Japan’s Toshiba is looking to establish a local supply chain for offshore wind power equipment with help from General Electric (GE), Reuters reports. The supply chain would involve 100 small and medium sized businesses serving Japan’s growing wind energy sector, which aims to install 10 GW of wind power by 2030 and 45 GW by 2045. Last month Japan increased its target for wind power generation from 5 GW currently to 140 GW by 2050. Toshiba, which in 2021 entered into a partnership with GE to localize manufacturing of the latter’s Haliade-X offshore wind turbines, says it will begin production of its units in 2026.

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-

  • The US and India are looking to establish an investment platform that aims to boost private investments for green projects by working on lowering the cost of capital. (Reuters)
  • 710 tons of agricultural pesticides make their way to global waterways annually affecting 13k km of riverways before making their way into oceans. The rivers most affected by this are in the US, Argentina, India, and China. (The Guardian)
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