Japan: Renewable Energy Boom to Start

Oilprice: Japan’s Parliament readies approval of an energy bill that will spark ‘explosive growth’ in renewable solar and wind. Solar and wind companies, set your sails for Japan! The country is about to pass a landmark bill into law that will see “explosive growth” in both solar and wind energy investment according to Prime Minister Naoto Kan. The bill is designed to reduce Japan’s dependence on nuclear power, which accounts for roughly 30% of the country’s energy generation. Japanese lawmakers are readying to sign the bill into law by the end of August.

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