Global wind power companies gear up for business in Japan – Nikkei Asian Review

TOKYO — With Japan recently saying for the first time that renewable energy will be a “major” source of its electricity supply, big international wind power companies are gearing up to get into the potentially lucrative market.

Such foreign players have mostly stayed away thus far, deterred by high installation costs and red tape. But some are now rethinking the situation, given the emphasis on renewable energy in the government’s new Basic Energy Plan. Surrounded by oceans, Japan is an inviting market for renewable energy companies that can bring considerable technological and financial resources to bear.

via Global wind power companies gear up for business in Japan – Nikkei Asian Review