Green rush hits Japan - .PDF file.
The government has finally disclosed details of Japan’s version of the Feed-in-Tariff (‘FIT’) to be enforced this July. The purchase price for the initial year has been fixed at ¥40/kWh ($0.50/kWh excluding tax) for solar power and ¥22/kWh ($0.28/kWh excluding tax) for wind power and the purchase period for the initial year is fixed at 20 years for both. Combined with Green Investment Tax Credit measures, Japan’s renewable energy market is bracing for a ‘green rush’ as it attracts wide attention both in Japan and abroad.
Click on the link above to download this Orrick Herrington & Sutcliffe briefing.