• 6 minutes Corporations Are Buying More Renewables Than Ever
  • 17 minutes WTI @ 67.50, charts show $62.50 next
  • 23 minutes Starvation, horror in Venezuela
  • 15 mins Permian already crested the productivity bell curve - downward now to Tier 2 geological locations
  • 1 hour China still to keep Iran oil flowing amid U.S. sanctions
  • 2 hours Is NAFTA dead? Or near breakthrough?
  • 8 hours China goes against US natural gas
  • 2 days Desperate Call or... Erdogan Says Turkey Will Boycott U.S. Electronics
  • 1 hour Japan carmakers admits using falsified emissions data
  • 2 days Renewable Energy Could "Effectively Be Free" by 2030
  • 25 mins How To Explain 'Truth Isn't Truth' Comment of Rudy Giuliani?
  • 2 days Saudi Fund Wants to Take Tesla Private?
  • 15 hours Hey Oil Bulls - How Long Till Increasing Oil Prices and Strengthening Dollar Start Killing Demand in Developing Countries?
  • 2 days Pakistan: "Heart" Of Terrorism and Global Threat
  • 2 days Are Trump's steel tariffs working? Seems they are!
  • 1 day Why hydrogen economics does not work
The Real Leader In Global Energy Production

The Real Leader In Global Energy Production

Last week President Trump was…

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