For businesses looking ahead to reduce costs, solar power would definitely seem to be the way to go. Households could possibly benefit as well. A new estimate by the industry ministry on future costs of power generation found that solar power will eclipse nuclear energy in terms of costs as of 2030. The finding, released July 12, is expected to have significant implications for the nation’s energy policy. This is the first time for the Ministry of Economy, Trade and Industry to acknowledge that the cost to generate solar power will be lower than that for nuclear power. The estimates were presented at a meeting of a working group of the Advisory Committee for Natural Resources and Energy the same day. Estimated costs for nuclear power came to close to the 12 yen level or more per kilowatt-hour as of 2030, about 1 yen higher than the previous estimate in 2015. Costs for solar power ranged from the lower 8 yen level to close to 12 yen for businesses. The rate for homes was estimated at between the last half of the 9 yen level to the first half of the 14 yen level.
Asahi Shimbun 13th July 2021 read more »