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Investors to Set Up Floating Wind Turbine Off Fukushima

Jun 18, 2013

A group led by Marubeni Corp. (8002) is setting up a floating wind turbine off the coast of Fukushima, aiming to commercializing the unproven technology and create an industry in the region ravaged by the earthquake in 2011.

The 11-member group plans this month to tow a Hitachi Ltd (6501).- made turbine mounted to a semi-submersible structure from a dock near Tokyo, said Takahide Soeda, an official at the Ministry of Economy, Trade and Industry. The 2-megawatt turbine, funded by the Japanese government, is expected to start running in mid-October.