Marubeni to double renewable energy holdings, cut coal power generation in half

Facebook
Twitter
LinkedIn
Reddit
Email
In terms of expanding its renewable energy generation business, Marubeni plans to boost the power generated by renewable sources from its own net power supply from 10% to 20% by 2023. Image: Marubeni

Japanese general trading company Marubeni announced a new series of policies regarding both its coal-fired power generation business and its renewable energy generation business.

In terms of expanding its renewable energy generation business, Marubeni plans to boost the power generated by renewable sources from its own net power supply from 10% to 20% by 2023. In addition, the company plans to reduce its greenhouse gas emissions volume from its power generation portfolio.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

As part of this plan,  Marubeni will cut its FY2018 coal-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 pursuing projects that adopt “Best Available Technology” and are compliant with the policies and measures of the Japanese government and any country in which the project will be executed. Even with these exceptions, Marubeni will make proposals on the creation of a low-carbon society, efficient power generation systems and the diversification of energy sources.

The statement added: “In April 2018, Marubeni launched the Sustainability Management Committee under the supervision of the President and CEO, with the aim to strengthen the company’s sustainability initiatives. Since its launch, and while soliciting the opinions of external parties, the committee has discussed a number of basic policies and measures pertaining to Marubeni’s sustainability initiatives, beginning with identification and periodic review of the materiality. Policies and measures considered as a result of these discussions will be announced as part of Marubeni’s ESG related data once it has been compiled.”

Read Next

Subscribe to Newsletter

Upcoming Events

Solar Media Events
April 10, 2024
Dallas, Texas USA
Solar Media Events
April 17, 2024
Lisbon, Portugal
Solar Media Events
May 1, 2024
Dallas, Texas
Solar Media Events
May 21, 2024
Napa, USA