The Japanese PV market has enjoyed considerable prosperity over the last few years. 2012 saw capacity more than double thanks on the back of subsidies and new installations in 2015 reached a peak value of 10.5GW.
But as PV is a policy-sensitive industry, market turbulence was inevitable after a reduction to subsidies.
The FiT rate has experienced decreases for six consecutive years since 2013. The purchase price in 2019 is 26-28JPY/kWh for systems with capacity lower than 26-28kW, and 18JPY/kWh for those with capacity higher than 10kW. The Japanese Ministry of Economy, Trade and Industry announced in June 2019 a gradual elimination of the FIT.
