Japan’s largest wind generation company built a bridgehead in Australia to enter the Australian wind generation market. Eurus Energy agreed with AGL, Australia’s leading integrated renewable energy company, that it would acquire the wind generation plant AGL constructed in the southern part of Australia for about 15 billion yen. The plant that was completed in March this year has 25 wind generators with a total output of 52,500 kW. The generated power will be sold to AGL’s subsidiary for 24 years to supply electricity to 27,000 households. Eurus Energy was founded jointly by Tokyo Electric Power Company and Toyota Tsusho.
Eurus Energy is doing generation business in 7 countries with a total output of 2,100,000 kW, of which 820,000 kW is in Europe, 630,000 kW is in the U.S., and 530,000 kW is in Japan. The company is actively trying to increase business responding to the special measures that ask electric power companies to purchase renewable energy scheduled for enactment coming July. It has been exploring the possibility to expand business in the markets other than those in the northern hemisphere to diversify the risk of concentrating on specific regions.
Generating windmills operated by Eurus Energy in Japan