Japan’s PV sector remains the third largest in the world in terms of installed capacity, at some 78.5GW, making it one of the leading global PV marketplaces in the last decade. But as the world races to install more solar, it is one of the few markets in recent years that has charted a decline in new installs. An approach involving numerous government agencies is looking to restart the market, and not purely based on feed-in-tariffs (FITs), says Izumi Kaizuka, the director and principal analyst at RTS Corp.
Izumi Kaizuka: "while electricity charges are expected to increase because of surcharges for FIT and fuel prices, on-site PPAs can fix the electricity price and give merit for electricity users."
Image: RTS Corporation
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