According to PVMA, global installed solar PV capacity reached "at least" 51 GW in 2015, under the 57 GW calculated by Bloomberg New Energy Finance (BNEF). Of this total, Japan is said to have installed around 10 GW, of which 7.4 GW were installed by the end of September under the countrys FIT program.
Based on information from Japans Ministry of Economy, Trade and Industry (METI), and reported by Bloomberg, the country has approved a whopping 85.55 GW of renewable energy projects under its incentive program, introduced in 2012. Of that, 23.65 GW are said to have come online by the end of September.
Solar is leading the renewable charge in the country, with the Ministry approving 79.76 GW of solar projects, around 29% of which are already said to be operational. Cumulative solar PV capacity in 2014 stood at 23.3 GW, according to BNEF. It calculated in December that a further 12.6 GW are expected to be added in 2015, before installations decrease in 2016 and 2017.
According to Bloomberg, METI hosted a task force meeting yesterday to discuss the tariffs for clean energy producers beginning on April 1. In December, it was announced that Japan would end tax breaks for commercial solar installations at the end of this coming March.
The end of the tax break will come into effect one day before Japan officially liberalizes its electricity market. Currently, it is dominated by 10 regional utilities. This will change on April 1, 2016, however, when the country opens its retail electricity market, valued at US$67 billion, according to Bloomberg.
Meanwhile, earlier in December, the ministry concluded talks regarding the future of the nations solar sector, with the likelihood now growing that auctions for large-scale solar projects will be introduced by fiscal year 2017.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: email@example.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.