Japan to speed up wind farm projects in wake of Ukraine crisis

Source: By Ritsuko Shimizu, Reuters • Posted: Sunday, March 20, 2022

TOKYO, March 18 (Reuters) – 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.

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