Japan Recommends Preferential Rates for Renewable Energy (Bloomberg)
A government panel yesterday recommended a preferential rate, known as a feed-in tariff, of 27.30 yen a kilowatt hour for geothermal plants with the capacity of 15,000 kilowatts or more and 42 yen for smaller plants, both for 15 years.
Pending approval by the Ministry of Economy, Trade and Industry, the feed-in tariffs will be introduced in July to spur investment in solar, wind, geothermal, biomass and hydroelectric power generation.
The panel will meet again on April 27 to finish their recommendations, according to Ueta.
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