• 4 minute Hey Oil Bulls - How Long Till Increasing Oil Prices and Strengthening Dollar Start Killing Demand in Developing Countries?
  • 8 minutes Could oil demand collapse rapidly? Yup, sure could.
  • 15 minutes Oil and Trade War
  • 47 mins Could oil demand collapse rapidly? Yup, sure could.
  • 8 hours Migrants: Italy Wants EU Border Agency In Africa, Not At Sea
  • 5 hours Are EVs Safer Than Combustion Engine Vehicles?
  • 2 hours What If Canada Had Wind and Not Oilsands?
  • 4 hours WE Solutions plans to print cars
  • 4 hours Russia, Saudi Push For Big Hike In Oil Output Despite Iran Opposition
  • 4 hours Oil prices going down
  • 9 hours Nopec Sherman act legislation
  • 15 hours Sabotage at Tesla
  • 8 hours Sell out now or hold on?
  • 13 hours China & India in talks to form anti-OPEC
  • 3 hours Australia mulls LNG import
  • 11 hours The Irrelevance Of BTU Rating - Big Oil's Gimmick To Hoodwink The Public
  • 11 hours After Three Decade Macedonia End Dispute With Greece, new name: the Republic of Northern Macedonia
  • 3 hours Oil and Trade War
  • 10 hours Trump Hits China With Tariffs On $50 Billion Of Goods
The Last Oil Frontier In The Gulf Of Mexico

The Last Oil Frontier In The Gulf Of Mexico

The potential of the U.S.…

Who Gets Hold Of Russia’s Key Oil Hub?

Who Gets Hold Of Russia’s Key Oil Hub?

25 percent of the Novorossiysk…

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