For the first time, Japan is considering granting overseas aid to help finance a wind project. Egypt has asked for a soft loan for a 120 MW wind farm near the Suez Canal. If the project goes through, it could create a precedent for similar development projects in other countries. Japan's Overseas Development Aid (ODA) has an annual budget of ´200 billion, of which 20% generally goes to environmental projects. In order to classify for environmental ODA assistance, the product must be made in Japan. The country only has one local manufacturer of wind turbines, Mitsubishi Heavy Industries. Now, Danish company NEG Micon says it is also eligible to bid for ODA projects -- through a subcontracting arrangement with Ebara Co and Nippon Steel Corp, NEG Micon has started production of towers and nacelles in Japan. So far, the companies have built six towers and six nacelles, though nacelles for the Japanese market will still be mostly produced in Denmark, the company says.
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