Tag: renewable energy in japan

<strong>Toyota Tsusho to buy 85 per cent stake in SB Energy </strong>

Toyota Tsusho to buy 85 per cent stake in SB Energy 

February 17, 2023 |

Toyota Tsusho Corporation has agreed to buy an 85 per cent stake in Japan-based renewable energy developer SB Energy, a subsidiary of SoftBank Group. The transaction will benefit both the companies with respect to their clean energy businesses. Both companies agreed to work together to develop renewable energy and electric power supply-demand adjustments, among other measures to achieve carbon neutrality in their respective operations.

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Japan’s Net Zero Journey Report

Japan’s Net Zero Journey Report

July 2, 2022 | ,

The latest signs coming from the Japanese government’s policies and energy plans make the country’s net-zero goal look more and more distant. The country’s actions on the local and global energy stage are also concerning. Should Japan reconsider its priorities and cut out distractions, like hydrogen and coal and ammonia co-firing plants, the opportunities for a swift transition to a more resilient, sustainable and self-sufficient energy system is there.

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Enviva, J-Power sign a MoU to decarbonise power generation in Japan

Enviva, J-Power sign a MoU to decarbonise power generation in Japan

November 17, 2021 |

Enviva Partners, a global renewable energy company specialising in sustainable wood bioenergy, and Tokyo-based utility Electric Power Development Corporation Limited (J-Power) have signed an MoU for the long-term, large-scale supply of sustainable wood biomass from Enviva’s manufacturing facilities in the US to J- Power’s coal-fired power plants in Japan.

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Etrion sells three solar projects for JPY 8.252 billion to a Japanese consortium

Etrion sells three solar projects for JPY 8.252 billion to a Japanese consortium

June 22, 2021 |

Etrion Corporation, which is a solar independent power producer, has completed the sale of its stake in the 13.2 MW Komatsu, 24.7 MW Shizukuishi and 9.3 MW Mito solar projects which are currently operational. The sale has been made to a consortium established by Development Bank of Japan, Kansai Electric Power, and Osaka Gas Co., Ltd. for a value of JPY 8.252 billion, which is equivalent to about $74.8 million.

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Hydrogen is expected to play a central role in Japan’s clean energy transition: IEA

Hydrogen is expected to play a central role in Japan’s clean energy transition: IEA

March 9, 2021 |

It has been almost a decade since the Fukushima nuclear accident which resulted in significant disruption to Japan’s energy supply and the country has been making significant efforts to diversify its energy mix. It has been gradually expanding its renewable energy capacity and improving its energy efficiency in order to lower its carbon emissions as well as reduce the dependence on imported fuels. However, the country’s energy supply still remains highly carbon intensive and Japan will need to redouble its efforts to achieve its goal of reaching carbon neutrality by 2050.

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$208 million raised for Japan Green Infrastructure Fund

$208 million raised for Japan Green Infrastructure Fund

February 18, 2021 |

Canadian Solar with Macquarie and other investors has raised $208 million, which is equivalent to about 22 billion Japanese Yen for its Japan Green Infrastructure Fund (JGIF). The fund has been set up with the aim to develop solar power capacity in Japan.

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SIMEC Atlantis commissions pilot tidal project in Japan

SIMEC Atlantis commissions pilot tidal project in Japan

February 16, 2021 |

SIMEC Atlantis Energy Ltd (SAE) has installed its demo tidal turbine and generation equipment in Japanese waters near the Goto Island chain. The pilot turbine has generated 10 MWh in its first 10 days of operation. Supply and installation of the turbine were provided under a contract to a Japanese company Kyuden Mirai Energy (KME).

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Japan’s renewable energy auctions are price-centred: IRENA

Japan’s renewable energy auctions are price-centred: IRENA

January 13, 2021 |

Japan is a country which relies mainly on fossil fuels to meet its energy needs. However, the events at the nuclear power plant in Fukushima following the 2011 earthquake and tsunami have shifted energy policies towards greater renewables adoption. While a FiT scheme was launched earlier, this gave way to auctions in 2017, which have since the key policy instrument driving the Japan’s transition to renewables.

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Japan unveils its green growth strategy

Japan unveils its green growth strategy

December 29, 2020 |

Japan has released a green growth strategy which aims to replace new gasoline-powered vehicles with electric vehicles by mid-2030s. Through this strategy, Japan aims to achieve increased renewable energy deployment and carbon neutrality by 2050. The strategy identified 14 industries, such as offshore wind, hydrogen and fuel ammonia as well as autos and rechargeable batteries with roadmaps for each sector.

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