Mahindra Susten to Develop 150 MW Open Access Renewable Power Project

BJP, Congress Bet Big on Renewables in 2024 Election Manifestos

Daily News Wrap-Up: REIL Invites Bids for 200,000 Mono PERC Solar Cells

Solar, Storage, Wind Drive 95% of US Interconnection Queues as Backlog Rises

Ahasolar Wins Consultancy Contract for 52 MW Solar Project from BPCL

REIL Invites Bids for 200,000 Mono PERC Solar Cells

Daily News Wrap-Up: MNRE Adds 4.1 GW of New Solar Module Capacity to ALMM

MNRE Adds 4.1 GW of New Solar Module Capacity to ALMM

AutoNxt Secures Pre-Series A Funding to Finance Electric Tractor Launch

Daily News Wrap-Up: REC Records Highest-Ever Loan Approvals in FY24

<p><a href="http://www.toshiba.co.jp/worldwide/index.html" target="_blank" rel="noopener noreferrer">Toshiba</a>, a Japan-based conglomerate, announced that it would not take any new orders for the construction work of coal-fired thermal facilities. The company is planning to shift towards renewable energy solutions.</p>
<p>Toshiba said that it would seek to reduce its greenhouse gas emissions by 50% by 2030 from its base level of 2019. It also has plans to expand its renewable energy business to 650 billion yen (~$6.17 billion) by 2030, from 190 billion yen (~$1.80 billion) in 2019.</p>
<p>“We are planning to build a state-of-the-art windmill domestically to add wind power as a new area of focus. To prepare ourselves for future energy storage demands, we are developing secondary batteries and participating in a world-class pilot program in Fukushima, Japan. With respect to carbon dioxide utilization, we commence the operation of a large-scale carbon capture facility in Fukuoka, Japan,” said Nobuaki Kurumatani, President and Chief Executive Officer of Toshiba.</p>
<p>According to Toshiba, the company will support the infrastructure sector&#8217;s transformation to achieve decarbonization goals. It also aims to commercialize its newly developed next-generation tandem and perovskite solar cells by 2025.</p>
<p>Toshiba recently established a new company with a European virtual power project operator Next Kraftwerke for its virtual power business.</p>
<p>This comes on the heels of a recent <a href="https://mercomindia.com/after-china-japan-pledge-carbon-neutral/" target="_blank" rel="noopener noreferrer">announcement</a> by Japan, the world’s third-largest economy,  that it plans to become carbon-neutral by 2050.</p>
<p>Coal is losing its ground as several companies are ending their support for new coal-fired power facilities. Recently, Germany’s Siemens Energy also <a href="https://mercomindia.com/siemens-energy-to-stop-support/" target="_blank" rel="noopener noreferrer">announced</a> that it would stop support for new coal-fired power projects.</p>
<p>Similarly, General Electric (GE), a U.S.-based multinational conglomerate, <a href="https://mercomindia.com/general-electric-ditch-coal/" target="_blank" rel="noopener noreferrer">announced</a> its plans to exit the new build coal power market. The company said that it would focus and invest in its renewable energy and power generation businesses.</p>
<p>Mercom earlier <a href="https://mercomindia.com/ntpc-stop-land-acquisition-coal-projects/" target="_blank" rel="noopener noreferrer">reported</a> that India’s largest coal-fired power generator, NTPC Ltd, also aims to transform itself into the country’s biggest renewable energy producer and refrain from acquiring land for new thermal power projects.</p>
<div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"></div><div class="saboxplugin-authorname"><a href="https://cms.mercomindia.com/author/harsh-shukla/" class="vcard author" rel="author"><span class="fn">Harsh Shukla</span></a></div><div class="saboxplugin-desc"><div itemprop="description"><p><img class="alignleft" src="https://mercomindia.com/wp-content/uploads/2022/02/Harsh-Shukla-293x300-1-new.jpg" width="99" height="102" /><a href="https://mercomindia.com/author/harsh-shukla/" target="_blank" rel="noopener"><strong style="color: #00b451">Harsh Shukla</strong> </a>is a staff reporter at Mercom India. Previously with Indian Express, he has covered general interest stories. He holds a Masters Degree in Journalism from Symbiosis Institute of Media and Communication, Pune.</p>
<p><a href="https://mercomindia.com/author/harsh-shukla/">More articles from Harsh Shukla.</a></p>
</div></div><div class="clearfix"></div></div></div>

Japan’s Toshiba to Stop Taking Construction Orders for Coal-Fired Plants

vpp

Get the most relevant India solar and clean energy news.

RECENT POSTS