28 Apr '13, 12am

[email protected]: Japan's #Solar Market: Big in #Japan #renewables #energy

“@solarfeeds: Japan's #Solar Market: Big in #Japan #renewables #energy

» Japan’s Solar Market: Big in Japan Why Solar Lighting is the Future The Future of the Global Renewables Industry Growth in renewable energy has been proceeding at a frantic pace since Japan’s very generous feed-in tariff (FiT) took effect on July 1, and everyone from oil companies to banks are rushing to participate. Japan is expected to jump to the world’s third biggest solar market this year, placing it right behind China and either the US or Italy. It’s FiT is so generous that it gives power producers triple the revenue as does Germany’s. The government’s goal is for renewables to supply 40% of Japan’s electricity by 2030, up from just 8% today, which comes mostly from hydropower. On the financing side, the market has lured backers from Goldman Sachs to IBM and Japanese mobile phone carrier Softbank, and now domestic banks are competing for control of the market. Mits...

Full article: http://www.solarfeeds.com/japans-solar-market-big-in-japan/

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