Furukawa Electric poised for $765m bet on Japan's renewables push

Plans call for doubling underwater power cable output to plug into government grid

20230324 Furukawa Denko

Submarine cables from Furukawa Electric are loaded onto a ship. The government is looking to build a power grid that connects Japan's big islands. (File photo obtained by Nikkei)

SHIMPEI NAKAMURA, Nikkei staff writer

OSAKA -- Japanese cable maker Furukawa Electric will invest up to 100 billion yen ($765 million) to boost production of underwater electric cables, with an eye on Japan's push to bolster renewable energy infrastructure, Nikkei has learned.

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