Tokyo Gas to enter Sweden and Finland

The Japanese gas company plans to set up shop in Sweden and Finland, having already launched a joint venture in Denmark with utility Ewii.
Photo: Tokyo Gas PR
Photo: Tokyo Gas PR

In January, reports came out that Japanese gas giant Tokyo Gas had teamed up with Danish utility Ewii for a joint venture called Towii Renewables.

Shortly after the announcement, EnergyWatch spoke to Tokyo Gas’ Development and Service Manager, Hiroyuki Suzuki, who made no secret of the fact that Denmark wasn’t the sole market of interest, stating that that ”also the Nordic countries are interesting.”

Friday, Bloomberg reports Tokyo Gas is poised to take the next steps in Scandinavia – albeit in a few years. By the mid-2020s, Tokyo Gas aims to enter both the Swedish and the Finnish markets, Manager of Development and Service at Tokyo Gas Hiroyuki Suzuki tells the news agency.

”Denmark is very good for the onshore wind market, that’s why we are starting there before expanding into Sweden and Finland,” Suzuki tells Bloomberg.

Towii Renewables, a 50-50 joint venture, pursues an ambition to develop 1GW of renewables by 2030.

Japanese gas giant seeks Danish onshore wind, PV farms and energy islands

Ewii launches RE venture with Japanese gas giant

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