$1.5 Billion for New Wind Power in Japan

Several Japanese companies, such as JFE Steel, Hitachi, Toshiba, Sumitomo Electric Industries, and Toa Corporation, are investing in offshore wind energy to the tune of $1.5 billion dollars. They are funding the development of a 300-MW offshore wind farm, which may be located in the Kyushu region of southwestern Japan.

The Japanese government wants to rapidly expand production of renewable energy, with one source pegging a mid-term goal of 19,000 additional megawatts by 2030.

Anyone could conclude it was the disaster at Fukushima which has spurred this new focus on renewable energy development and the desire to phase out nuclear power plants. In July, about 100,000 people gathered in Tokyo to protest Japan’s reliance on nuclear power.

Image Credit: BehBeh, Wiki Commons

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