How much is a gigawatt? 3.2 of them equal the output of three atomic reactors.
Wednesday, July 4, 2012
Japan to become No. 2 solar market
Incentives could lead to ¥760 billion in new installations, increase output by 3.2 gigawatts
By CHISAKI WATANABE
Bloomberg
Japan is poised to overtake Germany and Italy to become the world's second-biggest market for solar power as incentives that started Sunday drive sales for equipment makers from Kyocera Corp. to China's Yingli Green Energy Holdings Co.
Industry Minister Yukio Edano on June 18 set a premium price for solar electricity that is about triple what industrial users now pay for conventional power. That may spur at least ¥760 billion in new installations with 3.2 gigawatts of capacity, Bloomberg New Energy Finance forecast. The total is about equal to the output of three atomic reactors.