News Snapshot:
Japan plans to expand its offshore wind portfolio to re-arrange its power generation mix amid the ailing nuclear power generation, aging coal-fired power plants and limited land availability. With the advancement of offshore wind technology, constant reduction in capital costs and a favorable policy framework can aid the exploitation of the vast available offshore resources and current project pipeline to make it the largest offshore market after China in the Asia-Pacific (APAC) region, Ankit Mathur, Practice Head of Power “By 2030, among the APAC wind offshore markets, Japan is likely to become the second largest market behind China and sharing...
