Shulman Advisory

Government Announces New Offshore Wind Project Operators

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 …

New Strategic Energy Plan Prioritizes a Balanced Energy Mix

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 …

METI Aims for 20GW of Perovskite Solar by 2040

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 …

November 2024 Monthly Newsletter: The Latest News In The Japanese Power Market

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, …

Predictions for Japan’s 7th Strategic Energy Plan: Balancing Ambitions for Decarbonization Amid Rising Demand

Publication date: Dec 4, 2024 Predictions for Japan’s 7th Strategic Energy Plan: Balancing Ambitions for Decarbonization Amid Rising Demand The Strategic Energy Plan (SEP) is a medium to long-term strategy established by the Japanese government led primarily by the Ministry of Economy, Trade and Industry (METI), to outline the fundamental direction of its energy policy. …

Tokyo Plans 1GW Floating Offshore Wind Power Facility

Publication date: Nov 22, 2024 Japan to consolidate solar power projects before FIT system ends Tokyo Plans 1GW Floating Offshore Wind Power Facility The Tokyo Governor, Yuriko Koike, announced at COP29 that the Tokyo Metropolitan Government (TMG) will develop a floating offshore wind power generation facility with a total output of 1GW. The floating facility …

Port of Kawasaki Designated as Import Hub for Hydrogen and Ammonia

Publication date: Nov 18, 2024 Port of Kawasaki Designated as Import Hub for Hydrogen and Ammonia Port of Kawasaki Designated as Import Hub for Hydrogen and Ammonia The Ministry of Land, Infrastructure, Transport and Tourism (MLIT) has approved a development plan to import hydrogen and ammonia at the Port of Kawasaki (Kawasaki City). The Kawasaki …

October 2024 Monthly Newsletter: The Latest News In The Japanese Power Market

Publication date: Nov 13, 2024 October 2024 Monthly Newsletter Friends and Colleagues, The beginning of autumn came with a change in the political environment. A new government was formed on 1 October, and the newly elected prime minister Ishiba is generally regarded as having a positive stance toward decarbonization and the introduction of renewable energy. In this month’s …

New Government Aims to Finalize Draft of “GX2040 Vision” by Year-End

Publication date: Nov 8, 2024 Japan to consolidate solar power projects before FIT system ends New Government Aims to Finalize Draft of “GX2040 Vision” by Year-End The new government held its first GX (Green Transformation) implementation council meeting after the inauguration of Prime Minister Ishiba’s administration. At the meeting, the government outlined plans to accelerate …

Japan to Consolidate Solar Power Projects Before FIT System Ends

Publication date: Nov 1, 2024 Japan to consolidate solar power projects before FIT system ends Japan to Consolidate Solar Power Projects Before FIT System Ends The Ministry of Economy, Trade and Industry (METI) has presented a draft policy for the government to certify operators who will be responsible for the consolidation of solar panel projects. …