Connect with us

Renewable Energy Times

Japan plans to slash solar FiTs by 2022-2027 – report

Solar

Japan plans to slash solar FiTs by 2022-2027 – report


September 17 (Solar) – The Japanese government plans to reduce solar power feed-in tariffs (FiTs) by more than 50% by around the middle of next decade, news agency JIJI has reported, citing informed sources.

The tariffs for solar electricity produced by companies are to go down from JPY 18 (USD 0.16/EUR 0.14) per kWh in the current fiscal year to JPY 8.5 by about fiscal year 2022 to 2024. Households that generate solar electricity will face a fall from JPY 26 now to JPY 11 around fiscal 2025 to 2027.

The step is designed to ease the burden on electricity bills. In fiscal 2018, the costs of utilities' obligatory purchases of solar power are expected to increase 13% year-over-year to JPY 3.1 trillion, of which JPY 2.4 trillion are to be shouldered by their customers.

(JPY 100 = USD 0.892/EUR 0.765)


Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

More in Solar

Categories

September 2018
M T W T F S S
« Aug   Oct »
 12
3456789
10111213141516
17181920212223
24252627282930

Follow

Subscribe to notifications
To Top
%d bloggers like this: