Japan panel starts FIT review talks
Japan’s Ministry of Economy, Trade and Industry (METI) will hold the first of a series of meetings tomorrow to discuss potential annual revisions to the country’s feed-in tariff (FIT) system for renewables.
Kenji Yamaji, director and chief researcher at the Research Institute of Innovative Technology for the Earth, will lead the discussions. The Japan Photovoltaic Energy Association (JPEA) and the Japan Wind Power Association (JWPA) will participate as observers.
The authorities are expected to slightly reduce the solar FIT from the start of the next fiscal year on 1 April. The government also appears set to introduce a separate FIT rate for offshore wind projects, to encourage development of the fledgling sector.
For the current fiscal year, the government reduced the solar FIT to ¥37.8 ($0.40) per kWh from ¥42 over 20 years. It left the onshore and offshore wind FIT steady at ¥23.1 yen per kWh ($0.232) over 20 years.