Japan FiT

Japan has announced the new feed-in tariffs (FIT) for residential and commercial and industrial (C&I) solar installations for 2024 and 2025.

Japan’s 13th solar auctions have been heavily undersubscribed as developers struggle with land availability, support levels and familiarity with power market access, according to Shulman Advisory, a Tokyo-based renewables analyst agency.

Renewables developer and sustainability services provider Enfinity Global has secured ¥29 billion (US$242 million) in long-term financing for three recently completed utility-scale solar plants in Japan totalling 70MW.

Japan is forecast to have 111GW of installed solar by 2025 under a business as usual scenario, with this rising to 154GW by 2030. If it were to aim higher, however, under an ‘accelerated scenario’, it could hit 115GW of installed PV by 2025 and top 180GW by 2030, according to a new analysis by RTS Corporation.

Andy Colthorpe takes a look at what’s happening and what’s expected to happen in the Japanese large-scale PV market, with data and analysis courtesy of RTS Corporation and interviews with Vena Energy Japan, Sonnedix Japan and Baywa Japan.