For the first time the Japanese government is offering financial support for wind power development in Japan. The Ministry of Trade and Industry (MITI) has set aside JPY 3.32 million to support development of new energy sources for this fiscal year, which started in April. It is not yet clear how much of the money will be allocated to wind power development. Industry sources estimate that about JPY 800 million might be made available, but the actual amount will depending on the demand for subsidies from would-be project developers. The finer details of the conditions to qualify for financial help have yet to be decided. But public corporations or local governments can apply for subsidies up of up to 50% of the cost of a wind turbine. Private companies can apply for subsidies of up to 33%.
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Senior Renewable Energy Analyst (WindGEMINI Product Lead) DNV GL Bristol (City Centre), City of Bristol