• 20 mins British Utility Companies Brace For Major Reforms
  • 4 hours Montenegro A ‘Sweet Spot’ Of Untapped Oil, Gas In The Adriatic
  • 6 hours Rosneft CEO: Rising U.S. Shale A Downside Risk To Oil Prices
  • 7 hours Brazil Could Invite More Bids For Unsold Pre-Salt Oil Blocks
  • 8 hours OPEC/Non-OPEC Seek Consensus On Deal Before Nov Summit
  • 9 hours London Stock Exchange Boss Defends Push To Win Aramco IPO
  • 10 hours Rosneft Signs $400M Deal With Kurdistan
  • 13 hours Kinder Morgan Warns About Trans Mountain Delays
  • 19 hours India, China, U.S., Complain Of Venezuelan Crude Oil Quality Issues
  • 1 day Kurdish Kirkuk-Ceyhan Crude Oil Flows Plunge To 225,000 Bpd
  • 1 day Russia, Saudis Team Up To Boost Fracking Tech
  • 1 day Conflicting News Spurs Doubt On Aramco IPO
  • 1 day Exxon Starts Production At New Refinery In Texas
  • 2 days Iraq Asks BP To Redevelop Kirkuk Oil Fields
  • 2 days Oil Prices Rise After U.S. API Reports Strong Crude Inventory Draw
  • 2 days Oil Gains Spur Growth In Canada’s Oil Cities
  • 2 days China To Take 5% Of Rosneft’s Output In New Deal
  • 2 days UAE Oil Giant Seeks Partnership For Possible IPO
  • 2 days Planting Trees Could Cut Emissions As Much As Quitting Oil
  • 2 days VW Fails To Secure Critical Commodity For EVs
  • 2 days Enbridge Pipeline Expansion Finally Approved
  • 2 days Iraqi Forces Seize Control Of North Oil Co Fields In Kirkuk
  • 3 days OPEC Oil Deal Compliance Falls To 86%
  • 3 days U.S. Oil Production To Increase in November As Rig Count Falls
  • 3 days Gazprom Neft Unhappy With OPEC-Russia Production Cut Deal
  • 3 days Disputed Venezuelan Vote Could Lead To More Sanctions, Clashes
  • 3 days EU Urges U.S. Congress To Protect Iran Nuclear Deal
  • 3 days Oil Rig Explosion In Louisiana Leaves 7 Injured, 1 Still Missing
  • 4 days Aramco Says No Plans To Shelve IPO
  • 6 days Trump Passes Iran Nuclear Deal Back to Congress
  • 6 days Texas Shutters More Coal-Fired Plants
  • 6 days Oil Trading Firm Expects Unprecedented U.S. Crude Exports
  • 6 days UK’s FCA Met With Aramco Prior To Proposing Listing Rule Change
  • 7 days Chevron Quits Australian Deepwater Oil Exploration
  • 7 days Europe Braces For End Of Iran Nuclear Deal
  • 7 days Renewable Energy Startup Powering Native American Protest Camp
  • 7 days Husky Energy Set To Restart Pipeline
  • 7 days Russia, Morocco Sign String Of Energy And Military Deals
  • 7 days Norway Looks To Cut Some Of Its Generous Tax Breaks For EVs
  • 7 days China Set To Continue Crude Oil Buying Spree, IEA Says
Oil Prices Spike On Middle East Tensions

Oil Prices Spike On Middle East Tensions

Oil prices jumped upwards on…

Japan Considering 21 New Geothermal Plants

Japan Considering 21 New Geothermal Plants

In its seemingly never ending quest to find alternative sources of energy to replace its nuclear power sector, Japan’s Ministry of Economy, Trade, and Industry has stated that 21 new geothermal power plants are set to be built around the country.

Shinichiro Fukushima, an official in charge of geothermal energy at the ministry department has explained that incentives for clean energy, such as the extremely high rates offered for power generated by underground geothermal sources.

“Even very small projects are now worth the cost with the introduction of feed-in tariffs,” he said.

Japan offers a subsidy for geothermal power plants larger than 15MW of $0.27 per kilowatt hour, and $0.42 per kilowatt hour for smaller plant.

Related article: France In Tight Spot over Geothermal ‘Fracking’

The 21 new projects are of varying sizes, and at varying stages of development; all are still under consideration, but likely to be approved.

Before the new subsidy scheme Japan’s geothermal sector was made up of large-scale projects in the Hokkaido and Tohoku regions in the North of the country, and in the southern island of Kyushu. Now it is economically feasible for plants to be built of almost any size, and in almost any part of the country.

Japan currently has 17 geothermal plants in operation, providing a total capacity of 520MW and amking Japan the world’s 8th largest producer of geothermal electricity according to the Geothermal Energy Association.

By. Joao Peixe of Oilprice.com



Join the discussion | Back to homepage

Leave a comment
  • David B. Benson on April 14 2013 said:
    Drop in the bucket. I suppose this might cut down on LNG and coal imports a tiny bit.

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News