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 Reporter November 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Cecon Secures Finances to Complete Newbuild

Cecon ASA has petitioned for a debt restructuring agreement (in Norwegian: gjeldsforhandling). Certain funds managed by York Capital Management Global Advisors,

Libyan State Oil Firm NOC Will Remain Independent

Libya's Tripoli-based state firm National Oil Corp (NOC) will remain independent, it said on Thursday, in an apparent attempt to reassure foreign oil buyers it will stay out of the country's conflict.

Oil Prices Retreat from Short-covering Rebound

Global crude prices fell more than $1 a barrel on Thursday, retreating from a short-covering charged rally as traders bet the market had not shaken off a six-month long rout on oversupply concerns.

News

WSC CEO Koch to Retire in 2015

Chris Koch, current president and CEO of the World Shipping Council (WSC), will retire from his position on July 31, 2015, and WSC Senior Vice-President and General Counsel,

NMEA Updates Installation Standards

2014 edition of NMEA 0400, Version 4.00 features extensive updates and new information   The National Marine Electronics Association (NMEA) has published Edition 2014, Version 4.

Port of Galveston to Repair Public Pier

Galveston Wharves’ board of trustees today unanimously approved a project to repair pilings and pier deck in the Pier 19 area of the port. The board awarded the contract,

Government Update

Jaenichen Tours Port of Brownsville

The U.S. Department of Transportation’s Maritime Administrator Paul ‘Chip’ Jaenichen today visited the future site of a marine cargo dock at the Port of Brownsville made possible,

Abigail Ross Hopper Named BOEM Director

Secretary of the Interior Sally Jewell today named Abigail Ross Hopper as the Director of the Bureau of Ocean Energy Management (BOEM), which manages the development

USCG Says Unaffected by Cuba Policy Changes

The U.S. Coast Guard (USCG) issued a statement today stating that the United States’ Cuba policy change will not impact its missions annd operations. “Coast Guard

Wind Power

Dutch Container Terminal Signs on for Wind Power

APM Terminals Signs Contract for Wind-Power Generated Electricity for Maasvlakte II Terminal   APM Terminals has signed a two-year, €5 million ($6.23 million)

First Dividend from Nordex Likely

German wind turbine maker Nordex is mulling paying a dividend for the first time since listing on the stock exchange as part of efforts to create a long-term investor base,

CTruk Unveils Expansion Plans

Bigger boats for offshore wind and much more as company looks to sustainable growth   CTruk held an informal launch event at its new Colne Estuary site on The Hythe,

Offshore Energy

Abigail Ross Hopper Named BOEM Director

Secretary of the Interior Sally Jewell today named Abigail Ross Hopper as the Director of the Bureau of Ocean Energy Management (BOEM), which manages the development

QGEP to Acquire FPSO from Teekay

Teekay Offshore Partners L.P. has entered into an agreement with a consortium led by Queiroz Galvão Exploração e Produção SA (QGEP) to provide a floating production,

Jackup Rig Delivered to Abu Dhabi’s NDC

Lamprell delivers its 11th Super 116E jackup drilling unit Lamprell has completed the construction of jackup drilling rig, the Shuwehat, and has delivered the

 
 
Maritime Careers / Shipboard Positions Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1666 sec (6 req/sec)