Kyushu Electric Power
Kyushu Electric Power Co., Inc. (Kyuden) is a publicly listed company headquartered in Japan. In 2019, its revenue was US$18.51 billion and installed capacity was 29.51 GW in 2018 (including purchased capacity). It mainly delivers power to seven prefectures in Japan but also has projects in other Asian countries, the UK and France. Kyuden has reduced emissions by restarting nuclear generation shut down after the Fukushima disaster in 2011, but it will struggle with long-term decarbonisation without a plan to phase out fossil fuel assets.
- Ranking position
- #22 /50
- Total score
- 9.4 /20
- Narrative Score
- ABCDE
- Trend Score
-
- Trend line is up
- Trend line is equal
- Trend line is down
Leading practices
No leading practices were identified for this company.
Risks and opportunities
Trend
Kyuden is awarded a trend score of -. If the company were reassessed in the near future, its score would likely worsen. Kyuden’s decarbonisation has largely been driven by restarting nuclear generation. However, its existing nuclear power plants still face regulatory risks, with the Sendai nuclear power plant recently halted due to Kyuden’s failure to implement anti-terrorism measures on time. Additionally, the company has not committed to phasing out coal or oil, which respectively accounted for 13% and 11% of capacity in 2018. Consequently, Kyuden is expected to exceed its carbon budget. The target to increase its owned renewable capacity from 2 to 2.5 GW by 2030 is unambitious. The company’s expansion plans outside of the Kyushu region therefore look likely to be driven by fossil fuels. That being said, some recent steps to develop renewables have been taken. Firstly, Kyuden signed a deal with Germany’s RWE to jointly develop offshore wind. Secondly, it acquired two geothermal companies based in the USA and Indonesia.
Progress towards the Paris Agreement
More about the company
- Headquarters
- Fukuoka, Japan
- Ownership structure
- Publicly listed
- Group revenue
- US$18.51 billion
- Installed capacity
- 29.51 GW (2018) (including purchased capacity)
- Website
- https://www.kyuden.co.jp/english_index.html