Energy Industry News

Japan's Mitsui, Canada's Northland to build 1 GW offshore wind farm in Taiwan

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Canada Canada Headlines News

Canada Canada Latest News,Canada Canada Headlines

Japan's Mitsui & Co said on Friday it had finalised a plan with Canada's Northland Power Inc to build a 1 gigawatt (GW) offshore wind farm in Taiwan at an estimated cost of 960 billion yen ($6.5 billion). The deal comes as countries around the globe are seeking to attract investment in offshore wind power projects to help combat global warming by reducing their use of fossil fuels. Mitsui and Northland, which won the stake in the Hai Long bottom-fixed offshore wind project in 2018, aims to complete construction by the end of 2026 to generate a total of 1.022 GW, equal to the annual power consumption of 1 million households.

Just a little more than half of people across Canada say they'll leave money to the next generation, Canadian Western Bank saysTORONTO — Weakness in energy and mining stocks outweighed strength elsewhere on Canada's main stock index Wednesday, which lost just a handful of points, while U.S. markets fell near the end of the day after the U.S. Federal Reserve chose to hold on interest rates.

NEW YORK — Asian shares were mixed on Friday after another slump on Wall Street driven by expectations that U.S. interest rates will stay high well into next year. Hong Kong and Shanghai advanced while Tokyo, Seoul and Sydney declined. U.S. futures edged higher and oil prices rose. Japan’s central bank kept its benchmark interest rate at minus 0.1%, as expected, but pledged flexibility in its policies.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Japan's ammonia strategy could present a big opportunity for CanadaJapan plans to import millions of tons of ammonia in the next few years as part of a push to decarbonize that country’s power generation — an initiative that could present a big opportunity for Alberta’s energy sector.
Source: CBCNews - 🏆 2. / 99 Read more »

Canada, Japan agree to work more closely on battery supply chainsCanada and Japan on Thursday agreed to work more closely together to establishing sustainable and reliable global battery supply chains, the Canadian government said in a statement. The two sides signed a memorandum of cooperation on the supply chains during a visit by Japanese Industry Minister Yasutoshi Nishimura, it said, but gave no details. Canada, home to a large mining sector for minerals such as lithium, nickel and cobalt, wants to woo firms involved in all levels of the electric vehicle (EV) supply chain via a multibillion-dollar green technology.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »