Japan tweaks its subsidy
Japan FIT revisions: The feed-in tariff (FIT) introduced in Japan in July 2012 was pivotal in growing the countrys solar footprint as the country pivoted away from nuclear and towards solar. Now that the Ministry of Economy, Trade and Industry (METI) has begun revising the program, Izumi Kaizuka of RTS Corporation explains how these proposed changes are shaping up.
From July 2012, when Japan’s FIT program was introduced in the wake of the Fukushima nuclear disaster a year prior, right through to May 2015, a total of 1,701,141 PV projects – totaling 82.5 GW of solar PV capacity – have been approved, increasing incrementally with each passing month. By capacity range, as shown in …
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