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Japan to pass landmark renewable energy law

Renewable Energy Boom About to Start in Japan, Oil Price.com By Energy Digital, 17 January 2012   Japan’s Parliament readies approval of an energy bill that will spark ‘explosive growth’ in renewable solar and wind

Solar and wind companies, set your sails for Japan! The country is about to pass a landmark bill into law that will see “explosive growth” in both solar and wind energy investment according to Prime Minister Naoto Kan.  The bill is designed to reduce Japan’s dependence on nuclear power, which accounts for roughly 30 percent of the country’s energy generation. Japanese lawmakers are readying to sign the bill into law by the end of August.

The bill has been developed and promoted by Prime Minister Kan himself, and seeks not only to move away from nuclear dependence, but also break the energy monopoly held by the country’s 10 major utilities.

The legislation calls for installed renewable energy capacity to rise by at least 20 percent of the country’s total power by the early 2020s.

The bill will require utilities to purchase power from outside providers, such as cooperatives and private companies. The rule aims to promote the use of alternative energy sources, which currently only make up 9 percent of Japan’s total electricity supply….. http://oilprice.com/Alternative-Energy/Renewable-Energy/Renewable-Energy-Boom-About-To-Start-In-Japan.html

January 18, 2012 - Posted by Christina Macpherson | Japan, politics, renewable