SolarIndustryMag.com: New FIT In Japan Could Jump-Start Solar Sector

by SI Staff on Monday 18 June 2012

Japanese Industry Minister Yukio Edano has approved a feed-in tariff (FIT) for solar energy and other forms of renewable energy. The FIT will go into effect July 1 and last up to 20 years, Reuters reports.

The rate for solar power systems will be 42 yen (approximately $0.53)/kWh. With the help of the FIT, Japan's solar capacity is expected to rise from less than 5 GW to approximately 19 GW by 2016, according to figures from CLSA cited by Reuters.

Currently, nearly 90% of Japan's electricity is derived from oil, coal and gas, following the shutoff of the company's 50 nuclear reactors after last year's disaster at the Fukushima nuclear plant.

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	tomf	Reply
	27 Jun : 07:43
	New FIT In Japan Could Jump-Start Solar Sector At some point the US will get on board with the FIT model. Cut all the red tape and offer premium price with long term contract for delivered power. KISS if you want to cut costs.