A Rising Sun for Renewable Energy
Japan is desperately trying to replace its nuclear-power capacity with renewables. It still has a long way to go.
Japan is a laggard on renewable energy, ranking well below the top 10 countries in both annual installations of renewable equipment and total renewable generating capacity. That, however, is set to change under a new energy policy that's been taking shape since last year's meltdowns at Fukushima.
Some major projects are being planned. Among them are a 200-megawatt solar installation that Tokyo-based Softbank announced late last month. Meanwhile, Japanese nuclear-reactor supply and service firms such as Toshiba, Mitsubishi Heavy Industries, and Hitachi have stepped up their renewable energy sales targets and investments.
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