Japan's Eurus sees wind doubling

The boss of Japanese power producer Eurus Energy said it plans to build more projects in the US and Europe as part of an effort to double its installed wind capacity over the next five years.

Eurus CEO Masami Shimizu told The Asahi Shimbun newspaper that the company will invest about 280bn yen ($2.76bn) to help it meet the target.

Eurus currently has about 2.1GW of wind projects in operation around the world, according to its website.

Shimizu told the newspaper that along with the overseas expansion Eurus will try to speed up the development of wind projects on state-owned land in Japan, but wants the approvals process to be shortened significantly.

Eurus is 60% owned by Toyota Tsusho Corporation, with the remainder held by Tokyo Electric Power Corporation (TEPCO).

The developer in March ordered 51MW of Siemens turbines for a wind farm project on Japan’s northwest coast.

Overseas, it entered the South American wind market for the first time by taking a minority stake in a project in Uruguay.

Eurus has 573MW of wind operating in the US and 834MW in Europe.

The company has also emerged as a significant solar developer in its domestic market.