Publication date: April 2, 2025 March 2025 Monthly Newsletter: The Latest News In The Japanese Power Market March 2025 Monthly Newsletter Friends and Colleagues, On March 11, it will be 14 years since the Great East Japan Earthquake. The government continues to push ahead with the restart of nuclear power plants, and this trend is expected …
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Publication date: March 7, 2025 METI Adds Thermal Power With CCS to Upcoming Auctions The Ministry of Economy, Trade and Industry (METI) announced at a meeting of experts that it plans to add thermal power projects with carbon dioxide capture and storage (CCS) to the next round of ‘long-term decarbonization power source auction’. The auction …
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Publication date: March 4, 2025 February 2025 Monthly Newsletter: The Latest News In The Japanese Power Market February 2025 Monthly Newsletter Friends and Colleagues, Cold weather affected Japan in February, leading to increased electricity demand. The lower temperatures pushed up heating requirements, increasing spot market prices and gas consumption – although rising solar output is a reassuring …
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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 …
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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, …
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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 …
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Publication date: Dec 23, 2024 As 2024 draws to a close, we’ve taken stock of some of the key developments shaping Japan’s energy market this year. While progress continues, there’s still much work to be done to achieve the nation’s ambitious decarbonization goals. Read the full article below to uncover the key developments and milestones …
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, …
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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 …
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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 …
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