Japan to Speed Up Offshore Wind Efforts in Wake of Ukraine Crisis

Credit: Fokke/AdobeStock
Credit: Fokke/AdobeStock

Japan will accelerate its efforts to develop offshore wind power projects, its industry minister said on Friday.

Officials in the resource-poor Japan are concerned Russia's invasion of Ukraine and the ensuing surge in oil prices could hit economic growth, although they say there has been no immediate major disruption to energy supply.

Industry minister Koichi Hagiuda told reporters the government will revamp the public tender process for picking wind farm operators, taking into account not only the prices bid but also how early systems can be installed.

(Reuters - Reporting by Ritsuko Shimizu, Writing by Ju-min Park; Editing by Edwina Gibbs)




Current News

Shipping, Energy Tax Could Help Foot $1T to Combat Climate Change - COP29

Shipping, Energy Tax Could Hel

Germany Preps for More FSRU Vessels

Germany  Preps for More FSRU V

Oil Steadies as Sverdrup Restart eases Geopolitical Jitters

Oil Steadies as Sverdrup Resta

BP's Whiting IA Refinery Restart Delayed

BP's Whiting IA Refinery Resta

Subscribe for OE Digital E‑News

Offshore Engineer Magazine