Ichinoseki Solar Power Project Update
GPSC
Japan's Solar FiT is higher than Thailand's FIT where GPSC has
secured FiT at 40 JPY/kWh for 20 years
Japan vs. Thailand's Solar FiT
(JPY/kWh)
GPSC
40
Source: METI
29
Adder scheme
2012
36
32
29
29
*29/27
24
Japan
19
19
19
Thailand
2013
2014
Cumulative installed capacity of solar PV
(MW)
1,296
1,718
2011
2012
2012-2015 CAGR 58%
6,967
2013
2015
2016
9,740
10,811
2014
2015
Remark: Thailand used adder system in 2012-2013 which is approx. 6.50 THB/kWh + 3 THB/kWh (Ft) = 9.50 THB/kWh
*29 JPY/kWh from April 1 to June 30, 27 JPY/kWh from July 1
5
**Thailand's FiT for ground mounted solar is 5.66 THB/kWh announced by Energy Policy and Planning Office (EPPO), Ministry of Energy in 2014
In July 2012, Japanese Government
has launched incentives through Feed-
in-Tariff (FIT) with an attempt to
rapidly encourage investment in
renewable energy
FiT for solar power is declined due to
lower cost of panel and installation
However, FiT in Japan is still higher
than FiT in Thailand which is approx.
19 JPY/kWh**
GPSC has secured FiT at 40 JPY/kWh
for 20 years
After Japanese Government's
incentives, the number of solar PV
installed capacity has been
increased since 2012 at 58 % per
year (2012-2015)
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