Japan May Spend 50 Billion Yen for Energy Storage, Yomiuri Says

(Bloomberg) — The Japanese government is considering the
allocation of 50 billion yen ($415 million) to subsidize
installations of storage systems for solar power, the Yomiuri
newspaper reported.

The government plans to help utilities and solar power
producers install systems as part of a supplementary budget for
the fiscal year ending March 31, the paper reported yesterday,
without saying where it got the information.

The government will release a set of economic stimulus
measures on Dec. 27, including plans to promote clean energy,
Yomiuri said.

To contact the reporter on this story:
Chisaki Watanabe in Tokyo at
cwatanabe5@bloomberg.net

To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Keith Gosman

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