Analysis-Japan poised to sweeten offshore wind rules as players get cold feet

Japan is considering sweetening its offshore wind energy rules due to decreased interest from developers. The government had previously announced ambitious plans to build 10 GW of offshore wind power by 2030, but the challenging regulatory environment and high development costs have caused some companies to reconsider their involvement. To address these concerns, Japan is reportedly planning to revise its offshore wind rules, making it easier for developers to secure permits and connect to the grid. This move is intended to encourage more companies to invest in offshore wind projects and help Japan meet its renewable energy targets. The revised rules are expected to be announced later this year.