• 7 minutes Get First Access To The Oilprice App!
  • 11 minutes Japanese Refiners Load First Iran Oil Cargo Since U.S. Sanctions
  • 13 minutes Oil prices forecast
  • 17 minutes Renewables in US Set for Fast Growth
  • 33 mins Socialists want to exorcise the O&G demon by 2030
  • 16 hours Chinese FDI in U.S. Drops 90%: America's Clueless Tech Entrepreneurs
  • 16 hours Oceans "Under Fire" Of Plastic Trash
  • 1 day Is Natural Gas Renewable? I say yes it is.
  • 11 hours Cheermongering about O&G in 2019
  • 11 hours Good Marriage And Bad Divorce: Germany's Merkel Wants Britain and EU To Divorce On Good Terms
  • 2 days Blame Oil Price or EVs for Car Market Crash? Auto Recession Has Started
  • 2 hours *Happy Dance* ... U.S. Shale Oil Slowdown
  • 17 hours Duterte's New Madness: Philippine Senators Oppose President's Push To Lower Criminal Age To 9
  • 1 day Making Fun of EV Owners: ICE-ing Trend?
  • 1 day North Sea Rocks Could Store Months Of Renewable Energy
  • 1 day Emissions from wear of brakes and tyres likely to be higher in supposedly clean vehicles, experts warn
  • 2 days Orphan Wells
Crude Oil Inventory Draw Fails To Move Market

Crude Oil Inventory Draw Fails To Move Market

Crude oil prices didn’t move…

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