Japan
introduced
new
FITs
for
renewable
energy
projects
on
1
July
last
year,
triggering
a
surge
in
investment,
particularly
in
PV
power
plants.
But
a
five-member
panel
under
the
Ministry
of
Economy,
Trade
and
Industry
(METI)
is
expected
to
propose
a
reduction
to
the
tariff
based
on
falling
system
prices.
The
current
FIT
for
solar
–
42
yen
($0.52)
per
kWh
for
20
years
–
was
based
on
average
system
prices
of
325,000
yen
per
kW
for
projects
above
10kW
in
size,
says
Shuta
Mano,
senior
policy
researcher
at
the
Japan…
