TEPCO aims to invest over $18 billion to raise its green energy generation

Japan based Tokyo Electric Power Company (TEPCO) plans to spend more than $18 billion (JPY2t) over the next 10 years to raise its green energy generation by up to 70 per cent.

Also, TEPCO plans to fund its new ventures through a green bond offering of $92.45 million (JPY10b). Offshore wind and hydro generation are the key focus points of the unit as it aims to build 7GW of green power capacity in Japan and abroad. However, the company comes out with a plan of clean power after nation’s under increasing pressure to curb support for coal, both at home and abroad.

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