NewEnergyNews: JAPAN UPS PUSH FOR GEOTHERMAL

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  • Friday, October 17, 2014

    JAPAN UPS PUSH FOR GEOTHERMAL

    Japanese government plans to promote geothermal power

    The Yomiuri Shimbun, Oct. 12, 2014 (Chicago Tribune)

    “The Japanese government will revise the current feed-in tariff system, which requires power companies to purchase electricity generated by solar power and other renewable energy sources at fixed prices, to make utilities buy more electricity from geothermal power generation…[T]he government is trying to correct the system's current overemphasis on solar power…[and] control the rise of electricity rates by lowering the feed-in tariffs for solar power…Geothermal power is said to be economical in price and stable in supply [regardless of weather]…Japan has many volcanoes, and is said to have the world's third-largest amount of geothermal resources. There are geothermal power stations at 17 locations…But new geothermal generation facilities have not been developed…Since solar power generation takes only about one year for development [and gets high feed-in tariffs], solar plant operators have already won most of the rights to use power grids…This leaves few rights for operators of geothermal plants, which take about 10 years to develop…Electricity generated geothermally accounts for only 0.3 percent of [Japan’s electricity]…The government aims to raise this figure to 1 percent by 2030…” click here for more

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