• By .(JavaScript must be enabled to view this email address) - 22 January 2013, 17:10
  • In News, Tariff Watch

Japan considers FIT reduction for PV installations

  • The Japanese Ministry of Economy states that project proposals with a combined capacity of 3,262MW have already been submitted. Image: US Navy Imagery
    The Japanese Ministry of Economy states that project proposals with a combined capacity of 3,262MW have already been submitted. Image: US Navy Imagery

The Japanese Ministry of Economy has announced that Japan installed 1,398MW since April last year.

A committee was convened to consider possible changes to the current feed-in tariff for PV installations. The current rate of ¥42 (US$0.525) per kWh will end with the closing fiscal year.

The government document states that project proposals with a combined capacity of 3,262MW have already been submitted.

Furthermore, the government expects a total of 2GW of newly installed PV capacity for the fiscal year of 2012.

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