Market News

Japan’s power sector is under pressure to reform pricing rules of the country’s power capacity market auction, given unexpectedly high prices in the recent first auction. The contract price for the first auction, which was for power generation capacity available in the April 2024-March 2025 fiscal year, settled at ¥14,137/kW ($134.45/kW) for 167.69GW. This was…

Macquarie takes forward the first transaction in Japan through its Green Investment Group (GIG) platform Macquarie’s Green Investment Group will form a joint venture with Iberdrola to co-develop a 3.3 GW portfolio of offshore wind projects The portfolio consists of six projects, three of which will utilise floating offshore wind foundations Macquarie Group Ltd today…

MR.Cole_Photographer / Getty Images DNX Ventures, an investment firm that focuses on early-stage B2B startups in Japan and the United States, announced today that it has closed a new $315 million fund. This is DNX’s third flagship fund; along with supplementary annexed funds, this brings its total managed so far to $567 million. Founded in…

Taiwan wind offshore market is set to witness multifold expansion to reduce its reliance on fossil fuel generation and build a cleaner sustainable power generation mix. Taiwan is estimated to build approximately 15GW of offshore wind capacity by the end of 2035, becoming a gigawatt market from 2023 onwards. The offshore wind segment has become…

Warren Buffett’s conglomerate, Berkshire Hathaway, has acquired slightly more than 5% of the outstanding shares in five of the leading Japanese trading companies. The companies are Itochu, Marubeni, Mitsubishi, Mitsui and Sumitomo, and the stakes were bought by insurance subsidiary National Indemnity Company over a year through regular purchases on the Tokyo Stock Exchange. The…

Image: metamorworks, Getty Images/iStockphoto To keep up with tech competitors, businesses must make the most of their data in this Data Age, stressed a recent report from Splunk research, “The Data Age is here. Are you ready?” Businesses not only risk falling behind but become subject to and vulnerable to myriad potential cybersecurity breaches. Eighty-six…

Perhaps the only thing we know for sure during the ongoing pandemic is that life, love, and business will continue; it’s just a matter of being prepared to navigate the “new normal.” With this idea in mind, HCCR started The Social Dignity Webcast to keep global business leaders, entrepreneurs, advisers, and visionaries informed as we…

Google made waves recently by announcing its new program, “Google Career Certificates,” a collection of courses designed to help participants get qualifications in high-paying, high-growth job fields without attending university. The courses should take about six months to complete, and will cost a fraction of a traditional college education. Last week I described this as…

Google, a company that has successfully “organized the world’s information,” is about to tackle an issue we’ve long endured but have never known what to do about: tech education. It’s not a secret that colleges and universities are struggling miserably to stay relevant in tech domains. Our grandparents have a difficult time understanding how a…

Automakers are looking into the potential of a carbon neutral fuel called e-fuel, made from water, carbon dioxide and renewable energy, that could be an alternative to electric vehicles. | BLOOMBERG As the world shifts to more environmentally friendly ways to power cars and trucks, electric vehicles and fuel cell vehicles have grabbed much of…