According to the media announcement, Marubeni Corporation signed a Cooperation Agreement and a Participation Agreement with BP Alternative Energy Investments Limited, a 100% subsidiary of BP p.l.c, a leading integrated energy player in the world’s energy markets, to work together to achieve the development of offshore wind opportunities as well as potentially explore other decarbonization projects including hydrogen.
As a first step, Marubeni and BPAEIL have agreed to set up a joint venture in which BPAEIL participates in a 49% stake for selected potential offshore wind business opportunity in Japan.
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