29 Jun '12, 6am

PV Generation Business Booming in Japan; power Co's required to purchase electricity from renewable energy sources

PV Generation Business Booming in Japan Jun 29, 2012 14:33 Mami Akasaka, Tech-On! A CG of PV panels installed by Bit-isle (image courtesy of Bit-isle) Japanese power companies will be required to purchase all the electricity generated from renewable energy sources such as sunlight and wind at a fixed price from July 1, 2012. The price of the electricity generated by a photovoltaic (PV) power generation system is ¥42 (approx US$0.53) per 1kWh. Because of this business opportunity, many companies are entering the power generation market in Japan. Nippon Crucible Co Ltd, a Japan-based refractory product maker, announced June 28, 2012, that it will launch a PV power generation business by using the land of its Toyota Plant in Toyota City, Aichi Prefecture, Japan. Its generation capacity, annual energy production and annual CO2 reduction are expected to be 2MW, 2.2 million kWh ...

Full article: http://techon.nikkeibp.co.jp/english/NEWS_EN/20120629/225...

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