Electricity

Feed-In Tariff Sets Up Japanese Solar For Growth

Like many other countries upping their renewable energy game, Japan is pulling out all the stops to encourage new growth from solar and wind power. After the Fukushima nuclear disaster, Japan has to find other alternative energy solutions to nuclear, and is proposing a new feed-in tariff (FIT) scheme to encourage solar and wind investment. The new policy will go into action in July and could have very positive implications solar development, according to Bloomberg New Energy Finance.

The Japanese government has proposed rates that will make renewable investment in Japan a very attractive opportunity. According to Bloomberg, the proposed FIT rates could bring equity returns as high as 44 percent for solar projects and 51 percent for wind projects. Rates that good will likely bring in a lot of project proposals, but the actual development will depend on Japan’s planning regime, which Bloomberg notes could be conservative.

via Feed-In Tariff Sets Up Japanese Solar For Growth | The Energy Collective.

Categories: Electricity, Energy, Policy