Japan set for 92MW of new wind

A wind farm in Japan

Japan is likely to end up having installed 92MW-worth of new wind-power capacity in the financial year ending 31 March, the Japan Wind Power Association (JWPA) said this week.

That represents an 8.2% increase on the 85MW of wind added in the preceding 12 months.  It has a total of about 2.5GW installed.

Japan introduced a new feed-in tariff for wind projects on 1 July 2012 of 23.1 yen ($0.26) per kWh for 20 years, up from the roughly 15 yen being paid on contracts previously.

JWPA estimates that this offers an IRR of 7.7% before tax.

However, a limited amount of space for new onshore installations, issues related to grid access, time-consuming environmental impact assessments and lengthy project construction times have weighed…

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