(Bloomberg) - Japan's proposed incentives for renewable energy will boost solar panel installations and help wean the nation off nuclear power, industry lobby groups and developers said.
A government panel Wednesday recommended solar power providers earn 42 yen (52 U.S. cents) a kilowatt-hour for the electricity they produce, three times the 13.65 yen charged to industrial and commercial users, according to the Ministry of Economy, Trade and Industry. The preferential rate, known as a feed-in tariff, for solar power was recommended for 20 years.
"The start of the feed-in tariff program will be a major step forward to expand the solar power market," said Tetsuo Kuba, president of Kyocera Corp., a solar panel maker. "We will expand our businesses in the mega-solar market," Kuba said in a statement.
The panel's recommendation, which must be approved by Industry Minister Yukio Edano, marks another step in scaling back atomic power following the disaster at the Fukushima Dai- Ichi Plant last year and reducing carbon emissions linked to fossil fuel use.
Japan currently gets about 9% of its electricity from renewables. The government's feed-in tariffs will require power utilities to pay above-market rates for electricity generated from renewable energy sources such as solar and wind.
Wind and Geothermal
Wind-generated power was recommended at 23.10 yen a kilowatt hour for plants with the capacity of 20 kilowatts or more and 57.75 yen for smaller ones, both for 20 years.
For geothermal, the panel suggested 27.30 yen a kilowatt hour for plants with the capacity of 15,000 kilowatts or more and 42 yen for smaller plants, both for 15 years.
The feed-in tariffs will be introduced in July to spur investment in solar, wind, geothermal, biomass and hydroelectric power generation.
The program will replace an earlier one called "renewable portfolio standards" that require electricity retailers to buy set amounts of clean power at a price negotiated betwee
"Solamon Renewable Energy blog is created by a private organization, composed of various professionals, that strives to inform and disseminate info about a number of renewable energy sources (which are more viable) and environmentally-friendly than the widely-popular sources these days.
We feature geothermal heat, wave power and hydroelectrical power. Solamon Renewable Energy wants to practically give information away to people so they would become more open to suggestions that they think are too radical for our time.
Our group was founded with the aim to make countries see the relevance of starting to switch to renewable energy sources from the ones that we are used to. Not only because of the high prices and depleting availability, but more importantly, for the sake of environmental sustainability and nature preservation.
"
"About
Solamon Renewable Energy blog is created by a private organization, composed of various professionals, that strives to inform and disseminate info about a number of renewable energy sources (which are more viable) and environmentally-friendly than the widely-popular sources these days.
We feature geothermal heat, wave power and hydroelectrical power. Solamon Renewable Energy wants to practically give information away to people so they would become more open to suggestions that they think are too radical for our time.
Our group was founded with the aim to make countries see the relevance of starting to switch to renewable energy sources from the ones that we are used to. Not only because of the high prices and depleting availability, but more importantly, for the sake of environmental sustainability and nature preservation."
"
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http://www.nytimes.com/2012/07/05/us/biofuel-fraud-case-shows-weak-spots-in-energy-credit-program.html?_r=1
Biofuel Fraud Case Shows Weak Spots in Energy Credit Program
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The successful prosecution of a man accused of selling more than $9 million of fake fuel credits highlighted one of several schemes connected to the federal biofuel program.
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About
Solamon Renewable Energy blog is created by a private organization, composed of various professionals, that strives to inform and disseminate info about a number of renewable energy sources (which are more viable) and environmentally-friendly than the widely-popular sources these days.
We feature geothermal heat, wave power and hydroelectrical power. Solamon Renewable Energy wants to practically give information away to people so they would become more open to suggestions that they think are too radical for our time.
Our group was founded with the aim to make countries see the relevance of starting to switch to renewable energy sources from the ones that we are used to. Not only because of the high prices and depleting availability, but more importantly, for the sake of environmental sustainability and nature preservation.
"