Renewable Energy in Japan – Recent Developments No. 47
New Wheeling Charge on JPY 40, 36, 32 and 29 FIT rate Solar Projects, with no adjustment measures
In a further challenge for renewable energy project developers, a new generation side wheeling charge on solar projects has been proposed by the Ministry of Economy, Trade and Industry (“METI”).
The proposal has been made by the Advisory Committee for Natural Resources and Energy, Energy Conservation and Renewable Energy Department / Electricity and Gas Unit, Subcommittee on Mass Introduction of Renewable Energy and Next-Generation Electricity Networks of METI (the “Committee”), as part of its review of the Feed-in Tariff (the “FIT”) scheme. That review has included discussions on measures to revise the existing FIT system and to restructure Japanese renewable energy policies.