Japan’s generous solar FIT 'will open door to foreign firms'

Japan’s generous new PV feed-in tariff (FIT) — to be formally adopted by the government as early as next week — is likely to prove more durable and open to foreign companies than many pessimists assume, according to experts.

Tokyo is expected to embrace the proposals put forward by a steering committee in April, offering PV system owners ¥42 ($0.53) per kWh from July — and slightly less for other renewables ­technologies.

Japan’s new solar FIT will be among the highest in the world, uncapped, and good for 20 years at systems larger than 10kW.

At a time when many core ­ European demand centres are stagnant or shrinking, the prospect of a booming Japanese market has led to a frenzy of excitement among global PV manufacturers and developers.

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