Fog of uncertainty lifts
Japan: Late last month a key piece of solar legislation passed the upper house of Japans Parliament, opening the potential for a disruptive period of uncertainty for project developers. Izumi Kaizuka, the Managing Director of RTS Corporation, provides her insight into the development and offers an overview of Japanese market trends.
What is the legislation that was recently signed into law? Izumi Kaizuka: The upper house of the Japanese Diet [has passed] the revision of the Renewable Energy Law [underpinning the FIT]. That revision included how tariffs will be set. Now that the law has passed, the Ministry for Economy, Trade and Industry (METI) can start …
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