nuclear-news

Boost for solar power in Japan

Odawara, a city of 200,000 south of Tokyo, is setting up its own power company that will install solar panels at public facilities and sell electricity to Tokyo Electric Power Co

Residents who want to install panels on their homes will also get subsidies..

Japan approves renewable subsidies in shift from nuclear power, Malaysian Insider,  TOKYO, June 18 — Japan approved today incentives for renewable energy that could unleash billions of dollars in clean-energy investment and help the world’s third-biggest economy shift away from a reliance on nuclear power after the Fukushima disaster.

Industry Minister Yukio Edano approved the introduction of feed-in tariffs (FIT), which means higher rates will be paid for renewable energy. The move could expand revenue from renewable generation and related equipment to more than $30 billion (RM90 billion) by 2016, brokerage CLSA estimates.

The subsidies from July 1 are one of the few certainties in Japan’s
energy landscape, where the government has gone back to the drawing
board to write a power policy after the Fukushima radiation crisis,
the world’s worst nuclear disaster since Chernobyl in 1986.

The push for renewables is aimed at cutting reliance on not only
nuclear, but pricey oil and liquefied natural gas for energy needs.

The scheme requires Japanese utilities to buy electricity from
renewable sources such as solar, wind and geothermal at pre-set
premiums for up to 20 years. Costs will be passed on to consumers
through higher bills.

The government will pay 42 yen (RM1.60) per kilowatt hour (kwh) for
solar-generated electricity, double the tariff offered in Germany and
more than three times that paid in China.

Wind power will be subsidised at at least 23.1 yen per kwh, compared
with as low as 4.87 euro cents in Germany.

Subsidies have spurred explosive growth in renewable energy in
countries such as Germany, which has nearly tripled its output in less
than a decade…..
Odawara, a city of 200,000 south of Tokyo, is setting up its own power company that will install solar panels at public facilities and sell electricity to Tokyo Electric Power Co , the operator of the Fukushima Daiichi nuclear plant that was wrecked in the disaster.

Residents who want to install panels on their homes will also get subsidies….. http://www.themalaysianinsider.com/business/article/japan-approves-renewable-subsidies-in-shift-from-nuclear-power

June 20, 2012 - Posted by Christina Macpherson | decentralised, Japan, renewable