Society | Jun 30

NTT to enter Japan's renewable energy sector with $9bn investment

Jun 30 (Nikkei) - NTT will enter the renewable energy market and invest more than 1 trillion yen ($9.3 billion) by 2030 to set up its own transmission network, Nikkei learned on Monday.

NTT hopes to generate 7.5 million kW of electricity, which will be equivalent to 10% of renewable power capacity in Japan, by 2030. Japan had capacity of 61.35 million kW of renewable energy in 2019.

NTT will sell directly to customers, rather than go through another power transmission network.

This will be the first time for a company to enter the nationwide distribution network since the market was liberalized in 2016.

Amid the global move toward greener energy, the entrance of NTT, which has a strong capital base, into the market could change the competitive dynamics.

MORE Society NEWS

Princess Aiko Visits Imperial Tombs Solo

Princess Aiko, the eldest daughter of the Emperor and Empress, made her first solo visit to the tombs of the Showa Emperor and Empress Kojun on Thursday, to report her graduation from Gakushuin University and her new employment at the Japanese Red Cross.

Mysterious Black Animal Spotted in Tokyo

There have been multiple reports of a mysterious black animal in downtown Tokyo, with the enigmatic creature captured on video looking around nervously before noticing the camera and staring it down for about 15 seconds, then running away.

Former Host Pleads Guilty to Receiving 25 Million Yen from "Riri-chan"

A former host admitted to knowingly receiving approximately 25 million yen that had been deceitfully obtained by convicted scammer "Riri-chan," in a trial held on April 23.

< 2 3 4 5 >

Unpacking Japan's Lavish School Lunch

Japan's Cabinet Office's Government Public Relations Office recently stirred controversy with a social media post showcasing an overly lavish depiction of school lunches, leading to a public outcry over the authenticity of the meals presented.

Gotanda JP Building Opens Doors with Hoshino Resort on High Floors

Tokyo's Shinagawa district welcomes a new landmark with the grand opening of the Gotanda JP Building on Friday, April 26, featuring a dog-friendly hotel by Hoshino Resort, co-working spaces, and a vibrant culinary scene.

'SusHi Tech Tokyo 2024' Opens in Tokyo, Highlights Future Technologies

Starting this Saturday, 'SusHi Tech Tokyo 2024' begins a month-long showcase of Japan's advanced technologies, featuring attractions such as self-driving carts styled as futuristic floats and projection mapping installations, all available to the public for free.

BBC Accused of Distorting Smile-Up President's Comments

Japanese company Smile-Up, the former talent agency known as Johnny & Associates, says it has sent a letter of protest to Britain's public broadcaster BBC over its program on sexual abuse by its late founder. (NHK)

Japan's Population Crisis: 744 Municipalities Could Disappear by 2050

A private organization has revealed that approximately 40% of the national municipalities, totaling 744, could potentially disappear by 2050 due to declining populations.