German developer Wpd and Tokyo-based Japan Renewable Energy Company (JRE) have reached an agreement to invest in and co-develop the 300MW Saikai Enoshima offshore wind project in Nagasaki prefecture.

JRE is currently conducting a range of studies at the site, including environmental impact assessments and local consultations.

The cooperation comes after Japan’s economy, trade and industry ministry (METI) last year declared the project area as one of four “promising sea areas” for potential development under the country's offshore wind laws.