Japanese Towns Bank on Renewable Energy
By MAYUMI NEGISHI for the WallStreet Journal: Japanese cities are entering the renewable-energy business, the latest phase in a shake-up of the nation’s power sector in the aftermath of the 2011 Fukushima nuclear crisis.
So far, about 14 cities have formed companies to generate clean energy from local resources and sell it to area businesses and homes. With full deregulation of the nation’s electricity markets set to begin next year, the government aims to have 1,000 such city-operated companies up and running by 2021 in a direct challenge to regional power monopolies.
The move is part of Japan’s strategy for creating energy self-sufficiency, while helping revitalize communities with infrastructure investment. Cont'd...
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