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Information related to investments and activities of the Energy sector, a sector with growing focus in light of energy policy shift around the world.

Why the sudden rise in aggressiveness of China toward Japan? What are the real reasons behind it and could their territorial claims be legitimate?

China is the world’s largest energy consumer and is running out of oil because its aging onshore fields (Daqing, Henan, Jilin, and Shengli) cannot keep pace with its growing consumption needs.
By the end of this decade, the country will need to import more than 60% of its crude compared with about 50% now and one third of its natural gas, according to estimates from China Petroleum & Chemical Industry Federation.
“China has to look for offshore fields to deliver the energy supply it needs as onshore fields are exhausted,” said Lin BoQiang, director of the China Center for Energy Economics Research at Xiamen University in Fujian province.

Since 2010, the electricity that powers the modern 38-story tower in the heart of the Japanese capital, has been generated some 600km to the north, at a wind farm on the rugged coast of Aomori prefecture.
Mitsubishi Estate, which owns the building, took the rare step of bypassing Tokyo Electric Power, Tokyo’s main utility, and contracting with the wind farm’s owners, a “green energy” partnership established by Idemitsu, a Japanese oil company.
Masayoshi Son, the billionaire-founder of SoftBank, a telecoms group, is also looking to build a network of commercial-scale solar energy generating stations around the country, the first of which opened in Kyoto last month. Gas companies are eyeing expansion.

With electricity price hike of 8.5% for individuals and 17% for company planned by Tepco making it the most expernsive country in the world, deregulation is now deemed by Japanese as inevitable.

Source : Financial Times

An extraordinary invention that is worth mentioning in our world polluted by plastic: a machine to recycle plastic back to oil.
This machine is the result of the invention made by Mr Akinori ITO, CEO of Blest Corporation.

Of course, one could argue that the bigger problem is the use of plastic in the first place, but still this is a good step in the right direction, especially for third world countries that have important pollution problem and not enough money to get energy.

 

Thanks to the momentum created from the shock of the disastrous March 11th 2011 earthquake and nuclear explosion at Fukushima, the Japanese people by way of their lawmakers are pushing for new laws to favor clean energy and other green investments.

The Land Ministry is looking to support the growth of centralized, low-emission cities with new legislation that would provide subsidies to companies that build according to local governments' vision.

Under the proposed law, local governments would draw up plans for low-emission communities. Private-sector developers approved to build shared-use buildings according to these plans would have up to half the costs covered by national subsidies. The program would fund construction in several dozen cities at a cost of tens of billions of yen over a roughly five-year period.

The ministry also wants to create a certification system for energy-efficient homes. People buying these homes would qualify for tax breaks and other incentives.

Likewise, the government is taking steps to revise the Electricity Business Law to give corporate bonds from companies that generate electricity from renewable energy preferential treatment in repayment priority over other unsecured debt in case the issuer has a management crisis. The government hopes the step will foster solar, wind and other forms of clean power generation by luring more investors into buying bonds issued by companies undertaking such business.

Construction of a large solar or wind power plant costs around ¥10 billion or more, making debt issuance in capital markets a crucial fundraising instrument.

Japan is heading progressively to a state where no nuclear reactor will be left in activity, thus joining the german model.

Shikoku Electric Power Co. has just shut down its numero 2 reactor, leaving only 5 left out of the original 54 the country had. Those 5 represents just 5,058 megawatts or 10.3% of the national production.

 

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