Saturday, May 5, 2012

Roundup: Companies Rush to Set Up Solar Plants in Western Japan

In July, Japan will launch a new feed-in-tariff scheme for renewable energy, expecting to encourage both solar and wind power projects in the country.

The new scheme was proposed by the central government aiming to reduce reliance on nuclear power after the radioactive disaster at Fukushima No.1 Nuclear Power Plant while diversifying methods of power generation.

Local press reported that a government panel proposed this week regional power utilities should purchase electricity at a rate of 42 yen (about 0.5 U.S. dollars) per kWh for solar power supplies.

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