PV dominates Japan FIT year-one

Solar accounted for more than 90% of the roughly 4GW of renewables capacity that Japan installed in the first full year from the July 2012 launch of a feed-in tariff (FIT), according to new government figures.

The nation installed about 2.4GW of commercial solar capacity, including utility-scale projects from the FIT’s introduction to 31 July of this year, according to data from the Agency for Natural Resources and Energy (ANRE).

The country installed about 1.52GW of residential PV over the same period.

Japan only added about 66MW of wind capacity during the 12-month period.

Last April, the Japanese government reduced the FIT for solar to ¥37.8 ($0.40) per kWh from ¥42 over 20 years, but left its rates unchanged for other renewable resources, including wind.

The 4.08GW of newly installed renewable capacity for the July 2012 to July Log in to read complete article.

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