JFE to Build Monopile Capacity for Offshore Wind Power Generation
In offshore wind power generation, JFE Engineering will be engaged in monopile design and manufacturing and JFE Steel will supply thick, high-welding-efficiency heavy steel plates for monopiles. JFE Shoji will build a supply chain for steel and processed products and will provide key information and other expertise when the business expands into Taiwan, Southeast Asia, and elsewhere. In O&M, it intends to bring entire group’s knowhow to bear in generating synergies.
It estimates that the monopile market will be about 100,000 tons/year at startup in around FY2024, and then about 160,000 tonnes per year from around FY2027 before rising to 200,000 tonnes per year in the 2030s as the number of deep-water projects increases. JFE Engineering aims to do 80,000-100,000 tonnes per year of business by acquiring a 50% share of this market.
Offshore wind power foundation structures, projects such as the one off the coast of Japan’s Akita Prefecture are currently using materials imported from Europe