Japan set for offshore FIT – official

Work on the floating wind farm off Fukushima

Work on the floating wind farm off Fukushima

Japan is almost certain to introduce a stand-alone feed-in tariff (FIT) for offshore wind from 1 April, an official involved in the process has told Recharge.

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 told Recharge the prospects of an offshore-specific FIT are “100% I Log in to read complete article.

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