nuclear-news

Solar industry’s bright prospects in Japan

 New Tariff, Nuclear Halt May Fuel Japan Solar Demand By MARI IWATA, March 5, 2012, TOKYO—Japan may become a bright spot for the solar industry due to regulatory changes and its nuclear power crisis, which equipment makers from home and abroad hope will help offset a profit outlook clouded by oversupply, falling prices and shrinking demand elsewhere.

A new feed-in tariff designed to boost industrial use of renewable energy will come into force this summer, with the government likely to recommend Tuesday rates that utilities should pay for renewable energy-sourced electricity and periods during which they should buy it.

Around the same time, the last of the country’s fleet of 54 reactors will be shut pending government decisions on Japan’s nuclear future.

The new feed-in tariff and the vacuum left by idled nuclear capacity are contributing factors to a European Photovoltaic Industry Association forecast of a 50% rise in Japanese solar panel demand in 2012, to 1.5 gigawatts.

Several foreign solar panel and component makers have already set up shop in Japan, putting them head-to-head with big local producers such as Sharp Corp. and Kyocera Corp., who have benefited from local consumers’ faith in locally made products.Kyocera said Monday that it and partner Softbank have been selected by Kyoto City to build and operate two 2.1-megawatt utility-scale solar power plants that together will be able to supply enough power for 1,000 households. They will be the largest such installations in the prefecture, and are due to be operational by July, when the new feed-in tariff takes effect.

SB Energy, a renewable energy unit of Softbank Corp., said separately Monday that it will build two solar farms, one in Gumma and the other in Kyoto…. http://online.wsj.com/article/SB10001424052970204276304577262781511394776.html

March 6, 2012 - Posted by Christina Macpherson | Japan, renewable