A panel of industry big hitters
ran the rule over the prospects for the key regional contenders in the market, with strong support for the argument that with its shipyards, industrial giants and energy engineering heritage, South Korea has what it takes to be a floating leader – despite its slow early progress in offshore wind.
However, like other key Asia Pacific markets such as Taiwan, Japan and Vietnam, seizing that opportunity will need a closer alignment of “political will” and the realities facing developers on the ground, the roundtable heard.
One market that will certainly be a major force in floating wind – as throughout the renewables sector – is China. The head of wind OEM Ming Yang’s European arm, Wei Chen, gave the Recharge event an
Study finds that one third of the 100 cities facing the greatest ecological risks are in China; lagging regulation and insufficient domestic production mean patients with rare diseases struggle to access medication; and smartphones lose much of their early 2021 sales momentumMay 14, 2021 07:09 PM
The water authorities have upgraded their emergency flood control response level for the Yangtze River basin after a continuous rise in water levels. In Wuhan, the water level rose to 24.78 meters (81 feet) on Tuesday, 4.01 meters higher than the same period in previous years, and not far from the warning level of 27.3 metersMay 26, 2021 05:16 PM
May 7, 2021
Power generation accounts for roughly a third of global greenhouse gas emissions. So when Japan’s biggest power producer, Jera Co., announced last October that it aims to achieve carbon neutrality by 2050 but not by relying exclusively on renewable power it took even some energy experts by surprise, with many wondering if that is actually possible.
But the company, which emitted 139 million tons of carbon dioxide in fiscal 2019 and is responsible for nearly 10% of Japan’s emissions, is determined to lead the world in making a bold transition away from fossil fuels to net zero emissions as it bets its survival on ammonia and hydrogen, which unlike fuels such as oil and gas do not produce carbon dioxide when burnt.
Japan’s Largest Utility Open to Cooperating With China on Hydrogen Power, Executive Says
JERA President Satoshi Onoda. Photo: JERA
For emerging Asian economies figuring out how to decarbonize their economies, Japan has a unique solution that may come in handy carbon dioxide-free thermal power generation, the head of country’s largest electric utility said.
In an interview with Caixin, Satoshi Onoda, president of JERA Co. Inc. said the company is open to cooperating with China on power generation that uses hydrogen and ammonia fuels, two pillars of Japan’s zero-emission plan. “The goal is the same so let’s step forward together,” he said.