Japan Passes FIT Peak: Now What for 87 GW Renewable Queue, 2030 Energy Mix?

Published at RenewableEnergyWorld.com --- Between July 2013 and July 2015, the Japanese feed-in tariff (FIT) program has supported the installation of over 22 GW worth of renewable energy nationwide, according to the latest data released by the Ministry of Economy, Industry and Trade (METI). That means, in only three years, the nation doubled its renewable energy capacity. Those renewable energy projects have cumulatively generated 66,854 GWh of renewable electricity, roughly equivalent to the annual electricity consumption of the state of Minnesota, ranked 19th in the U.S. for clean power generation.

Source: Japan METI

The FIT program heavily skewed toward solar

Although the program supports five renewable technologies: solar photovoltaic (PV), wind, hydro (below 30 MW), geothermal and biomass, PV accounts for 96 percent of the 22 GW of installed capacity in the last 37 months.

Source: Japan METI

The FIT program aided Japan in its ascent towards becoming one of the world’s biggest PV markets in 2013 and 2014. According to METI’s data, Japan installed 8.51 GW of PV under the FIT program. In the first seven months of this year, Japan has already installed a little over 6 GW. If Japan manages to install 1 GW of PV every month from August to December of this year, Japan will hit, as many PV industry analysts have predicted, 10 GW and solidify its position at the top of the list again this year....Read More Here