Japan’s new feed-in tariffs: Government’s model contract available now
On 1 July 2012, the Act on Special Measures concerning Procurement of Renewable Energy Sourced Electricity by Electric Utilities (Act No. 108 of 2011) (or RE Act) came into effect and a feed-in tariff system was introduced in Japan in an effort to promote the use of renewable energy. The RE Act imposes an obligation on electric utility operators to purchase electricity generated using renewable energy sources including solar energy from renewable energy electricity suppliers at prices and for time periods designated by the Ministry of Economy, Trade and Industry.
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