Shulman Advisory

Japan plans Offshore Wind Power Development in Exclusive Economic Zone (EEZ)

Japan is accelerating its efforts to develop offshore wind power as an essential means to achieve carbon neutrality by 2050 and ensure energy security. The government aims to introduce 10GW of offshore wind power by 2030 and 45GW by 2040. To achieve the 2040 target, annual construction of 2 to 3GW (more than double the …

Japan To Take Steps To Create Market For Direct Air Capture (DAC)

METI announced that it will convene an expert working group to consider the creation of a market for direct air capture (DAC) in January next year. Even as Japan makes progress on clean energy technologies and energy efficiency, there will still be residual CO2 emissions from hard-to-abate sectors. To offset these emissions, Japan plans to …

GX committee sets out production targets and projections for battery and mobility sectors

On November 8, the expert working group on GX policy implementation met to discuss the government’s investment strategies for the battery and mobility sectors. The meeting was one of several that the committee has held to formulate ways to practically implement the GX Promotion Act that was passed earlier this year. (Read more about the GX …

Japan and US hold Second Annual Japan-US Energy Security Dialogue

On October 16-18, METI, MOFA, and the US Department of State held the second annual Japan-US Energy Security Dialogue in Palo Alto, California. Expressing serious concerns about the global energy and commodity market shocks triggered by Russia’s war against Ukraine, both countries reiterated the importance of continuing their energy partnership. Building on the agreement at the G7 …

October Newsletter: The Latest News In The Japanese Power Market

As the winter heating season approaches, Japan remains focused on building its decarbonisation strategy. The “Tokyo GX Week” – a series of intensive international energy and environmental conferences – concluded on October 5th. Ten meetings were held, including gatherings of ministers from various countries, and more than 8,000 participants actively exchanged opinions on achieving net-zero …

Japan considers hydrogen/ammonia CfD qualification criteria; avoids emission caps

In its hydrogen strategy revised in June, the Japanese government stated its aim to increase the supply of hydrogen and ammonia in Japan from 2 million tons to 3 million tons by 2030, 12 million tons by 2040, and finally to 20 million tons by 2050. To help achieve this, METI has been planning a contract …

METI proposes new measures for reducing curtailment of renewable energy

METI’s Agency for Natural Resources and Energy (ANRE) has proposed new measures to reduce the curtailment of renewable energy, which has been on the increase across Japan. The preliminary plan tackles the issue from three perspectives: demand-side, supply-side, and grid reinforcement, and will likely be finalized by the end of the year.  The plan includes:  …

The latest News in the Japanese power market

In our latest blog post, we take a closer look at the second round of offshore wind auctions, the GX Promotion Law that just passed the Lower House, updates on the Hydrogen Basic Strategy, and Japan’s largest battery storage facility starting up in Hokkaido as a demonstration project aimed at resolving the nation’s grid constraints. …

Overview of the Agrivoltaic Industry in Japan

Japan’s 2030 environmental goals and the preliminary energy mix proposal that came with them are pushing for an increase of solar PV generation to 15% of the nation’s power, versus 7% in the previous plan. In Japan, the bottleneck for developing mega-solar PV plants is securing the land. Developers have therefore been eyeing the agrivoltaic …

CCUS, a Technological Gamble for Japan’s Decarbonization Goals

Japan’s interest in carbon capture, usage, and storage technology (CCUS) is fueled by its commitment to net carbon neutrality by 2050 and its desire to keep thermal power generation assets online to provide reliable baseload power. The Japanese government expects CCUS technology to be available for some applications as soon as 2030 and widely used …