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Japan refrains from cuts to geothermal tariffs in tariff review

Magoroku Hot Spring, Akita, Japan (source: flickr/TED_KANAKUBO, creative commons)
Francisco Rojas Francisco Rojas 23 Mar 2015

Solar installations have grown considerably in Japan, but other renewables such as geothermal or wind power have not.

Japan has recently approved cuts on tariffs on some renewable energy incentives starting this summer, mainly on solar.

According to Bloomberg “The cut in July will mark the end of a three-year premium period for solar. Japan introduced an incentive program for clean energy in July 2012, with tariffs set higher at the outset to encourage investment.”

Solar has seen a significant growth in the country but other renewables such as geothermal or wind power have not.

As a final remark, Bloomberg also states that “The ministry kept tariffs for other types of clean energy, including geothermal and wind, unchanged for next fiscal year, following recommendations by the panel. To support the incentive program, costs are passed on to consumers as surcharges.”

To read the full news piece, follow the link below.

Source: Bloomberg