TOKYO : The Japanese arm of British energy supplier Octopus Energy aims to add more renewable energy to its supply mix because it provides a more stable purchasing price compared with the liquefied natural gas it now relies on, its local head said.
To provide power to Japanese households, Octopus Energy currently relies on Tokyo Gas for electricity, and nearly 80 per cent of that comes from LNG-fired power generation, Hajime Nakamura, the chief executive of TG Octopus Energy in Japan, told Reuters. "In terms of the renewable energy currently developed in Japan, the majority is solar ... so solar is the most easily accessible power generation at this time," he said.
Octopus Energy does not plan to take part in Japan's public auctions for offshore wind power projects as it is focusing on supplying power rather than producing it, Nakamura said.
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