Japan's largest power company, JERA Co., has created a global renewable energy business headquartered in London. The new unit, named JERA Nex, will develop, invest in, own, and operate renewable energy projects such as wind, solar, and battery storage. It aims to develop 20 GW of renewables capacity by 2035 and is considering investments worldwide.
File Photo: The logo of JERA Co., Inc., the world's biggest LNG buyer, is displayed at the company office in Tokyo, Japan July 14, 2017. REUTERS/Issei Kato/ FILE PHOTO LONDON : Japan's largest power company JERA Co. has created a global renewable energy business to be headquartered in London , as it seeks to increase low-carbon investments to meet decarbonisation targets, the head of the new unit told Reuters.
Starting with a 3 GW portfolio of renewables assets, it aims to develop 20 gigawatts of renewables capacity by 2035 and is considering investments across the globe as well as in its home market Japan, its chief executive Nathalie Oosterlinck said. JERA is a joint venture between Tokyo Electric Power Company Holdings and Chubu Electric Power Co Inc. It aims to achieve net zero carbon dioxide emissions by 2050.A consortium made up of Parkwind and IKEA store owner Ingka won the first Norwegian auction to develop a 1.5 GW offshore wind farm in the southern Norwegian North Sea last month.
For the longer term, Oosterlinck said floating offshore wind was an ambition as the water depths around island nations, such as Britain and Japan, make them well-suited to it.
JERA Co. Renewable Energy London Decarbonisation Investments Wind Solar Battery Storage Global
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
JERA, Exxon to explore development of hydrogen and ammonia production project in USTOKYO : JERA, Japan's top power generator, said on Monday it has agreed with Exxon Mobil to jointly explore the development of a low-carbon hydrogen and ammonia production project in the United States.
Read more »
Kim's sister says North Korea will reject any contact with Japan: KCNASEOUL: North Korean leader Kim Jong Un's powerful sister said on Tuesday (Mar 26) Pyongyang would reject "any contact or negotiations" with Japan, just a day after she said Tokyo's Prime Minister Fumio Kishida had
Read more »
Japan drugmaker reports death after health supplement recallTOKYO — A Japanese drugmaker said on Tuesday (March 26) that it is investigating one death from kidney dysfunction potentially linked to health supplements recalled last week by the firm.
Read more »
What Singapore’s property developers can learn from Japan’s Azabudai HillspstrongThe US$4b development seeks to become an international hub for foreigners and VCs./strong/p pJapan’s newest composite redevelopment Azabudai Hills may just serve as an important cornerstone to Tokyo’s ambitions of being seen as an attractive international destination./p pThe site was still an aging district of old houses.
Read more »
North Korea trying to excite Japan with leaders’ summit, but Kishida faces difficult choicesTOKYO – North Korea has been tempting Japan with the prospect of a visit to Pyongyang by Prime Minister Fumio Kishida for the first leaders’ summit in 20 years – but with a massive catch.
Read more »
Japan says it won't rule out any steps to prop up faltering yenTOKYO: Japan would not rule out any measures to rein in weakness in the yen, finance minister Shunichi Suzuki said in the latest warning against speculators as the nation navigates a delicate period after
Read more »