Japan

Production of first large-scale offshore wind project in Japan

According to a recent statement, Marubeni Corporation, has decided to implement the construction; operation and maintenance of the offshore wind farms at Akita Port and Noshiro Port in Akita Prefecture, through the special purpose company “Akita Offshore Wind Corporation” (AOW) established in April 2016 and together with other Joint Business Partners.

NYK granted Japan’s first sustainability-linked loan

Japanese shipping company NYK announced it has secured a syndicated sustainability-linked loan, Japan’s first advanced loan that allows for conditions such as the loan’s interest rate to be adjusted according to the borrower’s CSR performance.

MOL the first company in Japan to issue sustainability bonds

MOL announced a plan to issue ‘Sustainability Bonds’ through a public offering in Japan’s domestic market in July this year. It also announced the acquisition of a preliminary evaluation from a third-party institute. Sustainability bonds are used to finance and refinance green projects, which protect and improve the environment, and social projects.

Global partners launch hydrogen initiative

During the 10th Clean Energy Ministerial (CEM10) meeting, a new global international hydrogen partnership was announced under the leadership of the United States, Canada, Japan, the Netherlands and the European Commission with participation of several other CEM member countries.

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