GREEN TECH MEDIA | Japan's offshore wind market finally looks set to take off over the next few years, potentially acting as a springboard for floating wind around the world.
Japan has the world's most generous incentive for offshore wind, according to the Global Wind Energy Council (GWEC): a feed-in tariff worth ¥36,000 (equivalent to $335 today) per megawatt-hour of power. So far, however, that support has failed to stimulate the market.
Although Japan's first offshore wind pilot projects date back to 2003, the country had just 66 megawatts of capacity in the water at the end of 2019.
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