Japan

A study revealed that it has undermined the country’s climate change efforts.

About 80% of the country's potential sites would require floating turbines.

It plans three or four project each year until end-2030.

It received criticisms in funding such plants in Indonesia and Vietnam.

No formal change to existing policy has been announced.

Six were selected as promising for future developments.

These make up nearly 90% of the country’s power plants built before the mid-1990s.

They also recommended introducing carbon pricing.

Auction winners will be selected in June 2021.

There has been a rise in floating offshore wind in Japan and the US.

Offshore wind has truly spread around the world in recent years, with Asian markets such as Japan taking a prominent role by rapidly developing their offshore capabilities. International investors and developers are starting to get involved in Japanese offshore wind, but to capitalize on opportunities in this growing market, they must show that they can work with domestic partners, leverage current Japanese partnerships from shared projects in other regions – in addition to demonstrating their experience.

It plans to fund its new ventures through a $92.45m green bond offering.

Coal imports climbed 3.4% in Q1.

LNG volumes sold on an oil-indexed basis could become cheaper.

Its impact on Japan’s power sector growth is expected to be minimal.

It is now expected to be completed by March 2023.