The cut would affect projects approved between 2012 and 2014, which are entitled to ¥40, ¥36 and ¥32/kWh rates. Although later in December the completion deadlines were alleviated, there are still uncertainties swirling around the measures’ implementation, and many investors and operators are threatening lawsuits against the government. Haruki Yamaya, Senior Analyst at RTS will shine light on the framework of the retroactive cuts, while reflecting on the implications for different industry players (developers, EPCs, operators and debt providers) and how these changes can affect the future trajectory of solar in Japan.
Not only these reforms might see some of the affected projects starting operations at lower feed-in tariffs, but in reality the Japanese PV market has been slowly transitioning towards lower rates, as a result of the annual revision of the FIT-scheme and the recently introduced PV tenders (for projects above 2 MW). These dynamics are certainly forcing operators to reshape Asset Management and O&M strategies in an increasingly competitive market. Marco Alves, an independent consultant for major stakeholders active in Japan, will provide an in-depth analysis on key aspects and major trends resulting from operations at lower feed-in tariffs.
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