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TOKYO, Oct 11 (Reuters) – Japan’s Marubeni Corp (8002.T) has pledged to invest 10 billion kilos ($12.3 billion) with partners over the following decade in clean power in the United Kingdom, according to a memorandum of understanding (MoU) signed on Wednesday.
Marubeni and the UK government signed the MoU, which includes Scotland’s floating offshore wind power business, in Tokyo.
“Japan and the UK are both critical markets as demand for offshore wind power, clean power, and hydrogen are anticipated to develop,” Hiroshi Tachigami, standard supervisor of Marubeni’s offshore wind and home renewable power department, told newshounds.
Marubeni, which plans to invest round 1 billion kilos by itself, expects reasonably quite quite a bit of aid from the UK government, including helping the offshore wind power undertaking to guarantee that actual income from selling power.
Among the many planned investments, the 3.6 gigawatt Ossian floating offshore wind farm in Scotland might be the finest undertaking, according to Marubeni.
($1=0.8143 kilos)
Reporting by Yuka Obayashi; editing by Muralikumar Anantharaman and Jason Neely
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