JP Morgan’s majority-owned multinational independent power producer (IPP) Sonnedix has brought online a 38.7MW PV plant in southern Japan, while an analyst has said the country’s solar industry continues to target cost reductions to bring it in line with global levelised cost of energy (LCOE) figures.
In this second part, we will talk about some of the companies preparing for business in the solar market in post-feed in tariff (FiT) Japan and the close links with energy storage that this market is strongly expected to rely on.
Major solar inverter supplier Sungrow has signed a 100MW deal with Japanese company YUASA, aimed at addressing solar and energy storage needs in the changing landscape of Japan’s renewable energy market.
It has always been anticipated that by the early 2020s, the feed-in tariff would have tapered away in Japan’s booming solar market. Andy Colthorpe speaks with analyst Izumi Kaizuka at RTS Corporation to learn more about what the future holds for post-subsidy solar in Japan.
Ahead of next month’s PV Expo in Japan, PV Tech’s Carrie Xiao takes a look at some of the key drivers for a market expecting as much as 8GW of additional solar capacity this year as well as a surge in domestic energy storage.