The Japanese government is taking on a bold initiative to decrease the country’s reliance on nuclear energy by raising the cost of incentives utility companies must pay to consumers to encourage their use of solar power.
The incentives start July 1 to drive sales for equipment makers from Yingli Green Energy Holdings Co. to Kyocera Corp. Japanese companies Kyocera and Sharp Corp. are busily preparing to supply their home market. Yingli, based in Baoding, China, has already established a unit in Japan. Lots of other companies are also preparing to take advantage of subsidies offered by Japan. Continue Reading →