Under a programme aimed at strengthening local supply chains, the Japanese government will provide funding to 151 projects, including schemes involving offshore wind turbine components.
Of the successful applications, 64 relate to products, parts and materials that are largely produced overseas, such as semiconductor parts, car battery components and offshore wind turbines. In the latter category, the list of winners includes Vestas Japan, a unit of Danish wind turbine maker Vestas Wind Systems A/S (CPH:VWS), Japan-based Yamada Seisakusho Co and Nippon Steel Engineering Co.
The awards were allocated in the second call of a national subsidy programme aimed at strengthening Japan’s supply chain networks and avoiding disruptions following the COVID-19 pandemic. The second opening of the scheme will back JPY 209.5 billion (USD 1.89bn/EUR 1.61bn) worth of projects. It has attracted 280 proposals with a combined value of JPY 311.8 billion, the government said.
The full list of winners is available on the website of Japan’s Ministry of Economy, Trade and Industry (METI). Apart from offshore wind and semiconductor parts, subsidies will also be awarded to medical care and pharmaceutical projects.
(JPY 100 = USD 0.907/EUR 0.771)
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