineering and
JFE Steel and are seeking to commercialize the manufacture of base structures for
wind-power generators and the operation and maintenance of offshore wind farms. In
addition to promoting collaborations within the JFE Group, we are building an integrated
supply chain for steel sales and processing to help spread the use of renewable energy.