Law on Establishment of NEDO

After the oil price crises in the 1970s, the Japanese government enacted the Law Concerning Promotion of Development and Introduction of Oil Alternative Energy in 1980 and implemented measures for development and introduction of alternatives to oil, including renewable energy. In October 1980, the New Energy Development Organization (NEDO; from 1988, the New Energy and Industrial Technology Development Organization) was established under the Law. NEDO has actively implemented various RD&D projects for PV, wind and other renewable energy technologies and has played an important role in reducing costs and improving renewable technologies. In 2003, NEDO was reorganized as an Incorporated Administrative Agency.

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