Development of high-efficiency thermal power plants and renewable energy sources

JERA Co., Inc.

The development plan of thermal power plants in Japan

Outline

In order to realize a decarbonized society in the future and to realize a stable and affordable power supply during the transition period, our company will continue and strengthen the development of high-efficiency thermal power plants and renewable energy sources in Japan and overseas in accordance with our "Environmental Policy" and "Environmental Goals"[1].

The development of high-efficiency thermal power plants and renewable energy sources will contribute to the achievement of Japan's greenhouse gas reduction targets for 2030, 2050 and in the future, and the realization of the ideal energy mix, namely 3E.

Description

Development of high-efficiency thermal power plants
In Japan, our company will replace old power plants with state-of-the-art, high-efficiency equipment, while effectively using existing infrastructure, thereby enhancing competitiveness and reducing environmental impact, including CO2, at the same time.
At present, the development plan of total 7.31 GW is under way in 5 sites.

In addition to the development of power plants, our company is also working on improvements of power generation efficiency. The replacement work for gas turbines in the No.1 and No.2 series at the Futtsu Thermal Power Station, which started in 2016, was completed in 2019 and is expected to reduce annual CO2 emissions by approximately 660,000 tons[2].
We are engaged in a variety of projects in various countries around the world, developing and operating power generation assets that meet the needs of each country and region, from the power business under free competition in mature countries to the integrated development from fuel supply to the construction and operation of power plants in emerging countries.

Development of renewable energy sources
Our company positions renewable energy as one of our core businesses in the future, and will focus on offshore wind power generation, taking advantage of our strength in large-scale development.
In 2020, we acquired a stake in the "Formosa 3" following the Formosa 1 and 2 projects, an offshore wind power generation business in Taiwan[3].
Offshore wind power generation in Asia is still developing. Through participation in several projects at different stages in Taiwan, which is a leading market, we will assimilate knowledge from the construction in the initial stage to the stable operation and maintenance in the operation stage, and expand it globally.