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Offshore wind to power Japan s biggest green hydrogen plant

Offshore wind to power Japan s biggest green hydrogen plant TOKYO Japan s largest hydrogen plant powered by offshore wind energy is set to open on the northern island of Hokkaido as part of a national effort to slash carbon dioxide emissions. Scheduled to begin operation as early as the year ending March 2024, the plant will produce up to roughly 550 tons of hydrogen a year enough to fuel more than 10,000 hydrogen vehicles, according to plans. The effort represents a step toward creating a homegrown supply of hydrogen that is green, or made using renewable energy. Green hydrogen produced with offshore wind power remains rare worldwide particularly in Japan, which lags European nations in building such wind farms.

NH Financial to buy $20 mn stake in Japan s solar farm

NH Financial to buy $20 mn stake in Japan s solar farm An infrastructure fund pooled by NH Financial s units is acquiring a stake from power utility KEPCO 21 HOURS AGO An LS Electric employee is inspecting solar panels at a solar farm in Chitose, Hokkaido South Korea s NongHyup Financial Group, or NH Financial Group, has acquired a stake in a solar power plant in Japan from Korea Electric Power Corp. (KEPCO) for 25 billion won ($22 million), according to a local newspaper report. An infrastructure fund pooled by NH Financial s units will buy a 35 percent stake in the solar farm located in Chitose, Hokkaido, the Maeil Business Newspaper reported last week. The facility, a majority owned and run by power utility KEPCO, is Japan’s first energy storage system (ESS)-linked solar power generation facility.

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