Eco-Friendly ingenuities are motivating huge growth in the industry of plant-based plastic packaging market. The industry is chiefly driven by eco-friendly characteristics of these plastic. North America is foretold to be the utmost reve…
BMI View: Japan's solar sector will undergo a slowdown in growth over the coming years as government
subsidy cuts and grid connectivity bottlenecks lead to a reduction in installations. Solar will continue to be
the technology of choice for the country - both utility scale and rooftop - and solar capacity will dominate
Japan's renewables mix.
Latest Updates & Structural Trends:
? In March 2016, it was announced that feed-in tariffs (FiTs) for solar power would be reduced as of April
1 2016 (the beginning of Japan's fiscal year) - for both utility scale and residential systems. This view is
showing signs of playing out as the volume of PV module shipments have weakened; reportedly falling
23% over the last fiscal year.
? In May 2016, US-based solar investment and financial advisory firm GSSG Solar has started building a
46.8MW solar farm in Nagano prefecture. Chubu Electric Power will buy the plant's output pursuant to
a 20-year FiT agreement and the project is expected online by end-2017.
? Venti-Japan, Mitsubishi Corporation and C-Tech Corporation will jointly build a 66MW wind farm
at a coastal site in Akita Prefecture in northern Japan. The three companies have set up a JV called Akita
Katagami Windfarm to deliver the JPY20bn (USD181.6mn) project. Construction of the wind park is
expected to begin in September 2016, with commissioning slated for early 2019.
? It was announced in May 2016 that Sumitomo Corporation plan to build a 59.9MW PV solar park in
Minamisoma with an investment of JPY22bn (USD201mn). Sumitomo has appointed Toshiba
Corporation and Taisei Corporation as the EPC contractors for the solar power project. It is scheduled
to begin operating in March 2018.