FIT spurs 3.5GW of Japan solar
Japan installed 3.66GW of renewable energy capacity in the full year from the July 2012 introduction of a feed-in tariff (FIT) to encourage development.
the year to the end of June 2013, the government granted approval for 22.9GW of renewable energy projects, the Ministry of Economy, Trade
and Industry (METI) said in an online statement.
Solar has accounted for the lion’s share of new installations since the introduction of the FIT.
Japan installed 2.12GW of PV plants and about 1.38GW of residential solar in the 12 months from July 2012, METI said.
In April, the Japanese government lowered the FIT for solar to ¥37.8 ($0.40) per kWh from ¥42 over 20 years, but left its rates unchanged for other renewable resources, including wind.