Marubeni to Invest Billions in UK Offshore Wind, Green Hydrogen Projects

Japan’s trading company Marubeni has signed with the UK government an MoU for cooperation in clean energy projects, including offshore wind and green hydrogen businesses, in the UK.

The deal signed on Wednesday affirms the partnership between the UK Government and Marubeni, indicating the UK Government’s commitment to supporting Marubeni’s plans, with its partners, to invest approximately £10 billion in clean energy projects over the next 10 years.

The top management of the company told reporters, in accordance with various media leaks, that Japan and the UK are both important markets as demand for offshore wind power, clean energy, and hydrogen are expected to grow.

Marubeni will leverage its collaboration with the UK government and local governments to promote clean energy projects in the UK and contribute to the UK’s goal of achieving net zero GHG emissions, while also feeding back the knowledge and experience gained through its UK operations to Japan, thus actively contributing to Japan’s decarbonisation efforts.

In fact, the UK government has committed to the UK achieving net zero greenhouse gas emissions by 2050.

In addition, the country is aiming by 2030, to deploy offshore wind farms with a total capacity of up to 50 GW, which will include up to 5 GW of floating offshore wind farms and 10 GW of production capacity for low carbon hydrogen.

The Japanese company signed an MoU in November 2021 with Scottish Enterprise on comprehensive collaboration for the decarbonisation of Scotland through floating offshore wind and green hydrogen businesses.