According to media reports in Japan, Prime Minister Shinzo Abe's government has put aside JPY 131 billion – of the JPY 96.3 trillion 2015 budget – for renewable technologies. Offshore wind technology will recieve 6% of this budget.
The money will be used to develop technologies related to offshore wind. Solar and geothermal technologies also get a slice of the money.
In April 2014, the government introduced fixed offshore wind power tariffs at JPY 36/kWh ($0.35/kWh).
The push for renewables in Japan follows the devastating tsunami in 2011, which damaged nuclear reactors at Fukushima causing a radiation leak and a rething to national energy policy.
A Marubeni-led consortium is planning to install a Mitsubishi Heavy Industries 7MW SeaAngel turbine on a floating foundation off the coast of Fukushima in February.