The Ministry of Economy, Trade and Industry (METI) of Japan has announced it has cancelled 647 large-scale projects (>10kW) representing 1.82 GW of capacity as approved developments were not moving ahead as planned. Since April 2014, METI requires solar projects to secure land and equipment within 6 months of getting approvals and developers of theses projects had applied for projects at the 2012 rate and waited until costs went down to start developing their projects, thus maximising profits. METI plans to investigate another 351 cases, worth 2.7 GW, which have yet to secure either land or equipment after approvals in fiscal 2012. Cancelled projects represent 9.7% of the total non-residential solar capacity approved in fiscal year 2012.
Conversely, METI confirm that 8.8 GW of solar PV project were already connected or had produced the necessary documentation to go ahead with construction.
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