The deregulated electricity market which Japan launches in April could be a long-term way for PV’s contribution to the country’s energy mix to exceed the industry and government target of 7% by 2030.
Japan’s renewable energy laws are likely to result in the introduction of an auction process for large-scale solar, with the Ministry of Economy, Trade and Industry (METI) confirming that it has put a plan for approval before the cabinet.
Solar Frontier believes it could make some of Japan’s as-yet-unbuilt utility-scale solar projects economically viable, as the company’s partnership with Goldman Sachs-affiliate Japan Renewable Energy prepares to take on 300MW of projects within the next five years.
