Japan’s feed-in tariffs (FITs) for this 12 months will vary from JPY 9.5 ($0.06)/kWh to JPY 16/kWh, relying on system measurement. The Japanese authorities additionally says it can maintain 4 extra auctions for photo voltaic initiatives above 250 kW this 12 months.

Picture: Roméo A, Unsplash

Japan’s Ministry of Economic system, Commerce and Trade (METI) has printed the FIT charges it needs to use to new residential, business and industrial photo voltaic installations for 2024 and 2025.

For residential PV techniques beneath 10 kW in measurement, the Japanese authorities will award a FIT of JPY 16/kWh this 12 months and JPY 15/kWh in 2025.

For rooftop PV installations ranging in measurement from 10 kW to 50 kW, the FIT can be JPY 10/kWh within the first half of 2023, JPY 12/kWh within the second half of the 12 months, and JPY 11.5/kWh in 2025.

For business and industrial PV techniques between 50 kW and 250 kW in measurement, the FIT can be JPY 9.5/kWh within the first six months of this 12 months, JPY 12/kWh within the second half, and JPY 11.5/kWh subsequent 12 months.

METI can also be providing FITs starting from JPY 8.9/kWh to JPY 10/kWh for residential, business and industrial installations which are deployed on the bottom.

As well as, the Japanese authorities mentioned that it’s going to maintain 4 auctions for photo voltaic initiatives exceeding 250 kW in measurement in 2024. The ceiling costs for the 4 procurement workouts have been set at JPY 9.2/kWh, JPY 9.13/kWh, JPY 9.05/kWh, and JPY 8.98/kWh.

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