The search for alternative power sources for the needs of population and industry is very urgent in Japan after closure of all nuclear reactors.
On November 1, 2013 the Prefecture of Kagosima launched 70 MWt solar power station.
The station is managed by a company created by Kyocera and six other companies. The station will sell the generated power to the local enterprises at the Japanese program of privilege tariffs. The program, which is named “green fee,” was created by the Japanese government in July 2012 as an economic and political mechanism for attraction of investments into the renewable power sources technologies.
In addition to economic benefit of the station, the alternative power is also very important for preservation of ecology of the planet.—0—
Economics
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Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
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Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
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Azerbaijan has attracted significant interest from companies in both developing and developed countries, as well as from state and private sector representatives of at least 10 nations, regarding participation as shareholders in the Climate Finance Action Fund (CFAF), which has a total budget of $1 billion. The CFAF is one of Azerbaijan’s 14 key initiatives unveiled at COP29, Yalchin Rafiev, Azerbaijan's chief negotiator at COP29 and Deputy Foreign Minister, said at a press conference on Tuesday.
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The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
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