Panel: Lift Japan offshore wind tariff lift, Cut solar prices

marinelink.com
Monday, March 10, 2014

A government panel has recommended Japan lift the amount utilities must pay for electricity from offshore wind farms while cutting prices for power fed in from solar projects, as the country looks to diversify its use of renewable energy.


Japan, hoping to boost alternative energy in the wake of the Fukushima nuclear disaster, introduced a feed-in tariff scheme in 2012, under which utilities must buy all power generated from renewable sources such as wind, solar or geothermal. But wind projects accounted for only 3 percent of development approvals under the programme as of November, with solar making up 94 percent.


The panel's recommendation, which will need approval from Japan's trade minister to take effect, should boost business for companies connected to the wind sector both domestically and overseas such as Hitachi Ltd and Mitsubishi Heavy Industries. "As you look at Japan, and how we see the energy mix in Japan ... we see an opportunity, and that opportunity is in renewables," Anne McEntee, head of renewable energy at GE, said at an industry conference last month, when the company announced it would begin selling a wind turbine made
specifically for the country.


The offshore wind tariff for major projects should be lifted by nearly two-thirds to 36 yen a kilowatt-hour from the year that starts from April, while the solar tariff should be cut by 11 percent to 32 yen a kilowatt-hour for corporate projects, the panel suggested in a report issued late on Friday. While generous subsidies have sparked a rush of solar energy
projects, the trade ministry is now considering revoking authorization for some unbuilt installations.

 

Industry sources have said the promise of a quick profit encouraged speculative developers lacking the experience and expertise needed to deliver, and would cause many projects to fall through. As of November, less than a quarter of the 26,226 megawatts of solar capacity approved since subsidies were introduced in July 2012 is selling power to the grid, according to data issued late last month by Japan's Ministry of Economy, Trade and Industry (METI).


Below is a table of the prices proposed by the committee for the fiscal year that begins from April and the actual prices for the current fiscal year that ends in March. The prices are in yen per kilowatt-hour (kwh) and exclude tax.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter June 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Oil Up on US Crude Draw; Brent Back Above $50

Oil prices surged 4 percent on Wednesday, with Brent settling above the psychological $50 a barrel mark, after a larger-than-expected drawdown in U.S. crude inventories.

Baltic Index Rises on Greater Vessel Demand

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Wednesday, boosted by demand that is driving rates up across vessel segments.

CMA CGM Crosses 91.05% Ownership Threshold of NOL

CMA CGM S.A has crossed the compulsory acquisition ownership threshold in Neptune Orient Lines Limited (NOL).    Following its all-cash voluntary conditional

News

VLCC Delivered to Gener8 Maritime

Gener8 Maritime, Inc., a U.S.-based provider of international seaborne crude oil transportation services, has taken delivery of the ECO VLCC the Gener8 Constantine on June 27,

COSCO Says Piraeus Port Sale Terms Inconsistent with Deal

COSCO Greece objected on Wednesday to terms submitted to parliament for the sale of Piraeus Port to China COSCO Shipping, saying they were inconsistent with those

BP Receives its First Venezuelan Crude Cargo under Swap Deal

Britain's BP Plc this month received a Venezuelan crude cargo from state-run PDVSA, according to Thomson Reuters trade flows data, the first since the companies

Government Update

BP Receives its First Venezuelan Crude Cargo under Swap Deal

Britain's BP Plc this month received a Venezuelan crude cargo from state-run PDVSA, according to Thomson Reuters trade flows data, the first since the companies

List: Top Five UK Ship Owners

Following last week's landmark referendum results, VesselsValue has compiled a list of the top five U.K.-based shipowners and their total fleet value in USD billions.

FMC's Doyle Addresses VGM Rules

U.S. Federal Maritime Commission (FMC) Commissioner William P. Doyle issued a statement on the upcoming implementation of the SOLAS Convention’s verified gross mass (VGM) requirements:   On Friday,

Wind Power

Charting the Shift of Oceanic Boundary Currents

Global warming results in fundamental changes to important ocean currents. As scientists from the Alfred-Wegener-Institute show in a new study, wind-driven subtropical

Ulstein Delivers for BS Offshore

The first of two service operation vessels (SOV) ordered in 2015 by Bernhard Schulte Offshore (BS Offshore) and its client Siemens from Ulstein Verft in is now completed,

Maritime Projects Continue Shaping Rhode Island’s Future

When I visit Rhode Island, one of the first things I notice its extensive water resources available for tourism, sports and commerce not to mention the ability

Offshore Energy

Lloyd's Register Extends Drilling Rig Integrity Support

Exploration begins by BHP Billiton using the Deepwater Invictus rig and supported by Lloyd’s Register’s rig integrity team. Lloyd’s Register (LR) announced it

Another Fugro Vessels Joins Largest SEEP-Hunting Survey

Fugro has deployed multi-purpose offshore survey vessel Fugro Gauss to join the Fugro Brasilis offshore Mexico, to help complete the world’s largest seep-hunting

JIP Validates DNV GL's Helica Software

A joint industry project run by DNV GL has replicated stresses measured in an umbilical subjected to tension and bending in full-scale tests, further validating

 
 
Maritime Contracts Maritime Security Maritime Standards Navigation Offshore Oil Pod Propulsion Salvage Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1341 sec (7 req/sec)