Renewable Energy Financing Japan’s PV Experience Renewable Energy Financing Workshop 14 May 2004 Honolulu, Hawaii, USA Mr. Michael Rice Advisor International Projects Dept. New Energy and Industrial Technology Development Organization (NEDO)
New Energy Utilization Overview of NRE Budget Origin (FY 2004) Petroleum-related Measures Special A/C for Petroleum and Sophisticated Structure of Energy Supply/Demand (Petro: \2,040/kl; LPG: \800/t; LNG: \849/t; Coal: \230/t; etc.) Energy Conservation NatGas Utilization Promotion Environmentally Friendly Utilization of Coal Etc. \87.6B New Energy Utilization \63.5B Regional Power Source Development Special A/C for Electric Power Development Acceleration Measures (Electricity sales: \0.425/kWh) Nuclear Energy Utilization Promotion Hydro/Thermal Energy Utilization Etc.
New and Renewable Energy Budget Trend ※ 1 US$ = \106
Residential PV System Subsidy Scheme Year Subsidy Installed Capacity (Cumulative MW) 1997 1/3 of installation cost (Max: \340,000/kW) 32.8 1998 56.9 1999 114.6 2000 Max: \270,000/kW* 189.0 2001 \120,000/kW 280.0 2002 \100,000/kW 421.4 * The incentive was reduced to 180,000 yen/kW for the second half according to subscriber interest and the price of PV systems. There was a need to reduce it to 150,000 yen/kW during the second half.
PV Power Generation Capacity in Japan
International Comparisons—Installed PV Capacity (MW) Source: IEA/PVPS (end of 2002)