Japan’s government has rubber-stamped an expected cut to the country’s solar feed-in tariff.
The cut, suggested by an advisory panel last month, came into effect on 1 April and will see Japan’s FiT cut by 10%.
This means the previous rate of ¥42 (US$0.45) will fall to ¥37.8.
Industry players in Japan have told PV-Tech that the cut would not harm Japan’s booming solar industry as even the lower rate represents a substantially higher FiT than that offered in other key markets such as Germany and China.
Recent figures revealed that Japan's PV installation rates increased by nearly 150% in the last quarter of 2012.