METI seeks Japan RE budget boost

Japan’s Ministry of Economy, Trade and Industry (METI) has filed a request for ¥198.1bn ($2bn) to support the development of renewable energy next year, up 61.6% from 2013’s budget.

The ministry asked for ¥3.19bn to fund offshore wind R&D. It also filed for ¥31bn to fund research on floating offshore wind technologies, up from ¥9.5bn this year.

In July, a consortium led by METI, Marubeni and the University of Tokyo deployed a 2MW Hitachi floating turbine 20km off the coast of Fukushima prefecture to test floating wind systems over a five-year period.

METI has asked for ¥46.2bn to upgrade the national grid so it can accommodate more renewables, as well as ¥25bn to finance the expansion of the grid on the Log in to read complete article.

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