A panel of experts was set up in November under Japan’s Ministry of Economy, Trade and Industry (METI) to assess the merits of a premium FIT to recognise the considerably higher costs of offshore wind and spur development.
Onshore and offshore wind currently enjoy the same FIT rate of ¥23.1 yen per kWh ($0.232/kWh) over 20 years.
The panel includes Takeshi Ishihara, the University of Tokyo professor who spearheaded a recently launched, METI-sponsored floating wind demonstration project in Fukushima prefecture.
Ishihara
