This project is expected to be the first bottom-fixed large-scale offshore wind power project in Japan funded 100 per cent on a commercial basis.

The project is also the first contract in Japan for Seajacks, which will commence offshore construction work on a large wind installation vessel called Zaratan in Japan in 2021.

Seajacks owns five offshore wind installation vessels, including one of the world's largest and most capable vessels called Scylla, and it has installed more than 450 wind turbines primarily in European waters. The company is an experienced operator of special-purpose vessels that support the establishment of offshore wind supply chain around the world including Japan, Taiwan and Europe.

In Asia, Seajacks signed Taiwan's first offshore turbine installation contract in 2018 for the Formosa 1 Phase 2 offshore wind farm project (120MW). It was the first offshore wind farm in Taiwan completed in 2019 on the basis of commercial financing.

In addition, Seajacks has secured two more contracts in Taiwan - the Formosa 2 offshore wind farm project (376MW), scheduled to begin installation in 2021, and the Greater Changhua offshore wind farm project (888MW), scheduled to begin installation in 2022.