Japanese FiT proposals boost Solar Frontier’s potential in Asia

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email

Japan’s new feed-in tariff, implementation is anticipated to be July, is set to generate highly attractive returns, according to clean energy market research provider, Bloomberg Energy Finance. As long as the proposed scheme is able to off-set the expensive price of solar, it could lead to a surge in project proposals.

Solar Frontier, who has rapidly become the first serious competitor to First Solar in the thin-film PV sector, will be taking advantage of this new chapter for Japanese energy generation. Last month Showa Shell had highlighted that increased demand is expected for Japan; as a result Solar Frontier had said it would be increasing its sales network in the country. It has now signed a memorandum of understanding with Japan Asia Group.

Solar Frontier plans to provide products and services including consultation on project planning, CIS solar modules supply, and sourcing of balance-of-systems equipment for JAG on projects it is handling that total over 100MW, which is enough to power 30,000 Japanese households.

Bloomberg New Energy Finance has estimated that under Japan’s proposed tariffs, solar and wind projects could achieve equity returns as high as 44% and 51%, respectively, with total investments reaching up to US$37.5bn over the next three years. The market research firm predicts over 10GW of new solar projects installed by 2014, requiring investments of $12.5bn/yr over the next three years. Bloomberg New Energy Finance states Japan could become the third largest solar market in the world by 2014.

Yugo Nakamura, head of Japan research at Bloomberg New Energy Finance, said: “The government faces the challenge of picking the best rate for stimulating renewable energy investment while not over-paying for clean power. With the very high rates which have been proposed there is a very real risk that Japan will experience the same boom-bust cycles we’ve seen in other countries.”

Milo Sjardin, head of Asia at Bloomberg New Energy Finance commented: “The feed-in-tariff scheme has the potential to significantly alter Japan’s energy future. The country may build enough distributed solar capacity over the next three years to equal the electricity output from almost three nuclear power stations, and do so in a fraction of the development time. To enable further renewable deployment beyond that, the country will likely have to liberalise its power sector.”

9 December 2021
The Smart Energy Council is hosting Australia’s second Virtual Smart Energy Conference and Exhibition on Thursday, 9 December 2021. This event will show that the industry powers on despite COVID-19 and we are standing together undeterred in spirit. Bringing our global community together using the latest technology.
13 January 2022
Intersolar North America and Energy Storage North America “Come Together” for the first time in Long Beach, CA—connecting installers, developers, utilities, technology providers, policy makers, and key stakeholders from around the world to advance the clean energy future. With best-in-class conference programming, integrated exhibits and pavilions, and the live Solar Games installer competition, #isnaesna21 will showcase the industry trends, innovative solutions, and emerging talent transforming the solar, energy storage, and e-mobility markets. Register today to redeem our exclusive offer for PV Tech readers—free expo hall or 20% off full conference pass.
1 February 2022
As Solar Finance & Investment enters its ninth year, we sit on the cusp of a new power market with solar at its heart. The 2022 edition of the event will build on our years of expertise and relationships to bring investors and lenders together with top developers. Connect with leaders in the field and use exclusive insights to drive investment and development decisions for the future. Meet new and existing project partners at the largest gathering of European solar investors and lenders.
23 February 2022
Held annually since 2016, the Energy Storage Summit Europe is the place to be for senior stakeholders in the European storage industry. Designed to accelerate deployment of storage, we examine evolving chemistries, business models, project design, revenue stacks and use cases for storage. The 2022 edition will include exclusive content around longer duration solutions, energy strategies for wide-scale deployment of EVs and "EnTech", the event which sits at the intersection of digitisation, decentralisation and decarbonation of the power system. Come to meet TSOs, DSOs, Utilities, Developers, Investors and Lenders and leave with new contacts, partners and a wealth of information.
7 March 2022
Take your chance to join the most powerful platform in the MENA region. Middle East Energy (MEE), Intersolar, and ees, the leading energy exhibitions are joining hands to co-deliver an outstanding renewables and energy storage event at Middle East Energy 2021. Renewables and energy storage at MEE is the largest gathering of solar and renewable energy industry professionals in the Middle East & Africa, offering the most effective trade focused platform to international manufacturers and distributors looking to meet regional buyers.
23 March 2022
When it comes to storage, the US market exceeded a gigawatt of advanced energy storage installations (weighted towards lithium ion) at 1.46 GW, more than the previous six years in total! An exponential growth rate could see the market hit 7.5 GW p.a. by 2025. The summit will provide a wealth of content around this vital piece in the US power puzzle, with sessions dedicated to explore how companies are making money from batteries, the latest chemistries and their applications as they apply to different use-cases. We ask how investors can match ESG criteria to batteries and we will bring case studies of successful deployment and project execution onto the stage to examine how you can ensure your own projects are successful.

Read Next

December 3, 2021
Norwegian module marketplace company Otovo has launched in Germany, with the company expecting 1,000 new customers over the next year
December 3, 2021
Solar investor and asset manager NextEnergy Capital Group (NEC) has secured backing from the UK Infrastructure Bank for a new fund that aims to raise £500 million (US$663 million) to invest in subsidy-free solar power plants in the UK.
December 3, 2021
Indian independent power producer (IPP) ReNew Power has signed an agreement with Indian engineering giant Larsen & Toubro (L&T) to develop green hydrogen facilities, becoming the latest PV developer to do so after a string of recent announcements
December 3, 2021
Koch Engineered Solutions (KES) LLC has acquired US engineering, procurement and construction (EPC) firm DEPCOM, which specialises in utility-scale solar PV projects, for an undisclosed amount
December 3, 2021
Heterojunction cell and module manufacturer Meyer Burger has reduced module output at one of its production plants in Germany as COVID-19 is causing above-average workforce absences due to illness and quarantine orders.
December 3, 2021
Tianjin Zhonghuan Semiconductor (TZS) has become the latest solar wafer manufacturer to cut prices, while also launching a new 218.2mm-size wafer.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
February 1, 2022
London, UK
Solar Media Events
February 23, 2022
London, UK
Solar Media Events
March 23, 2022
Austin, Texas, USA
Solar Media Events
March 29, 2022
Lisbon, Portugal