Japan's ENEOS makes foray into solar power in Australia, eyes CO2-free hydrogen | S&P Global Commodity Insights

Japan's ENEOS makes foray into solar power in Australia, eyes CO2-free hydrogen | S&P Global Commodity Insights:

 ENEOS' foray into the Australian solar power business comes at a time when the company is aiming to boost its renewable power generation capacity to over 1 GW by the end of fiscal 2022-23. With this solar power business, ENEOS' prospective renewable power generation capacity in Japan and abroad will increase to 253.6 MW, of which 125.2 MW has already started, an ENEOS spokesman said. Under its three-year to March 2023 business plan, ENEOS Holdings, the parent company of its energy arm, has earmarked Yen 860 billion ($7.85 billion) for strategic investments, of which Yen 400 billion will be spent for next generation energy supply and businesses, including Yen 130 billion for renewables and hydrogen.