Fukushima Governor Yuhei Sato recently visited Germany on a tour to both promote and learn about renewable energy. Sato is pushing for renewable energy to grow in the prefecture in an attempt to revitalize the region and find replacement income for the vast damage done to the area economy.
The prefecture held an event in Dusseldorf to discuss opportunities for German renewable energy companies in Fukushima. One large scale solar project is already underway by a Germany company. The two groups have also agreed to work together on medical technology improvements in Fukushima.
Renewables are happening outside Fukushima with more projects coming on line rapidly. Japanese company West Holdings is putting $1.3 billion into large scale solar power plants in Japan. Mitsubishi is in talks with wind energy company Vestas on a partnership for wind energy in Japan. Japan’s new feed in tariff for wind in 23.1 yen per KWH, well above the market rate for electricity. Japan’s solar market is estimated to be about $9.6 billion with a new solar feed in tariff of 42 yen.
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