News 29
Japan Clean Energy Funding to Double as Incentives Start
Renewable energy investments in Japan may double as companies
from mobile phone provider Softbank Corp. (9984) to battery maker
GS Yuasa Corp. (6674) take advantage of government payment
incentives beginning July 1.
The government initiative will require utilities to buy power
from renewable energy providers at premium prices under so-called
feed-in tariffs. As a result, investment in solar, wind and other
forms of clean energy may jump to $17.1 billion from $8.6 billion
in 2011, Bloomberg New Energy Finance estimates.
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Source - http://www.businessweek.com/
