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Solar trending in Japan

Japan has been predicted to become the world’s second largest in solar power with greater incentives beginning July 1. The Industry Minister has set a premium price for solar electricity that may encourage up to 3.2 gigawatts in capacity of solar installation, totalling $9.6 billion. The rate paid for solar power is set at 42 yen (53 cents) a kilowatt-hour for 20
years to solar power producers. This is twice the rate of Germany, who is currently the world’s largest in solar power installation.

Have a read: http://www.bloomberg.com/news/2012-06-17/solar-boom-heads-to-japan-creating-9-6-billion-market-energy.html

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