Economics
Japan May Set Higher Offshore Wind Subsidy, Reduce Solar Tariff
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Japan plans to reduce incentives for solar power and introduce a higher tariff for offshore wind than onshore turbines to encourage installations.
The offshore wind tariff would be set at 36 yen (35 cents) a kilowatt-hour for 20 years, according to a report by a panel advising the trade ministry. Onshore wind would get a separate rate, of 22 yen, unchanged from fiscal 2013. The solar tariff would decline 11 percent to 32 yen.