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Renewables Update

JAPAN’S SOLAR FIT: LIFE AND DEATH WITH SUNRISE AND SUNSET in Japanese

4 June 2015 Nana Hori and Michael Rogol, CEO, PHOTON Consulting

Japan’s solar power feed-in tariff (FIT) has been wildly successful at driving adoption of solar power. The introduction of the FIT drove spending on new solar power systems from 0.6 trillion yen ($7bn) for 1GW of new installations in calendar year 2011 to 2.6 trillion yen ($25bn) for 8GW in 2014.

Beyond this wave of installations that have taken place since the FIT policy was instituted, there is also a massive volume of solar power systems that have been approved but not yet installed. As of 1/1/2015, there are 76GW of approved solar power systems in Japan of which only 21GW is already installed.

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