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Thursday, April 5, 2012

Japan:

Japan Geothermal Power Could Grow to 2 Gigawatts by 2020s (Bloomberg)


Geothermal capacity in Japan could grow almost fourfold to 2 gigawatts by the 2020s following the government’s decision to allow projects in newly opened areas of national parks, according to a research agency.

Japan’s geothermal sector may also benefit from a feed-in tariff program starting in July to pay above-market rates for renewable energy as well as 9 billion yen ($109 million) in subsidies for feasibility studies and test drilling for the year ending March 2013, Bloomberg New Energy Finance said.