In the first solar auction held in 2017, just 140 MW of solar were assigned. An additional 17 GW of solar capacity should be added to the Japanese grid by 2020, as the last schemes under the country's feed-in-tariff (FIT) programme are deployed, according to Fitch Solutions Macro Research, part of the Fitch Group. The government has also announced plans for a new national energy policy that will see it shift away from nuclear power and towards renewable energy. In the country's most recent solar auction in September, 197 MW was allocated, while authorities expressed their disappointment that the lowest bid was still JPY0.97 ($0.009)/kWh higher than its ceiling price of JPY15.5/kWh.
An additional 17 GW of solar capacity should be added to the Japanese grid by 2020, as the last schemes under the country's feed-in-tariff (FIT) programme are deployed, according to Fitch Solutions Macro Research, part of the Fitch Group. The government has also announced plans for a new national energy policy that will see it shift away from nuclear power and towards renewable energy. In the country's most recent solar auction in September, 197 MW was allocated, while authorities expressed their disappointment that the lowest bid was still JPY0.97 ($0.009)/kWh higher than its ceiling price of JPY15.5/kWh.