Feed-in tariff for Solar Photovoltaic: The Rise of Japan

Japan started implementing a national Feed-In Tariff (FiT) mechanism on the 1st July 2012, which included specific payment tariffs for solar photovoltaic (PV) installations. This marks a new era in the renewable energy landscape in Japan. This paper aims at analysing the solar PV prospect in Japan,...

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Main Authors:	Firdaus, Muhammad-Sukki, Siti Hawa, Abu Bakar, Abu Bakar, Munir, Siti Hajar, Mohd Yasin, Roberto, Ramirez-Iniguez, Scott, G. McMeekin, Brian, G. Stewart, Narbin, Sarmah, Tapas, Kumar Mallick, Ruzairi, Abdul Rahim, Md. Ershadul, Karim, Salman, Ahmad, Razman, Mat Tahar
Format:	Article
Published:	Elsevier 2014
Subjects:	T Technology (General)
Online Access:	http://umpir.ump.edu.my/id/eprint/8216/ http://umpir.ump.edu.my/id/eprint/8216/ http://umpir.ump.edu.my/id/eprint/8216/

id	ump-8216
recordtype	eprints
spelling	ump-82162015-10-29T04:04:27Z http://umpir.ump.edu.my/id/eprint/8216/ Feed-in tariff for Solar Photovoltaic: The Rise of Japan Firdaus, Muhammad-Sukki Siti Hawa, Abu Bakar Abu Bakar, Munir Siti Hajar, Mohd Yasin Roberto, Ramirez-Iniguez Scott, G. McMeekin Brian, G. Stewart Narbin, Sarmah Tapas, Kumar Mallick Ruzairi, Abdul Rahim Md. Ershadul, Karim Salman, Ahmad Razman, Mat Tahar T Technology (General) Japan started implementing a national Feed-In Tariff (FiT) mechanism on the 1st July 2012, which included specific payment tariffs for solar photovoltaic (PV) installations. This marks a new era in the renewable energy landscape in Japan. This paper aims at analysing the solar PV prospect in Japan, particularly in both residential and non-residential sectors. The paper presents, first, an overview of energy trends in Japan prior to the Fukushima event. This is followed by a short review of solar PV progress in the country, highlighting the major policies and programmes that have been implemented as well as the installations that have been carried out over the past two decades. Next, the financial impact of the new FiT scheme on consumers is evaluated. The financial analysis investigates the total profit, the average annual return on investment and the payback period. For a comparison purposes, a similar financial analysis is also conducted with selected countries around the world – namely Germany, Italy and the United Kingdom. The results from this analysis indicate that the new Japanese FiT rate generates a good profit, a moderate annual return on investment and an acceptable payback period, suggesting an increasing trend of solar PV uptake over the next years. Elsevier 2014 Article PeerReviewed Firdaus, Muhammad-Sukki and Siti Hawa, Abu Bakar and Abu Bakar, Munir and Siti Hajar, Mohd Yasin and Roberto, Ramirez-Iniguez and Scott, G. McMeekin and Brian, G. Stewart and Narbin, Sarmah and Tapas, Kumar Mallick and Ruzairi, Abdul Rahim and Md. Ershadul, Karim and Salman, Ahmad and Razman, Mat Tahar (2014) Feed-in tariff for Solar Photovoltaic: The Rise of Japan. Renewable Energy, 68. pp. 636-643. ISSN 0960-1481 http://dx.doi.org/10.1016/j.renene.2014.03.012 DOI: 10.1016/j.renene.2014.03.012
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Malaysia Pahang
building	UMP Institutional Repository
collection	Online Access
topic	T Technology (General)
spellingShingle	T Technology (General) Firdaus, Muhammad-Sukki Siti Hawa, Abu Bakar Abu Bakar, Munir Siti Hajar, Mohd Yasin Roberto, Ramirez-Iniguez Scott, G. McMeekin Brian, G. Stewart Narbin, Sarmah Tapas, Kumar Mallick Ruzairi, Abdul Rahim Md. Ershadul, Karim Salman, Ahmad Razman, Mat Tahar Feed-in tariff for Solar Photovoltaic: The Rise of Japan
description	Japan started implementing a national Feed-In Tariff (FiT) mechanism on the 1st July 2012, which included specific payment tariffs for solar photovoltaic (PV) installations. This marks a new era in the renewable energy landscape in Japan. This paper aims at analysing the solar PV prospect in Japan, particularly in both residential and non-residential sectors. The paper presents, first, an overview of energy trends in Japan prior to the Fukushima event. This is followed by a short review of solar PV progress in the country, highlighting the major policies and programmes that have been implemented as well as the installations that have been carried out over the past two decades. Next, the financial impact of the new FiT scheme on consumers is evaluated. The financial analysis investigates the total profit, the average annual return on investment and the payback period. For a comparison purposes, a similar financial analysis is also conducted with selected countries around the world – namely Germany, Italy and the United Kingdom. The results from this analysis indicate that the new Japanese FiT rate generates a good profit, a moderate annual return on investment and an acceptable payback period, suggesting an increasing trend of solar PV uptake over the next years.
format	Article
author	Firdaus, Muhammad-Sukki Siti Hawa, Abu Bakar Abu Bakar, Munir Siti Hajar, Mohd Yasin Roberto, Ramirez-Iniguez Scott, G. McMeekin Brian, G. Stewart Narbin, Sarmah Tapas, Kumar Mallick Ruzairi, Abdul Rahim Md. Ershadul, Karim Salman, Ahmad Razman, Mat Tahar
author_facet	Firdaus, Muhammad-Sukki Siti Hawa, Abu Bakar Abu Bakar, Munir Siti Hajar, Mohd Yasin Roberto, Ramirez-Iniguez Scott, G. McMeekin Brian, G. Stewart Narbin, Sarmah Tapas, Kumar Mallick Ruzairi, Abdul Rahim Md. Ershadul, Karim Salman, Ahmad Razman, Mat Tahar
author_sort	Firdaus, Muhammad-Sukki
title	Feed-in tariff for Solar Photovoltaic: The Rise of Japan
title_short	Feed-in tariff for Solar Photovoltaic: The Rise of Japan
title_full	Feed-in tariff for Solar Photovoltaic: The Rise of Japan
title_fullStr	Feed-in tariff for Solar Photovoltaic: The Rise of Japan
title_full_unstemmed	Feed-in tariff for Solar Photovoltaic: The Rise of Japan
title_sort	feed-in tariff for solar photovoltaic: the rise of japan
publisher	Elsevier
publishDate	2014
url	http://umpir.ump.edu.my/id/eprint/8216/ http://umpir.ump.edu.my/id/eprint/8216/ http://umpir.ump.edu.my/id/eprint/8216/
first_indexed	2023-09-18T22:05:33Z
last_indexed	2023-09-18T22:05:33Z
_version_	1777414683884519424

Feed-in tariff for Solar Photovoltaic: The Rise of Japan

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