Japan’s High-Cost Renewable Energy Curbs Subsidy Impact
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Japan must cut the cost of installing solar panels and wind turbines to take full advantage of clean energy incentives three times as generous as those in Germany and Sweden, an official at the energy foundation set up by billionaire Masayoshi Son said.
High costs are one of the largest impediments to a wider uptake of clean energy in Japan following the March 2011 earthquake and nuclear meltdown, said Tomas Kaberger, the executive board chair of Son’s Japan Renewable Energy Foundation and a former director of the Swedish Energy Agency.