Energy & Science
Japan’s Tepco Plans $18 Billion Green Power Push by 2030
- Clean power unit to develop 7 gigawatts of projects globally
- Co. seeks partnerships with overseas electricity developers
Photographer: Tomohiro Ohsumi/Bloomberg
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The renewable power unit of Japan’s biggest utility plans to spend more than 2 trillion yen ($18 billion) over the next 10 years to boost its green generation by as much as 70%.
The push by Tokyo Electric Power Co. Holdings Inc. comes as the nation’s institutions are under increasing pressure to curb support for coal, both at home and abroad, and as Prime Minister Shinzo Abe’s government seeks to bolster the role of clean power.