Sunday, November 24, 2013

Japan's solar dream shatters as projects fail

Japan's solar dream shatters as projects fail
 
The failure of developers to deliver on planned solar projects in Japan will cost the country’s utilities $3.5 billion annually in additional coal and gas imports to generate power. The creation of huge subsidies and virtually no requirements for being aproved seems to be the major cause of the problem. Impossible projects receiving money included plans for exploitation of national parks, forests and mountains that could never be used. Solar projects can take up to three years to complete, so some are still being built. But more than half of the approved projects may never be built, sources said. 
 

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