OMNI Features｜Analysis Report on Offshore Wind Potential in Japan: Fixed-Bottom 70 GW & Floating Wind 2,396 GW．South Korea's Jeollanam-do and 5 Companies Signed an Investment MoU of 3.9 Trillion KRW for Clean Hydrogen Industry Cluster at Myodo
OMNI Features｜Analysis Report on Offshore Wind Potential in Japan: Fixed-Bottom 70 GW & Floating Wind 2,396 GW．South Korea's Jeollanam-do and 5 Companies Signed an Investment MoU of 3.9 Trillion KRW for Clean Hydrogen Industry Cluster at Myodo
Japan's 2050 potential offshore wind power areas (factoring in vessel traffic density)
（Source：MRI）
｜Analysis Report on Offshore Wind Potential in Japan: Fixed-Bottom 70 GW, Floating Wind 2,396 GW
On April 25th, Mitsubishi Research Institute (MRI) released a research report on offshore wind areas in Japan. The report estimated the total potential area of offshore wind regions, taking into account the density of vessel traffic. The findings revealed a potential equivalent of 70 GW for fixed-bottom offshore wind installations and 2,397 GW for floating offshore wind power.
Titled "Japan's Offshore Wind Potential: Towards a Synergistic Cycle of Offshore Wind and Fisheries," (日本の洋上風力ポテンシャル海域─洋上風力と漁業の未来共創につながる好循環の形成に向けて─), the report summarized dialogues between both industries to identify development areas under the premise of cooperation between offshore wind and fisheries. The analysis examined natural environmental data such as wind speed and water depth, utilizing data analysis of potential offshore wind areas based on maritime areas, including vessel navigation status and fishing rights.
However, the current analysis did not consider all natural conditions, social conditions, and marine utilization such as fisheries, thus it is expected that the actual development area may be significantly reduced.
These analytical results are based on Japan's national installation capacity target of 30-45 GW by 2040 (including floating wind power), as well as offshore wind installation capacity estimated to achieve the 100 GW carbon neutrality goal by 2050, as per the estimates of the Japan Wind Power Association (JWPA). These figures represent only a small percentage of the estimated values in their report, indicating the possibility of achieving the above targets in the future with minimal impact on vessel navigation and fisheries.
｜South Korea's Jeollanam-do and 5 Companies Signed an Investment MoU of 3.9 Trillion KRW for "Clean Hydrogen Energy Industry Cluster" at Myodo
On March 29th, South Korea's Jeollanam-do announced the signing of an investment MoU worth 3.92 trillion KRW with 5 companies. According to the agreement, a clean hydrogen energy industry hub will be established in Myodo, located in the city of Yeosu, Jeollanam-do, covering areas such as hydrogen production, storage and transportation, carbon capture and utilization, and hydrogen power generation.
The project involves the "Northeast Asia LNG Hub Terminal," which will construct new liquefied natural gas (LNG) port infrastructure to supply LNG to companies in need. In addition, industrial gas manufacturer Linde Korea plans to establish a hydrogen production plant using LNG to produce blue hydrogen, while shipping company EcoLog will be responsible for capturing and liquefying the CO2 emitted during the process and transporting it to overseas storage sites.
EcoLog stated that the produced clean hydrogen energy will be used for Combined Heat & Power (CHP) and Combined Cycle Gas Turbine (CCGT) in Myodo, as well as for hydrogen fuel cell power generation to produce heat and electricity.
To successfully build the Myodo clean hydrogen energy industry cluster, plans are to establish a "Hydrogen Comprehensive Platform" in the Gwangyang area and collaborate with local universities, companies, and research institutions to support technology development and train professionals. Additionally, the government plans to designate Myodo as an Opportunity Zone, with bold tax incentives and special regulatory measures expected to be provided.
