Japan May Apply Solar Brakes With Rate Overhaul, Yomiuri Reports
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Japan may revise its incentive program for clean energy to stem the rush of solar power producers trying to secure higher rates before the end of the fiscal year, the Yomiuri newspaper reported today.
Under the current program, renewables producers qualify to sell their power at the fixed rate set at the time they win approval from the government. The rules may change so that solar developers will only be able to get the price at the time they begin producing power, which is typically lower, according to the newspaper, which didn’t say where it got the information.