Simon Bridges, Energy and Resources Minister, says a new Memorandum of Understanding (MOU) signed yesterday will strengthen the strategic partnership in renewable energy research and development between New Zealand and Japan.
During his visit to Tokyo this week, Bridges witnessed the signing of the MOU, between New Zealandâ€™s GNS Science and the Japan Oil, Gas and Metals National Corporation (JOGMEC).
The MOU establishes the basis for cooperation in geothermal energy.
â€œGlobally, geothermal energy is experiencing a renaissance, and Iâ€™m pleased that our two countries can share their pioneering experience â€“ characterized by innovative, sustainable and respectful management of geothermal resources.â€
The agreement includes technical cooperation in the evaluation and mitigation of environmental impacts of geothermal energy development, development of survey methodologies over large spatial areas and methods for sustainable management of geothermal reservoirs.
â€œAt nearly 80%, New Zealandâ€™s share of renewable electricity generation in 2014 was the fourth highest in the world. Geothermal generation has more than doubled over the past decade and is a true New Zealand success story,â€ Bridges says.
â€œOur renewable advantage in New Zealand, including the continuing growth of world â€“class geothermal energy, presents real opportunities to leverage our expertise and experience overseas for economic advantage.â€
Bridges also witnessed the signing of an MOU between GNS Science and the Japan Agency for Marine-Earth Science and Technology (JAMSTEC), which will enable closer collaboration in the field of marine science and technology.
Originally from Scoop Independent News