Japan’s NTT aims to expand renewable energy capacity to 7.5 GW by 2030

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FILE PHOTO: The logo of NTT (Nippon Telegraph and Telephone Corporation) is displayed at the company office in Tokyo, Japan, July 2, 2018. Picture taken July 2, 2018. REUTERS/Issei Kato/File PhotoTOKYO (Reuters) – Japan’s Nippon Telegraph and Telephone (NTT) plans to boost its renewable energy capacity manifolds to 7.5 gigawatts (GW) by 2030 as the telecommunications giant steps up its energy business to drive growth, its spokesman said on Tuesday. The move, which was reported earlier by Nikkei, comes as companies step up investment in green energy to tackle climate change and may boost competitions in Japan’s electricity market which has been liberalised since 2016. “NTT group aims to boost renewable power capacity from 300 megawatts now to 7.5 gigawatts by 2030 as backup energy sources for our communication hubs and other users in case of natural disasters, and raise the ratio of renewable power in our energy consumption to 30% by 2030 from 4.5% now,” NTT spokesman Yuhei Ogaki said. Most of additional capacity will come from solar and offshore wind power. NTT has no plan to build its own electric power supply networks across the nation to compete with the existing utilities, but it intends to strengthen its energy business, especially in decentralization energy infrastructure, he said. …

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