Solar: biggest beneficiary of Japan's new clean energy policy

Tokyo, Japan/ London, United Kingdom/ New York, United States

This is despite much higher costs for solar in Japan than elsewhere in the world. Bloomberg New Energy Finance estimates that under the proposed tariffs, solar and wind projects could achieve equity returns as high as 44% and 51%, respectively. This will lead to a surge in project proposals, particularly for the solar PV industry.

Government to pick the best rates

One of the policy measures adopted by the government, a renewable feed-in tariff (FiT) programme, starts July 2012 and has the potential to accelerate renewable electricity generation across the country. Yugo Nakamura, head of Japan research at Bloomberg New Energy Finance, said:

Source: IWR Online, 27 Mar 2012