Increased renewable capacity in post-Fukushima disaster will see Japanese thermal power generation decline to 40 per cent below 2015 levels by 2030, the Institute for Energy Economics and Financial Analysis (IEEFA) said on Tuesday.
The IEEFA report — Japan: Greater Energy Security Through Renewables Electricity Transformation in a Post-Nuclear Economy — emphasises the potential for improving national energy security through renewables, most especially offshore wind and solar.
It also forecasts that many of the 45 coal-fired power stations currently in the pipeline will not get built.
“Japan is in a position now to adopt prudent policy decisions that can attract vast capital to renewable infrastructure in support of true national energy security in a way that can materially reduce its long-term reliance on imported fossil fuels and nuclear production,” said an official statement quoting Tim Buckley, IEEFA’s Director of Energy Finance Studies, Australasia. Read More…