Japan to Speed Up Offshore Wind Efforts in Wake of Ukraine Crisis

March 18, 2022

Credit: Fokke/AdobeStock
Credit: Fokke/AdobeStock

Japan will accelerate its efforts to develop offshore wind power projects, its industry minister said on Friday.

Officials in the resource-poor Japan are concerned Russia's invasion of Ukraine and the ensuing surge in oil prices could hit economic growth, although they say there has been no immediate major disruption to energy supply.

Industry minister Koichi Hagiuda told reporters the government will revamp the public tender process for picking wind farm operators, taking into account not only the prices bid but also how early systems can be installed.

(Reuters - Reporting by Ritsuko Shimizu, Writing by Ju-min Park; Editing by Edwina Gibbs)






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