Japan Cuts Subsidy for Solar Power, Boosts Offshore Wind
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Japan approved a cut in tariffs for solar power as a building boom meant the technology made up 97 percent of new renewable capacity since it offered incentives.
The country gave final approval for the 11 percent cut to 32 yen (31 cents) a kilowatt-hour for the 20 years from the fiscal year starting April and offered 36 yen for offshore wind, the Ministry of Economy, Trade and Industry said in a statement.