Japan

It will finance a 35MW solar project. 

This is to improve stability of energy supply in Japan and Germany.

It can meet the yearly demand of around 21,980 average households.

It will be carried out from 4 January to 28 February 2023.

The project is scheduled to start commercial operation in 2023.

Vietnam-based Gai Lai Electricity currently has around 600MW capacity.

The country set a 36-38% renewable energy target in 2030. 

This is a JPY75.8b drop from the JPY64b profit last year. 

Natural gas holds the largest share in the country’s power mix.

LNG’s share in the power mix is expected to fall to 20% from 37%.

This led to a sharp increase in the annual base salaries ranging from JPY15m-20m. 

This is more than the 1% recorded in 2021.

LNG on-arrival prices rose 62% YoY in January, according to Fitch.

It is co-financed by the Sumitomo Mitsui Trust Bank.

Japan’s decision to align with other G7 nations ending financing of fossil fuels in other countries sounded a clear note of unity amid the tangled, conflicting commitments that are the norm in the global climate debate. The unified effort needed to create effective climate change action will however test Japan’s leadership role as it works to navigate competing interests successfully.

Nuclear power generation could rise 10.4% in 2022.