To intensify the promotion of green energy in Japan, the Fukushima government will subsidize the building of 11 PV power stations and 10 wind farms in the region, which will cost a total of NT 83.4 billion.
The total capacity of the projects is estimated to be approximately 600 MW. The government will be using these projects to push the country towards 100% renewable energy by 2040.
In 2018, the total output of green power in Fukushima reached 1.5 GW, which is a far cry from the 1 GW of output from 2016 and the 400MW of output from 2012.
The Development Bank of Japan and Mizuho Bank have each confirmed that they would be loaning a total of 300 billion yen (NT$83.4 billion) for the development of the region’s projects by the end of 2023.
The entire green-power output of the region will be supplied not only to the local areas but also to Tokyo via the transmission of the grid. The grid, which will be around 80 kilometers in length, will be built with a total budget of approximately 29 billion Yen (roughly NT$8 billion).
Japan has long been investing in the developments of its large-scale green power plants and distributed green energy systems. The implementation of its green energy projects will entail the need for the expansion of the grid for the transmission of their massive outputs.
By the end of 2030, the overall share of Japan’s green power output is set to rise to 22-24%; the share of the country’s thermal power is projected to reach 56%, of which 20-22% will be from nuclear power, and 26% from coal-fired power.
(Photo courtesy of Flickr/minoru karamatsu CC BY 2.0)