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Japan OKs renewable subsidy in shift from nuclear power
Japan approved on Monday 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). The move could expand revenue from renewable generation and related equipment to more than $30 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.
...snip...
The FIT 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 price for solar-generated electricity will be 42 yen (53 U.S. cents) per kilowatt hour (kWh), more than double the tariff offered in Germany and over three times that paid in China.The price for wind power will be at least 23.1 yen per kWh, compared with as low as 4.87 euro cents (6 U.S. cents) in Germany.
http://in.reuters.com/article/2012/06/18/energy-renewables-japan-idINL3E8HI19M20120618
Industry Minister Yukio Edano approved the introduction of feed-in tariffs (FIT). The move could expand revenue from renewable generation and related equipment to more than $30 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.
...snip...
The FIT 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 price for solar-generated electricity will be 42 yen (53 U.S. cents) per kilowatt hour (kWh), more than double the tariff offered in Germany and over three times that paid in China.The price for wind power will be at least 23.1 yen per kWh, compared with as low as 4.87 euro cents (6 U.S. cents) in Germany.
http://in.reuters.com/article/2012/06/18/energy-renewables-japan-idINL3E8HI19M20120618
