12 Apr '12, 5pm

Solar, Geothermal Set to Boom in Japan

Japan could become the next boom market for solar after it rolls out feed-in tariffs (FiT) for renewable energy in July, and several large projects have already been announced. With its nuclear plants shuddered there's a big energy hole that needs to be filled. Strict energy conservation efforts are helping, and the country will increasingly rely on renewable energy. Solar projects could produce equity returns of as much as 44%, and wind 51%, if the proposed rates are finalized, says Bloomberg New Energy Finance. The Fit could result in 10 GW of solar and 0.7 GW of wind capacity by 2014, representing an investment of $37.5 billion. That would make Japan the third largest solar market in the world. But the FiT rates have yet to be finalized, which could postpone the July 1 launch. Many proposed projects in solar, wind and geothermal are on hold, pending pricing decisions.

Full article: http://www.sustainablebusiness.com/index.cfm/go/news.disp...

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