Renewable Energy Financing Japans PV Experience Renewable Energy
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)
Overview of NRE Budget Origin (FY 2004) 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. ) 87. 6 B 63. 5 B Special A/C for Electric Power Development Acceleration Measures (Electricity sales: . 425/k. Wh) Petroleum-related Measures Energy Conservation Nat. Gas Utilization Promotion Environmentally Friendly Utilization of Coal Etc. New Energy Utilization Regional Power Source Development 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 1998 1999 1/3 of installation cost (Max: 340, 000/k. W) 32. 8 56. 9 114. 6 2000 Max: 270, 000/k. W* 189. 0 2001 120, 000/k. W 280. 0 2002 100, 000/k. W 421. 4 * The incentive was reduced to 180, 000 yen/k. W 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/k. W during the second half.
PV Power Generation Capacity in Japan
International Comparisons—Installed PV Capacity (MW) Source: IEA/PVPS (end of 2002)
- Slides: 6