MOL and EDF Renewables Partner up for Offshore Wind and Green Hydrogen Opportunities

(Mitsui O.S.K. Lines) Mitsui O.S.K. Lines, Ltd. (MOL) and EDF Renewables have signed a memorandum of understanding (MoU) to cooperate in acceleration of the development of offshore wind and related business and to encourage developments in Green Hydrogen.

EDF Renewables is an international energy company, active in more than 20 Countries, with a more than 10-year experience in offshore wind, including in leading technology development in floating wind. MOL is a leading shipping company combining extensive worldwide experience in the maritime sectors and offshore business.

With this MoU, both partners wish to collaborate and bring together their respective and complementary expertise and experience in offshore wind energy as well as in green hydrogen solutions.

EDF Renewables and MOL aim to contribute to offshore wind energy goals and meet hydrogen strategies towards a net zero carbon future.

Floating offshore turbine of Provence Grand Large (France), the first worldwide using TLP technology
©CAPA CORPORATE/EDF RENEWABLES

Frèdèric Belloy, Executive Vice President of International Operations for EDF Renewables said: "We are very pleased to accelerate our partnership with MOL. As part of a global leader group in low carbon energy with a significant growth ambition in renewables and a more than 10-year experience in offshore wind, we're very keen to the future innovation on maritime transport both in offshore wind business and green hydrogen development worldwide and committed to contribute to Japan's energy transition."

Masayuki Sugiyama, Executive Officer, Wind Power Project & Carbon Power Solution, MOL, said: "We are honoured to have the opportunity to deepen our collaboration through this MoU. With EDF Renewables, who has vast experience in developing and operating offshore wind farms and green hydrogen projects internationally, we believe this collaboration would accelerate the development of offshore wind farm and green hydrogen projects all over the world.".

(President & CEO, Takeshi Hashimoto, Headquarters: Minato-ku, Tokyo)
MOL, is a leading shipping company, operating on a global scale with about 800 vessels in service. MOL develops various social infrastructure businesses centred on ocean shipping, as well as technologies and services to meet ever-changing social needs including environmental protection. As for environmental protection, the MOL Group set forth the "MOL Group Environmental Vision 2.2" to promote the reduction of greenhouse gas (GHG) emissions from the group and from society at large through a concerted group-wide effort. One of the initiatives to contribute to the reduction of society's GHG emission is offshore wind power business. MOL is offering a range of services in the value chains of offshore wind power business where we can utilise our experience and expertise of maritime transport and offshore businesses (FSRU, FPSO, etc.). MOL has two pillars in offshore wind power business. One is supply chain services for offshore wind farms such as construction and logistics, marine consultation, and O&M, and the other is the development of offshore wind farms including participation in Formosa1 offshore wind power project. MOL will accumulate experience and expertise in fixed-bottom offshore wind power generation and supply chain business and attempt to become a leading company which has its strengths in floating offshore wind power generation.

(President & CEO, Bruno Bensasson, Headquarters: Paris, France)
EDF Renewables is an international energy company which develops, builds, and operates renewable power generation plants. As a major player in the energy transition worldwide, EDF Renewables deploys, within EDF, competitive, responsible and value-creating projects. In every country, our teams show their commitment to local stakeholders every day, adding their expertise and capacity for innovation to the fight against climate change. At the end of 2022, EDF Renewables operates a net installed wind and solar capacity of 11.4 GW (18.5 GW gross) worldwide. Mainly present in Europe and North America, EDF Renewables is pursuing its development by taking a position in promising emerging markets such as: Brazil, China, India, South Africa and in the Middle East. Historically active in onshore wind and photovoltaics, the Company is now strongly positioned on offshore wind and floating wind as well as in new technologies such as energy storage, floating solar and agrivoltaism.

EDF Renewables Japan K.K. was established in June 2022 with a local team based in Tokyo to support the goals that Japan has set for itself in terms of renewable energies. 80% of the Japanese offshore wind potential requires floating wind projects, an emerging market with only few farms that are already in operation in the world, although it is a promising technology to address seabed deepness. EDF Renewables, in line with its long-term strategy and strong ambitions in floating offshore, is willing to use the lessons learned we get from our projects in France and worldwide, in terms of technology, environmental studies, consent with the local stakeholders, Governmental bodies trustable relationship in order to propose quality, innovative and competitive solutions to be delivered on time. The presence in Japan will not only relies on offshore wind and EDF Renewables will study opportunities given by the Japanese government to develop green hydrogen projects, in line with EDF's Hydrogen Plan that aims to develop 3 GW of electrolytic hydrogen projects worldwide by 2030. For more information: https://www.edf-renouvelables.com/en/ Follow us on LinkedIn https://www.linkedin.com/company/edf-renouvelables and on X(Twitter) @EDF_RE in French and @EDF_Renewables English. READ MORE