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Five years ago, Japan introduced a feed-in tariff system in a bid to promote the introduction of renewable energy on a large scale following the collapse of public trust in nuclear power due to the Tohoku earthquake and tsunami on March 11, 2011, and subsequent triple meltdowns at the Fukushima No. 1 nuclear power plant.

Under the scheme, utilities were obliged to purchase solar, wind, mini-hydro, geothermal and biomass-generated electricity at a fixed rate for a fixed number of years.

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