A Teikoku Databank report says as many as 95 solar companies went bankrupt last year – seven more than in 2017. The company warns the negative trend that began in 2016 may escalate as FIT reductions for large-scale solar come into effect.
The warning was made by the nation’s Consumer Affairs Agency, which claims 172 fire accidents occurred in Japan from 2008 to 2017. The Japan Photovoltaic Energy Association said it will provide homeowners with the relevant information and stressed fire risk should not be used as an argument against the energy transition.
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