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June 04, 2013

In Japan, new policy spurs solar power boom

By By Chico Harlan

TOKYO — Across Japan, technology firms and private investors are racing to install devices that until recently they had little interest in: solar panels. Massive solar parks are popping up by the dozen, and companies are mounting panels atop warehouse and factory rooftops as part of a rapid buildup that one developer likened to an "explosion."

The boom is striking in part because of how simply it was sparked — by a little-noted government policy, implemented nearly a year ago, that suddenly guaranteed generous payments to anybody selling renewable energy, including solar power.

Because of that policy, known as a feed-in tariff, Japan has become one of the world’s fastest-growing users of solar energy, investors and analysts say, a shift that comes as this resource-poor country tries to find clean and homegrown alternatives to nuclear power. This year alone, Japan is forecast to install solar panels with the capacity of five to seven modern nuclear reactors.

Source: http://articles.washingtonpost.com/2013-06-04/world/39723876_1_feed-in-tariff-nuclear-power-solar-power

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