Japan News

 

Is Asia’s Offshore Wind Sector Ready For Take-off?

Jul 01, 2020

With virtually unlimited technical potential, offshore wind could play a critical role in helping to decarbonize the region, Wood Mackenzie's  Asia Pacific Vice-Chair Gavin Thompson writes.Asia’s pathway to a low carbon future is challenging. Coal dominates in the key markets of China and India, gas is central to the power sectors of Japan and South Korea. Meanwhile, much of the technology needed to really push the region’s energy transition out of the starting blocks is nascent and expensive…

After Sumitomo, Another Japanese Firm Takes Stake in Yinson's Brazil FPSO Project

Jul 09, 2020

Malaysian FPSO specialist Yinson has welcomed another Japanese investor to its Marlim 2 FPSO project. Yinson is building the Anna Nery FPSO (conversion from Falcon VLCC) to be deployed at Petrobras Marlim II project offshore Rio de Janeiro, under a 25-year lease contract…

Japan to Develop Offshore Wind Farms at 30 Sites in 10 years

Jul 09, 2020

Japan will craft new rules and support infrastructure in a drive that aims to build offshore wind farms at 30 sites during the next decade, the Nikkei business daily said on Thursday.Industry Minister Hiroshi Kajiyama is expected to announce policy measures soon to target the goal…

Japan Identifies 10 Areas for Offshore Wind Projects

Jul 03, 2020

Japan's industry ministry said on Friday it has identified 10 areas as potentially suitable for development of offshore wind farms, four of which were designated 'promising areas', as it started a second round of the process to select operators…

Japan's NTT to Build Renewables Business

Jun 29, 2020

Japan's Nippon Telegraph and Telephone (NTT) will develop a renewable energy business with its own electricity grid and is likely to invest over 1 trillion yen ($9.3 billion) by fiscal 2030, Nikkei reported on Monday.The move by the telecommunications…

Japan Opens Bidding for Goto Offshore Wind Farm

Jun 24, 2020

Japan's industry ministry on Wednesday launched a bidding process to select an operator for the 21 megawatt (MW) Goto offshore wind power project in Nagasaki, southern Japan, marking its first auction under a new law to promote the sector.The…

Japan's JERA, France's ADEME, Ideol in Floating Wind Pact

Jun 22, 2020

Japanese power generator JERA said on Monday it has agreed with France's state-owned investment firm ADEME Investissement and French floating wind technology supplier Ideol on key terms for forming a joint venture to develop floating offshore wind farms…

Japan's TEPCO to Spend $9-18B by 2035 on Offshore Wind, Hydro

Jun 10, 2020

TEPCO Renewable Power, a unit of Tokyo Electric Power Company Holdings, plans to spend about 1-2 trillion yen ($9-18 billion) to develop 6-7 gigawatts (GW) of offshore wind and hydroelectric power projects by 2035, its president said.'We aim…

Cheoy Lee Building WFSV Pair for Japanese Wind Farms

Jun 08, 2020

Currently under construction at Cheoy Lee Shipyards' Hin Lee (Zhuhai) Shipyard facility are two 27-meter wind farm support vessels (WFSV) to support operations and maintenance of the Akita and Noshiro offshore wind farms, in the Akita Prefecture region of Japan…

Kawasaki Heavy Orders Corvus' Blue Marlin Energy Storage System

Jun 02, 2020

Japan's Kawasaki Heavy Industries (KHI) has ordered the first commercial unit of a new Corvus Energy high-density lithium-ion capacitor energy storage system (ESS) Blue Marlin.According to Corvus, which plans to market the system to the offshore energy market…

Eight Japanese Firms Partner Up to Bid for Offshore Wind Project

May 29, 2020

Japanese trading house Sumitomo Corp said on Friday it and seven other Japanese firms have formed a consortium to jointly bid at a planned auction for an offshore wind power project near the cities of Noshiro, Mitane, and Oga in Akita, northern Japan…

RWE, Kyuden Mirai in Japan Offshore Wind Pact

May 28, 2020

RWE Renewables Japan, a Japanese branch of Germany's RWE Renewables, and Kyuden Mirai Energy Company, a Kyushu Electric Power company, have signed a Joint Bidding Agreement to enter into a full-scale feasibility study for the offshore wind power project planned off the coast of Yurihonjo City…

Japan's JXTG to Spend $14B on Low-Carbon Transformation

May 20, 2020

JXTG Holdings Inc, Japan's biggest oil refiner, said on Wednesday it will spend 1.5 trillion yen ($14 billion) for the next three years to drive its transformation into a supplier of low-carbon energy and materials.The planned spending, mapped…

OWC Sets Up Shop in Japan

May 18, 2020

International offshore wind consultancy and advisory firm OWC (Offshore Wind Consultants) has said it will set up an office in Tokyo to support the fast-growing offshore wind market in Japan.'The Japanese government has announced big ambitions…

Japan's Inpex Reduces 2020 Profit Guidance by 93%

May 12, 2020

Inpex Corp, Japan's top oil and gas company, on Tuesday cut its annual net profit forecast by 93% after first-quarter earnings slumped due to an oil price collapse and as the coronavirus pandemic choked off international energy demand.The group…

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