The Japanese Ministry of Economy, Trade and Industry (METI) has released provisional feed-in tariffs (FiTs) for the next financial year (April 2022-March 2023).
The country will set FiTs for solar projects between 10 and 50 kW at JPY11/kWh (-8% compared to 2021-22, US$9.6c/kWh) and at JPY10/kWh for plants between 50 to 250 kW (-9%, US$8.7c/kWh)
In addition, FiTs for offshore wind will reach JPY29/kWh in 2022-23 (-9%, US$25c/kWh), and JPY36/kWh for floating wind (stable, US$31c/kWh). FiTs for large-scale onshore wind (>20 kW) will decline by 6% to JPY16/kWh (US$14c/kWh).
FiTs apply for 20 years, except for residential solar projects (10 years) and geothermal projects (15 years).
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