19 Mar '12, 3pm

Japan's Renewables FiT Risks Delay, but Megasolar Plans Still Moving Ahead

At a March 6 meeting of the Ministry of Economy, Trade and Industry (METI), a five-member committee was asked to determine pricing for utilities to buy renewables by late April. Such clarity was hoped to have come much sooner, though, to give companies several months to get renewables projects ready. An April deadline "is already at least two months behind schedule," says the Nikkei . (Here are an overview and more details of METI's FiT proposal, which would be reviewed again in three years.) Clarity on rates is a key issue. A higher price to utilities would simply be passed along as higher rates to consumers, making them shoulder the burden; lower purchase prices, though, would hurt the plants' profits. Also at issue is how to set rates depending on renewable source: the Japan Wind Power Association wants at least 20 years of ¥20/kilowatt-hour (kWh) for land-based turbine...

Full article: http://www.renewableenergyworld.com/rea/news/article/2012...

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