Japan's Ministry of Economy, Trade and Industry (METI) plans to triple the commercial and industrial rooftop PV grid-connected tariff (FIT) and shorten the power purchase cycle by one-quarter, according to the authoritative Japanese media outlet Nihon Keizai Shimbun.

Under the current fixed-price power purchase system (FIT), companies that install PV modules of a certain size or larger on the roofs of their factories or buildings can receive a subsidy of ¥12 per kWh for 20 years (if it starts in FY2024). Household users will receive a subsidy of 16 yen per kWh for 10 years. A different subsidy amount applies to power generation equipment installed by companies on flat land. The system reform is only for commercial and industrial rooftop PV.

Currently, the payback period for industrial and commercial PV investments in Japan is generally around 15 years, and if the power purchase price is increased by a factor of 3, the payback period will be shortened to around 5 years. It will help to recover the investment in PV modules and other equipment in a shorter period of time, thus promoting the development of renewable energy.

Japan's Ministry of Economy, Trade and Industry (METI) will discuss it through an expert committee and finalise a detailed plan within FY2024.

Source : https://mp.weixin.qq.com/s/yKsCcoWMvTDMrHcV-6rQ8g