Japan Real Time
When Japan’s government decided last month that big power utilities would have to buy electricity from renewable sources at around double current retail rates, many unlikely companies jumped on the renewable energy bandwagon in the hopes of a quick profit. The major Osaka-based wool maker Japan Wool Textile Co., for instance, said it would shut its 15-hectare loss-making golf course by the end of September to build a 10-MW solar farm on the land. (...) Other companies have similar ideas.
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