Japan proposes revamp of offshore wind auction rules
Draft amendments designed to encourage faster development as government frets over 2030 clean power goal
Japan’s proposed overhaul of its offshore wind power auction rules aims to accelerate development of the sector by encouraging more companies to lodge bids while limiting the ability of a single bidder to dominate future rounds. The updated rules for bidding in Japan’s offshore wind auctions proposed by the industry and land ministries would see a new focus on early project commissioning by adding the date of operation as a new criteria in assessing bids. Operators that submit earlier startup dates for projects would score higher in bid evaluations, a step aimed at addressing criticism that development of Japan’s wind sector has been too slow. “The new draft amendments aim to encourage faste
Also in this section
16 April 2024
US and European oil majors snap up smaller players and look to accelerate development in a region deemed to possess all the key elements for successful CCUS deployment
15 April 2024
Demand for credits seen rising 20% this year despite issues around integrity and standardisation
11 April 2024
Volatile allowance prices and small size of voluntary market undermine ability to drive investment, says Oxford Institute for Energy Studies
8 April 2024
Chevron New Energies is lead investor in funding round by Colorado-based provider of post-combustion capture technology