Japan selects two groups for third offshore wind power round

Offshore Wind Development in Japan: Japan's industry and land ministries have selected two consortiums, including BP, to operate offshore wind farms as part of a strategy to achieve 10 GW by 2030 and 45 GW by 2040, amidst rising development costs and supply chain challenges.

International Partnerships: The recent auction reflects a trend of Japanese firms collaborating with international companies for expertise in renewable energy, as the government aims for renewables to comprise up to 50% of its electricity mix by 2040.