9/20/2018
Marubeni of Japan Will No Longer Enter into Any New Coal-Fired Power Generation Business
Marubeni will cut itscoal-fired power net generation capacity of approximately 3GW in half by 2030. And, as a general principle, Marubeni will no longer enter into any new coal-fired power generation business. However, Marubeni might consider projects that adopt Ultra-supercritical steam generating technology. The Company will also expand the ratio of renewable energy portfolio from 10% to approximately 20% by 2023...
Japanese trading company in power generation market Marubeni announced a new series of policies regarding both its coal-fired power generation business and its renewable energy generation business. The notificaiton form the company is as follows; "As part of Marubeni’s promotion of sustainable management, and in order to contribute fight global climate change, Marubeni has established new business policies (hereinafter, “Policies”) regarding its coal-fired power generation business and its renewable energy generation business. As a global player in the power business, Marubeni will reduce its greenhouse gas emissions volume from its power generation portfolio. By 2030, Marubeni will cut its FY2018 coal-fired power net generation capacity of approximately 3GW in half. Additionally, Marubeni will deploy innovative technologies to increase the efficiency of its portfolio assets, and proactively promote the reduction of its environmental impact. As a general principle, Marubeni will no longer enter into any new coal-fired power generation business. However, Marubeni might consider pursuing projects that adopt BAT (“Best Available Technology”, which at present is USC: “Ultra-supercritical steam generating technology) and are compliant with the policies and measures of the Japanese government and any country in which the project will be executed Looking forward to the expansion of the renewable energy generation business, Marubeni will strive to expand the ratio of power generated by renewable energy sources in its own net power supply from approximately 10% to approximately 20% by 2023."
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