As of the end of June 2016, the ministry had approved about 3.15 million projects, representing a combined capacity of 106.5 gigawatts, to receive the preferential rates, according to the ministry data released Friday. The clean-energy developments that no longer qualify for the rates are among this group, which also includes projects that were built and running before the incentive program’s introduction.
About a quarter of all approved clean-energy projects in Japan may no longer qualify for government incentives after failing to meet a deadline to secure grid access, according to preliminary estimates from the Ministry of Economy, Trade and Industry. Some 456,000 projects totaling 27.7 gigawatts failed to get connections to the grid from local utilities by a government-imposed deadline, the ministry said in the report, adding that the final number could be smaller.
Q: How do you integrate ESG aspects into your investment strategy? A: We have a sustainability rating worked out for roughly 2,500 companies. We look at the companies’ performance, where we think they are going to be positioned tomorrow and their compliance with ESG parameters to give them a rating between zero and 100. We invest more in companies that have a higher rating, and exclude some of the worst performers from our portfolios.