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Japan: Solar subsidy policy will accelerate the global parity

Author : Date : 8/28/2011 6:24:32 PM

Japan: Solar subsidy policy will accelerate the global parity

     China recently implemented regulations and solar energy related bills to be implemented in Japan will accelerate the realization of the world in renewable energy to achieve grid parity with conventional energy sources, more than any previous expectations faster.

     solar water heater Japanese House of Representatives passed a bill on the solar PV subsidy to support the national growth of renewable energy in the end of 2020 to reach 100 trillion yen ($ 124 billion) to meet 20 percent of Japan's energy needs.

     According to the Climate Group said, the specific terms of details still need to further regulate FiTs. Last month, Trade Minister BanriKaieda told parliament, with the solar power system capacity may be doubled, most of the renewable energy tax rate will attract up to pay 20 yen per kilowatt-hour, about 15 years.

     The Climate Group Manager DamianRyan said, "Japan and China will follow the massive expansion in renewable energy production incentives being made, this is a exciting prospect." As the renewable energy cost-competitive, cost advantage over fossil fuels, China and Japan to bring the two Asian giants demand for solar energy industry will become the world's renewable energy to accelerate the development of a good tipping point.

     Japan, the former nuclear power industry to the country, typical of nuclear power began to stay away from nuclear power.

     Japan for solar and other renewable energy sources to promote, directly from the market earlier this year that caused the earthquake and tsunami Fukushima nuclear power plant disaster. Recently reported that, due to the effects of nuclear radiation, long durability, Fukushima in the vicinity of facilities in the next few decades will have been turned off. Currently, there are still a radius of 20 km restricted area.

     According to the Geographical Society of northeastern Japan data show that the earthquake and tsunami disaster caused by nuclear power plants do, there are currently more than 63,000 people Fukushima remain displaced.

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