By Chisaki Watanabe - Apr 25, 2012 10:29 AM GMT+0530
Japan will require power utilities to pay above market rates for electricity generated from renewable energy sources such as solar and wind, based on recommendations announced today by a government panel.
The preferential rate, known as a feed-in tariff, for solar power was recommended at 42 yen (52 U.S. cents) a kilowatt-hour for 20 years, compared with the current rate of 13.65 yen a kilowatt-hour for industry and commercial users, according to the Ministry of Economy, Trade and Industry.
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