Japan to reinvent Fukushima as a renewable energy hub for $2.7 B
Japan: Plans have been announced to convert abandoned areas in Fukushima to a renewable energy hub, a scheme that will involve the construction of new solar plants, wind farms, and a power transmission grid that will feed Tokyo with electricity.
Japan: Plans have been announced to convert abandoned areas in Fukushima to a renewable energy hub, a scheme that will involve the construction of new solar plants, wind farms, and a power transmission grid that will feed Tokyo with electricity.
The plan calls for 11 solar plants and 10 wind farms to be built on land in the Fukushima prefecture.
The new facilities are expected to be completed by March 2024 at an estimated cost of $2.7 B. A line of credit to partially support the cost of the project will be provided by the state-run Development Bank of Japan and the privately owned Mizuho Bank.
The hub is expected to produce around 600 MW of electricity. That’s a fraction of the nearly 4,700 MW the former nuclear plant was capable of producing, but will still be enough electricity to power 114,000 homes. The project also calls for the construction of a grid connected to TEPCO’s main backbone grid that can be used to transmit electricity to Tokyo.
This new plan is consistent with prefecture’s goal of having renewable energy supply 40 percent of its demand by 2020, two-thirds by 2030, and 100 percent by 2040.
Source: Gizmodo