Japan Delays Offshore Wind Pricing Bid in Green Push Setback

Japan has delayed indefinitely an auction to set government funding levels for offshore wind projects pending a review of the investment climate, the latest blow to the country’s push to expand renewable energy supplies.
A government panel on Wednesday backed a proposal by the Ministry of Economy, Trade and Industry to postpone the next round of bids to set the feed-in premium for new offshore wind projects, the level of state financial support required by an investor to ensure stable operation of a renewable initiative. The benchmark is critical to the investment decisions of potential developers.