Aker Offshore Wind and sister company Mainstream Renewable Power are poised to enter the Japanese floating wind sector with a 50% stake in an 800MW project.

The two European players have been selected as preferred bidders for the share in the project under development by US-based Progression Energy, and the three will now enter negotiations over forming a special purpose vehicle to advance what’s described as a “well-formed early-stage development asset”.

Floating wind is tipped to play a key role in Japan’s future offshore wind plans, which include a headline goal to develop up to 45GW by 2040, and tenders for large-scale floating development are expected to follow early auctions for fixed-bottom capacity.