Japan has published the feed-in-tariffs (FITs) to apply to solar installations with a capacity ranging from 10 to 250 kW.
The Ministry of Economy, Trade and Industry proposed the tariffs for the different capacity ranges. It also included the feed-in premiums it wants to assign to solar projects over 250 kW.
It is applicable for the solar projects that are selected through the auction in 2022.
According to the ministry, it has "set a fixed FIT of ¥11 ($0.096)/kWh for PV systems with power capacities of between 10 and 50 kW and a FIT of ¥10 ($0.087)/kWh for installations with capacities of 50 to 250 kW," a report mentioned.
It has been further mentioned that both these project categories will be allowed for fixed tariffs sans procurement scheme.
As per the authorities, both the FITs and feed-in premiums will be valid for 20 years.
The market analysts are of view that Japan should have deployed between 4 and 5 GW of new PV capacity in 2021. It has been said that there are still many unutilized projects from past FITs.
The Ministry of Economy, Trade and Industry has allotted 675 MW of PV capacity across three different auctions in 2021 in total.