Eurus Energy Europe, working in a three-company consortium with Scottish Power, a British utility, and Elsam, a Danish utility, submitted a bid for the second round of a British offshore wind power development and was awarded rights to develop a 500MW offshore wind farm by the Crown Estate, a British government agency that manages various forms of real estate for the royal family.

This offshore wind farm will be constructed in the Irish Sea, 13km west of Duddon Sands, and will consist of approximately 100 wind power generators with a total capacity of approximately 500MW. Development will begin with environmental assessments in 2004, and power operation is scheduled to begin by the end of 2008.

The first round was launched in 2002. For the second round, which will be implemented under the direction of the UK's Department of Trade and Industry (DTI), the target is to construct offshore wind power facilities capable of producing 6GW of electric power by 2010. With the completion of this project, 15% of the UK's total electric power consumption will be supplied by renewable energy sources.

Eurus Energy Group participated in Ecoproducts 2003, which took place December 11-13 at the Tokyo Big Sight, with an exhibit introducing wind power projects in the New Energy / Energy Efficiency corner of the booth sponsored by the Tokyo Electric Power Group.

The Ecoproducts exhibitions introduce products and services that minimize impacts on the environment and have attracted attention for the important role they play in the transition from a mass production, consumption oriented society to a society based on recycling and renewable resources.

For more information, please visit the Ecoproducts web site.

The Shitsukari Wind Farm, built by Eurus Energy Japan in the Shitsukari village of Higashidouri in Aomori Prefecture, began operations in October 2003 and a completion ceremony to mark the occasion was held on November 13, 2003.

This wind farm uses eleven 1.75MW turbines, which have the largest capacity per single unit in Japan, to have a total capacity of 19.25MW. Together, the Shitsukari Wind Farm and the Iwaya Wind Farm, which is located in the same village and has been in operation since November 2001, boast the largest wind farm of any single operator in Japan.

On October 29, 2003, it was announced that Tohoku Electric Power has selected two wind power projects planned by Eurus Energy Japan as successful candidates for FY2003 bids for the 2MW-plus large-scale wind power project.

These two projects consist of a 50MW project in the town of Noheji in Kamikita-gun, Aomori Prefecture and a 12MW project in the village of Higashidouri in Shimokita-gun, Aomori Prefecture. Both are planned to begin opeations in October 2006.

Eurus Energy America will construct a large wind farm, to be called the Combine Hills Turbine Ranch, in Umatilla County, in the US state of Oregon. The project, which will use forty-one 1MW Mitsubishi Heavy Industries turbines and have a capacity of 41MW, is expected to cost approximately six billion yen and be completed by the end of 2003.

Eurus Energy America has signed a 20-year agreement to supply power to PacifiCorp, a local electric utility, and has, simultaneously, signed agreements to receive grants of approximately 500 million yen from the Energy Trust of Oregon under the green power supply program. This project will be the first large-scale wind power project to supply clean energy to retail customers in Oregon.

A groundbreaking ceremony for the Kamaishi Wind Farm, which will be located in the hills adjacent to three municipalities, the cities of Kamaishi and Tono and the town of Otsuchi, was held May 8, 2003 at Niiyama Farm in Otsuchi. Construction is slated to begin at the end of May, with the start of operations targeted for November 2004.

Employing fortythree 1MW turbines for a total capacity of 42.9MW, this wind farm will be the largest wind power facility operated by any single operator in Japan. With enough capacity to meet the needs of approximately 30,000 ordinary households, equivalent to nearly all parts of the three municipalities mentioned above and will provide power to Tohoku Electric Power over 17 years.

Eurus Energy Japan is aiming to complete wind power projects with a total capacity of 1,000MW by 2010.

Construction on the Nishime Wind Farm in the town of Nishime, located in Yuri-gun, Akita Prefecture, began in April 2003.

With a total capacity of 30MW, the facility will use fifteen 2MW turbines (made by the Danish company, Vestas A/S), the largest in Japan. Construction is scheduled to be completed in November 2004. This wind farm will boast not only the largest capacity turbines, but also the greatest overall capacity for a wind farm in Akita Prefecture.

Eurus Energy Holdings and Eurus Energy Japan both participated as exhibitors at the Power Mart & Trade Expo 2003, held March 27-28, 2003 at the Tokyo International Forum in Tokyo's Marunouchi district. Through panel displays and video presentations, the two introduced wind power projects to visitors and held individual business discussions with the hope of developing new projects. Additionally, the president of Eurus Energy Japan led a seminar that began at 1:00 in the afternoon on March 27th.

With "the creation of environment and energy solutions" as its theme, this was the first trade show and conference in Japan to focus on promoting the adoption of new business models and new energy and environmental equipment and systems emerging in the wake of expanding electric power deregulation.

For more details, please refer to the Power Expo website.

At the board meeting of Eurus Energy Holdings on January 23, 2003, Yoshimasa Kondo stepped down as president and the company's vice-president, Tetsuro Nagata was appointed to take his place.

With his resignation as president, Yoshimasa Kondo was appointed as both an operating officer of Tomen Corporation and a part-time director of Eurus Energy Holdings. The position of vice-president will remain unfilled for the time being.

On January 14, 2003, construction began on the Kihoku Wind Farm, a facility composed of sixteen 1.3MW turbines (total capacity of 20.8MW) and located in the town of Kihoku in Kagoshima Prefecture. Construction is scheduled to be completed in February 2004.

With the ability to produce enough power for approximately 12,000 ordinary households, this will be the largest wind power generation facility in Kyushu and will sell power to Kyushu Electric Power over a period of 15 years. Compared to a coal-fired power plant of the same scale, this wind farm will, over a year's time, save the equivalent of approximately 9 million liters of crude oil and reduce CO2 emissions by approximately 37,000 tons. It is, therefore, expected to make a significant contribution to efforts to fight global warming.