(From Asahi Shimbun)
Softbank Group Corp.’s hopes of building a cross-border power grid in Northeast Asia got a welcome nod March 30 when a feasibility study was agreed in Beijing.
SBG, along with State Grid Corp. of China, Russia’s power transmission and distribution company PJSC Rosseti and Korea Electric Power Corp. of South Korea, hopes the grid fired by renewable energy sources such as solar and wind power will be operating by around 2020.
Heads of the four firms met at a conference in Beijing hosted by State Grid, the largest power transmission company in China, and agreed to think about pilot projects and power transmission routes.
SBG entered the renewable energy market after the triple meltdown at the Fukushima No. 1 nuclear power plant in 2011.
SBG Chairman and CEO Masayoshi Son proposed the “Asia Super Grid” plan linking East Asian countries under the banner of “break with nuclear power generation.”
The program intends to stabilize the supply of renewable energy through international interchange and reduce electricity rates in the participating countries. Read more