Japan Clean-Energy Panel Proposes 11% Solar Tariff Cut in 2016

Japan should probably reduce incentives for solar-power-project developers by 11 percent after costs to roll out solar systems fell, a government-appointed panel said.

Solar tariffs for approved applications could be cut to 24 yen (21 cents) per kilowatt hour from the current rate of 27 yen for the fiscal year beginning April 1, according to a proposal presented on Monday by the panel in charge of reviewing Japan’s clean-energy-incentive program.