The Japanese Ministry of Economy, Trade and Industry, has announced it will omit net-metering purchase prices from the new feed-in tariffs due to be implemented in July. Instead, the government has decided that in order to avoid confusion, current rates will be extended for three months until June and kept separate from the feed-in tariff.
Jefferies has lauded the government’s proposals and is predicting a solar success in Japan. The new tariffs include residential facilities of less than 10kW at ¥42/kWh, although hybrid systems will only receive ¥34/kWh. Non-residential facilities and residential facilities of 10kW or more will be due for ¥40/kWh and hybrid systems at ¥32/kWh. Rates for facilities installed before 2010 will be set at ¥24/kWh and for hybrid systems ¥20/kWh.
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The ministry is expected to officially announce the FIT rates by the end of May.
