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.
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.
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
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.