Bloomberg the Company

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

Japan’s METI Wants to Triple Budget for Clean Energy Development

Don't Miss Out —
Follow us on:

Sept. 7 (Bloomberg) -- Japan’s Ministry of Economy, Trade and Industry asked for 130.4 billion yen ($1.7 billion) to develop clean energy for the fiscal year starting April 1.

Of that, the ministry wants to allocate 25 billion yen to develop power grids to promote wind power, according to a budget request announced by the ministry today.

METI plans to spend 17.5 billion yen to develop wind power including a floating offshore wind project Japan is developing in Fukushima after the 2011 earthquake.

The request also includes 23.1 billion to develop large-size storage batteries. The budget for this fiscal year’s renewable energy projects was 43.5 billion yen, according to the ministry.

To contact the reporter on this story: Chisaki Watanabe in Tokyo at cwatanabe5@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.