Feed-in tariff for solar photovoltaic: The rise of Japan

RENEWABLE ENERGY

卷:68

Article

Muhammad-Sukki, Firdaus^1,2  Abu-Bakar, Siti Hawa^1,3  Munir, Abu Bakar^4,5  Yasin, Siti Hajar Mohd⁶  Ramirez-Iniguez, Roberto¹  McMeekin, Scott G.¹  Stewart, Brian G.¹  Sarmah, Nabin⁷  Mallick, Tapas Kumar⁷  Rahim, Ruzairi Abdul⁸  Karim, Md Ershadul⁴  Ahmad, Salman⁹  Tahar, Razman Mat⁹ 

[1] Glasgow Caledonian Univ, Sch Engn & Built Environm, Glasgow G4 0BA, Lanark, Scotland

[2] Multimedia Univ, Fac Engn, Cyberjaya 63100, Selangor, Malaysia

[3] Univ Kuala Lumpur, British Malaysian Inst, Gombak 53100, Selangor, Malaysia

[4] Univ Malaya, Fac Law, Kuala Lumpur 50603, Malaysia

[5] Univ Malaya, Malaysian Ctr Regulatory Studies UMCoRS, Kuala Lumpur, Malaysia

[6] Univ Teknol MARA, Fac Law, Shah Alam 40450, Malaysia

[7] Univ Exeter, Environm & Sustainabil Inst, Penryn TR10 9EZ, Cornwall, England

[8] Univ Teknol Malaysia, Fac Elect Engn, Utm Skudai 81300, Johor, Malaysia

[9] Univ Malaysia Pahang, Fac Technol, Gambang 26300, Malaysia

关键词: Solar energy;    Photovoltaic;    Feed-in tariff;    Financial analysis;   

DOI  :  10.1016/j.renene.2014.03.012

来源: Elsevier

【 摘 要 】

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. (C) 2014 Elsevier Ltd. All rights reserved.

【 授权许可】

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