Japan could have problems with the grid capacity
The southern Japanese may have less than 1 GW of grid capacity left for upcoming solar and wind projects. This statement results from the new analysis from Bloomberg New Energy Finance (BNEF).
“Grid congestion” appears to be an important layoff in going on with the renewable energy market, in Japan’s blooming solar industry. Still, in the north of the country, on the island of Hokkaido, there is a well know shortage of grid capacity, and now the new BNEF report says that related issues may appear in the south of the country also.
Although a 22.4 GW of new green energy capacity have been accepted as part of the FIT program that emerged in last year’s July, BNEF analysis reports that the Chugoku Electric Power Co. and Kyushu Electric Power Co. posses a little under of 1 GW of accessible grid capacity in the south of the country.
BNEF also shows that the report reveals an estimated grid capacity of 34 GW as being usable for upcoming wind projects all over the country.
The rehabilitation of Japan’s energy market are on going at this moment and Bloomberg is announcing that a bill is said to be introduced into Japan’s parliament in the fall. BNEF believes that a free trade could bring grid development.
Japan’s utility market continues to be partially closed having regional monopolies as a feature. These monopolies have been under pressure since the Fukushima Daiichi nuclear power plant disaster in 2011.
Telecommunications entrepreneur Masayoshi Son, the billionaire Chairman and CEO of Softbank Corp., has been involved in marching for increased electricity market reregulation. Softbank is already known as being active in expanding photovoltaic projects in the country.
Roxana MORARU