Latest News

Friday, 20th January 2012
In General Japan News,

Japan launches renewable energies subsidy

A new programme designed to entice investors into the wind-generated renewables sector through a system of subsidies was launched by the Japanese government last week.

Following the crisis of confidence in the nuclear industry post-Fukushima, there has been a radical overhaul of the country's energy policy with an increasing focus on renewables.

However, according to government figures reported by Reuters, wind power generation in Japan increased in capacity by 11.7 per cent in the 12 months to March last year, representing the slowest rate of expansion for at least a decade.

By March, the total capacity from Japan's wind turbines reached 2,422 megawatts. In the previous year capacity grew by 16.1 per cent.

Prior to the Fukushima disaster, Japan had planned to meet 50 per cent of its energy needs through nuclear sources, but this now changed and government legislation has been introduced to encourage the use of renewables.

The Japanese government has forecast that it will take as long as 40 years until the stricken Fukushima plant is entirely decommissioned.

Written by Kimberley Homer