An expert advisory panel had already recommended a FIT drop to ¥37.8 ($0.40) per kWh from ¥42 for solar over 20 years.
The country’s trade minister rubber-stamped the cut, while leaving existing FIT rates for other renewables unchanged, said Bloomberg.
Market observers believe the cut will do little to damage the momentum that has built up in the Japanese solar market since the support scheme was introduced in July 2012.
Demand
