TEPCO Renewable to hasten expansion to meet Japan's reinforced climate goal

TOKYO : TEPCO Renewable Power, a unit of Tokyo Electric Power Company Holdings, will speed up development of green power projects to meet Japan's new target for cutting greenhouse gas emissions by 2030, its president said.

The company plans to raise funds through green bonds, bank lending and project finance, Fubasami said. It plans to issue its first green bonds worth 30 billion yen on Thursday. It is also considering bids on a few other local wind power projects, while also looking to start development of a floating wind farm offshore Japan in the late 2020s, Fubasami said.

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