The Japanese government released the results of the "Round 3" offshore wind auctions. Two separate consortia were selected for two areas with total 1GW capacity.
Round 3 Auction Results -
On December 24, 2024, the...more
The Japanese government released the results of the remaining "Round 2" offshore wind auctions. A consortium of Japanese and foreign developers was selected. Meanwhile, the next "Round 3" auctions are in progress....more
The Japanese government released the results of the "Round 2" offshore wind auctions. Three separate consortia were announced the winners of three areas. Eyes are now on "Round 3" auctions in 2024.
“Round 2” Auctions...more
The first "Long-Term Decarbonization Power Source Auction" (the "Auction") is expected to start in Japan in January 2024. The Auction will provide a 20-year fixed revenue for newly developed power sources that contribute to...more
Power Development Plan VIII ("PDP8") calls for expansions to renewable energy generation and development of LNG facilities to aid a gradual phase-out of coal-fired power plants. The plan will require US$134.7 billion in...more
In recent years, there has been a laser focus on climate change. However, throughout the world, recent events have pushed energy security to the top of the agenda. To meet short-term needs, some governments have begun to roll...more