by RTS Corporation
As a result of revised and lower feed-in tariff rates, the Japanese solar market experienced a downward trend in 2017. However, the market seems to point to a completely new trajectory now.
Thus far, 2018 has been an eventful year for solar. In July, the Japanese Cabinet approved the Fifth Strategic Energy Plan (basic energy plan). In a bid to increase solar penetration, the Fifth Strategic Energy Plan entails different entities such as ministries and agencies collaborating together to drive success in the Japanese solar market. Historically, the national government (METI) sets installation targets incorporated in the Strategy Energy Plan. Additionally, this plan sets a new direction for Japan’s energy policy towards 2030 and 2050, specifying efforts to make RE mainstream. In order for Japan to lead the energy transition and decarbonization of the world, solar PV power generation has to combat a numbers of key issues. Earlier in the year the Ministry of the Environment (MoE) drafted the “Program to promote acceleration and maximization of renewable energy ~aiming for promotion of renewable energy, energy saving and energy storage with the initiative of local communities~”. The program addresses 7 core pillars promoting the combination of renewable energy, energy saving and energy storage. The aforementioned points are merely a few examples of the policy changes, which Japan has experienced in 2018. It is of great importance to continuously stay up-to-date on the latest solar PV activities in order to be able to better navigate the Japanese market. Here are a few reasons why the report published by RTS Corporation is an invaluable tool for the developers and investors active in Japan:
This insight examines the effect of the latest policy transitions on the Japanese solar PV market and provides a commentary on the nature of these policy incentives.
Presented in the report are the current FiT prices, tender scheme for projects with a capacity of 2 MW and higher, changes under the major 2017 FiT Act, deadlines for COD, conditions for retrofitting existing power plants and tender schemes for grid connection.
The report also dissects market segmentation and pipeline of approved projects. The current status of the market including an overview of the main players in Japan, biggest projects, price of PV systems, installed capacity of PV systems and much more, are included in this report.
Lastly, this 200+ page report assesses the country’s future prospects to provide the reader with a clear understanding of the potential of the market.