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Japan delays 16.8MW Goto wind power project launch date - Argus Media

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Japan delays 16.8MW Goto wind power project launch date | Argus Media

<article><p class="lead">A Japanese consortium has delayed the start of commercial operations at the 16.8MW offshore wind power project in Goto city, Japan's southwest Nagasaki prefecture, by two years to January 2026.</p><p>Goto Floating Wind Farm, the consortium between Japanese upstream firm Inpex, utilities Osaka Gas, Kansai Electric Power and Chubu Electric Power, renewable power developer Japan Renewable Energy (JRE), and general constructor Toda, will postpone the commercial operation start date because of issues with a floating structure, the consortium said on 22 September. The wind power plant was scheduled to start commercial operations in January 2024. </p><p>The Japanese firms have been developing eight wind mills with a capacity of 2.1MW each off the coast of Goto.</p><p class="bylines">By Reina Maeda</p></article>

Related Knowledge Center: Climate economics

State of Play

Climate change is now a driver of the world’s economy. The impact is profound:

  • Catastrophic weather events — hurricanes, floods, droughts, high temperatures — are more frequent and more extreme. The cost can be measured in both the initial damage caused and the longer-term impact on the economy.
  • Vulnerable communities are increasing climate-related investments, hardening infrastructure and taking other protective measures.
  • Investment in carbon capture and storage technologies is increasingly rapidly.
  • Governments are making investments and crafting regulations to reduce emissions of carbon dioxide and other greenhouse gases. 

On top of all of this is the cost of uncertainty. As the Fourth National Climate Assessment, released in 2018 by the U.S. Global Change Research Program, says, “The assumption that current and future climate conditions will resemble the recent past is no longer valid.”

More informationabout Climate economics