The feed-in tariff system for renewable energies entered into force Sunday to help promote their use and cut Japan’s dependency on nuclear power.
The system requires utilities to purchase all electricity generated through solar, wind, water and geothermal power, among other eco-friendly sources, at fixed rates for up to 20 years. The costs will be passed onto consumers.
The government’s generous tariff rates have created considerable interest in the sector, with companies rushing to build massive solar and other power plants based on renewable energies.
Read the rest of the story: Feed-in tariff era gets under way.