Leading Japanese telecommunications group NTT is to invest more than US$9.3Bn in renewable energy in the next decade and develop its own transmission network
According to reports, the company wants to have a renewable generation capacity of 7.5 GW in the same period.
Nikkei Asian Review said the formerly state-owned company also intends to operate ‘on a national scale’ in Japan’s power distribution market, selling power directly to its customers, using telephone exchanges nationwide as ‘mini generators’ equipped with batteries for renewable energy.
“From there, power will be provided to factories and offices nearby through existing grids or NTT’s own lines,” the report said. The company plans to generate clean power from solar and offshore wind.
Reuters reported an NTT spokesperson saying, “NTT group aims to boost renewable power capacity from 300 MW to 7.5 GW by 2030 as backup energy sources for our communication hubs and other users in case of natural disasters, and raise the ratio of renewable power in our energy consumption to 30% by 2030 from 4.5% now.”
Nikkei Asian Review said the company sees renewable energy as a new pillar of its business at a time when its communications operations face slow growth.
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