Update: PV the winner as Japan's FIT panel sets its rates

The body tasked with recommending rates for Japan’s new feed-in tariff (FIT) has formally submitted its suggestions, cheering the global PV industry which is desperately seeking to crack open new markets, but underwhelming the wind sector.

The five-member panel stuck to the rates put forward by its head, Kazuhiro Ueta, earlier this week, and industry sources say the government is likely to adopt the recommendations as they stand.

The panel says the new FIT should pay out ¥42 ($0.52) per kWh for PV systems smaller than 10kW, and ¥40/kWh for those larger than 10kW.

Wind farms larger than 20kW would receive ¥23.10/kWh, while geothermal projects larger than 15MW would get ¥27.30/kWh.

While the panel abided by the suggestions made by the Japanese PV sector, the wind industry was Log in to read complete article.

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