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German Firms Called To Invest In Renewable Energy Projects In Fukushima

8/30/2012 2:32 AM ET

The Governor of Japan's Fukushima prefecture has called upon German firms specializing in renewable energy to invest in his tsunami-devastated prefecture.

Yuhei Sato made the call at a Fukushima-sponsored event in the German city of Dusseldorf to promote investment in renewable energy in the prefecture. About 100 officials from German and Japanese companies attended.

Sato introduced the prefecture's plan to build a research facility for wind and solar power in the context of Japan discouraging nuclear power plants.

A large scale solar power generation project being built by German and Japanese firms in Fukushima's Kawauchi village drew a lot of attention at the event, Japanese media reported on Thursday.

The reports quoted a German businessman as saying that his company is positive about investing in Japan where he sees growth potential with the introduction of a system requiring power utilities to buy renewable energy at fixed rates.

Sato also inspected a decommissioned nuclear power plant in western Germany where he was briefed on the decommission process and various associated problems.

Sato said the visit was useful in proceeding with the dismantling of the reactors at the Fukushima Daiichi nuclear plant, which was severely damaged in the quake-triggered tsunami of March 2011.

by RTT Staff Writer

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