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    Array Technologies increased revenue 35% to US$872.7 million in 2020

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    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

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    India To Pass Tough Measure To Cut Electricity Debt By $75bn

    Renewable Energy Source Revolution- New Swiss Water Battery

    Renewable Energy Source Revolution- New Swiss Water Battery

    Data Indicates New England Small-Scale Solar Shifting Needs

    Data Indicates New England Small-Scale Solar Shifting Needs

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    Japan Needs Alternative Energy To Avoid Shortages-Fitch

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    Increased Land Opening For Onshore Wind Turbines In Germany

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    Australia Has Mapped Out Its First Ever Offshore Wind Zones

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    Global Coal-Fired Electricity Making Hits New Peak In 2021

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    To Get Net Zero By 2070, India Needs To Invest $20 Trillion

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    German Chancellor Says Growing Nuclear Power May Make Sense

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    Refiners Should Not Be Making Above Normal Profits- Biden

    Cluster of Businesses Want The EU To Improve Energy Security

    Cluster of Businesses Want The EU To Improve Energy Security

    Enel plans to expand power distribution business into US

    In A Move To Avert Blackouts Australia Halts Power Market

    Central American Development Bank commits $800 million toward the fuel relief effort

    Central American Development Bank commits $800 million toward the fuel relief effort

    A New 500-MW Supercritical Coal-Fired Power Plant Going into Operationa in Philippines

    EU Reduces Plans of Fossil-Fueled Electricity By One-Third

    BP to invest up to £18 billion in UK energy system by 2030

    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    GE Renewable Energy connects the world's most powerful hydro unit to the grid in Wudongde, China

    GE Renewable Energy connects the world’s most powerful hydro unit to the grid in Wudongde, China

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    Italy’s Innovatec targets EUR 100m in revenue from new solar business

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    Intersolar Europe 2022: Solar Energy in Germany Takes Center Stage

    Protermosolar adds value to the Spanish concentrated solar power industry in China

    SPI Energy Develops Utility Scale Solar Project in Maryland

    Lightsource BP pioneers UK's first night-time solar service

    Altus Power and Heliene Establish Strategic Partnership to Support U.S. Solar Module Manufacturing

    EDP signs a Build & Transfer Agreement for a 200 MWac solar project in the U.S.

    I&M is Powering the Next Tomorrow with Plans to Add More than 2,000 MW of Solar

    WindEurope Annual Event 2022 in Bilbao - Registrations Open, Conference Programme Available

    WindEurope Annual Event 2022 in Bilbao – Registrations Open, Conference Programme Available

    RWE chooses Chantiers de l'Atlantique as key supplier for its F.E.W Baltic II wind farm - design, construction and installation of the electrical offshore substation

    RWE chooses Chantiers de l’Atlantique as key supplier for its F.E.W Baltic II wind farm – design, construction and installation of the electrical offshore substation

    EGAT deploys Siemens software solutions for the worlds largest Hydro-Floating Solar Hybrid Project

    EGAT deploys Siemens software solutions for the world’s largest Hydro-Floating Solar Hybrid Project

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Japan Needs Alternative Energy To Avoid Shortages-Fitch

in News, Thermal Power
Japan Needs Alternative Energy To Avoid Shortages-Fitch

According to Fitch Solutions, Japan may experience power shortages despite a larger dependence on traditional thermal generation as a result of rising gas prices, which make up the majority of its overall power mix.

Natural gas makes up the greatest portion of Japan’s entire energy mix, accounting for 36% of it, trailed by coal at 29%, according to a report by Fitch.

Japan must think about other sources of energy as the rising price of natural gas pushes electricity costs higher. The market’s existing conditions demand that it vary away from fossil fuel use in order to meet carbon emission reduction goals. However, this could take the shape of increasing coal-based electricity output, it said.

The hotter weather may cause a rise in electricity usage, according to Fitch, which means there is a mismatch between supply and demand in the market. The government is encouraging citizens to reduce their electricity consumption and is preparing a rewards programme to do so. As a result of the dominant power generation system’s vulnerability to the continued natural gas supply, the nation is currently experiencing power generation bottlenecks.

Other power sources are also encountering difficulties, such as nuclear power’s strict regulations, which slow down its expansion. Solar power pales in comparison to gas, while offshore wind power is still in its infancy. Although it is anticipated that Japan won’t completely stop importing energy from Russia, a considerable reduction in volume may have disastrous short-term implications.

According to the report, however, the combination of high natural gas prices and international pressures on Japan to reduce its reliance on Russian gas imports is putting a strain on its electricity supply.

Nuclear power, according to Fitch, continues to have the “greatest potential” due to its lengthy history of inclusion in the nation’s generation mix.

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