Fukushima offshore wind consortium is proceeding with Fukushima floating offshore wind farm demonstration project (Fukushima FORWARD) funded by the Ministry of Economy, Trade and Industry. The first phase of the project consists of one 2MW floating wind turbine, the world first 25MVA floating substation and undersea cable have been completed on November 11, 2013. In the second phase, 5MW and 7MW wind turbines will be installed in 2016. This project will establish the business-model of the floating wind farm and contribute to future commercial projects. The Fukushima FORWARD project believes to help Fukushima to become the center of new industry which will create new employment in this region recover from the damage of the Great East Japan Earthquake in 2011.