1. 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)

2. 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.

3. New and Renewable Energy Budget Trend
※ 1 US$ ＝ \106

4. 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.

5. PV Power Generation Capacity in Japan

6. International Comparisons—Installed PV Capacity (MW)
Source: IEA/PVPS (end of 2002)