Publication date: Feb 14, 2025 METI Increases Support for Roof Based Solar Panels The Ministry of Economy, Trade and Industry (METI) has announced a new FIT (Feed-in Tariff) procurement price and FIP (Feed-in-Premium) base price for FY2025 and beyond. Under METI’s new plan, the investment support for installing solar panels on the roofs of factories …
Continue reading “METI Increases Support for Roof Based Solar Panels”
Publication date: Feb 8, 2025 Government Awards Subsidies to Help Establish Floating Offshore Wind Supply Chain Government Awards Subsidies to Help Establish Floating Offshore Wind Supply Chain The Ministry of Economy, Trade, and Industry (METI) announced that five companies, including Toshiba Energy Systems & Solutions Corporation (Toshiba ESS) and Nippon Steel Engineering, have been selected …
Continue reading “Government Awards Subsidies to Help Establish Floating Offshore Wind Supply Chain”
Publication date: Feb 6, 2025 January 2025 Monthly Newsletter Friends and Colleagues, January 2025 Monthly Newsletter: The Latest News In The Japanese Power Market Recently, the European Union’s Copernicus Climate Change Service released a study showing that the global average temperature in 2024 was 1.6 degrees Celsius higher than in the pre-industrial era and that it is highly likely …
Continue reading “January 2025 Monthly Newsletter: The Latest News In The Japanese Power Market”
Publication date: Feb 5, 2025 TEPCO PG Predicts Its First Electricity Curtailment TEPCO PG Predicts Its First Electricity Curtailment Tokyo Electric Power Company Power Grid (TEPCO PG) has forecast that it may have to curtail a small proportion of its renewable energy output for the first time in FY2025 based on the priority power supply …
Continue reading “TEPCO PG Predicts Its First Electricity Curtailment”
Publication date: Jan 27, 2025 New Company Aims to Establish Offshore Wind Construction System New Company Aims to Establish Offshore Wind Construction System The Ministry of Land, Infrastructure, Transport and Tourism (MLIT) has announced that it has approved the establishment of the Floating Offshore Wind Power Construction System Technology Research Association (FLOWCON), a new corporation …
Continue reading “New Company Aims to Establish Offshore Wind Construction System”
Publication date: Jan 17, 2024 METI Promotes Direct Trading of Non-FIT Non-fossil Certificates The Ministry of Economy, Trade and Industry (METI) plans to expand the scope of direct trading of “non-FIT non-fossil certificates” (NFCs) for projects converted from Feed-In Tariff (FIT) to Feed-In Premium (FIP). METI Promotes Direct Trading of Non-FIT Non-fossil Certificates In principle, …
Continue reading “METI Promotes Direct Trading of Non-FIT Non-fossil Certificates”
Publication date: Jan 14, 2024 Government Announces New Offshore Wind Project Operators The Ministry of Economy, Trade and Industry (METI) and the Ministry of Land, Infrastructure, Transport and Tourism (MLIT) have announced the results of the “third round” of public bidding for offshore wind power projects off the coasts of Aomori Prefecture (southern side of …
Continue reading “Government Announces New Offshore Wind Project Operators”
Publication date: Dec 23, 2024 New Strategic Energy Plan Prioritizes a Balanced Energy Mix The Ministry of Economy, Trade and Industry (METI) has presented a draft of the 7th Strategic Energy Plan, which includes a new energy mix outlook for 2040. Renewable energies account for the highest share at around 40-50%. Of this, solar generation …
Continue reading “New Strategic Energy Plan Prioritizes a Balanced Energy Mix”
Publication date: Dec 17, 2024 METI Aims for 20GW of Perovskite Solar by 2040 The Ministry of Economy, Trade and Industry (METI) plans to introduce a 20 GW capacity target for perovskite, a new type of solarcell so thin that it can be bent, by FY2040. This is equivalent to the electricity consumption of approximately …
Continue reading “METI Aims for 20GW of Perovskite Solar by 2040”
Publication date: Dec 9, 2024 November 2024 Monthly Newsletter Friends and Colleagues, November 2024 Monthly Newsletter World leaders gathered in November to discuss measures to curb global warming at the COP29 in Azerbaijan, with mixed results. During the summit, Tokyo’s governor Koike announced plans for a 1GW offshore floating wind power project near the Izu Islands, …
Continue reading “November 2024 Monthly Newsletter: The Latest News In The Japanese Power Market”
