Japan adopts feed-in tariff to boost renewables


To Bloomberg : ” Japan approved a bill today to subsidize electricity from renewable sources, joining European nations in shifting away from nuclear power after the Fukushima reactor meltdowns in March.”

” (…) The bill allows for incentives that guarantee above-market rates for wind, solar and geothermal energy. The so-called feed- in tariff created a race to install solar panels when implemented in Germany and Spain.”

” (…) Solar panels had capacity to produce about 3.68 gigawatts of power at the end of last year in Japan, and the government is targeting 28 gigawatts by 2020.”

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