How high feed-in tariffs impacted the capital cost of solar PV in Japan
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| Název: | How high feed-in tariffs impacted the capital cost of solar PV in Japan |
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| Autoři: | Kimura, Keiji, Lundberg, Liv, Kåberger, Tomas, 1961 |
| Zdroj: | Renewable Energy. 244 |
| Témata: | Japan energy policy, Solar PV cost, Renewable energy policy, Feed-in tariff |
| Popis: | This study investigates the impact of feed-in tariffs (FITs) on the capital expenditures (CAPEX) of solar photo-voltaics (PV) projects in Japan. In 2012, Japan introduced a FIT scheme with the highest tariff levels in theworld. Tariffs for a project were set at the time when the project obtained a qualification, but early projects hadno deadline for starting operations, and many where not built until many years later. The installed capacity ofsolar PV in Japan surged under the scheme. However, Japan has suffered from high costs of solar PV compared tothe global level. Using survey data from Japanese solar PV projects, and econometric modelling we leverage thefact that projects qualified at different points in time, with different FIT levels, have subsequently been builtsimultaneously. We find that higher FIT levels are correlated with increased CAPEX, where a 1 JPY/kWh increasein the FIT level is linked to a 3.31 JPY/W rise in CAPEX. This may be due to that developers with guaranteed hightariffs have weaker incentives to reduce costs and/or to strategic pricing by suppliers. Our findings indicate thatpoorly designed support schemes can counteract the policy goal of reducing renewable energy costs. |
| Popis souboru: | electronic |
| Přístupová URL adresa: | https://research.chalmers.se/publication/545229 https://research.chalmers.se/publication/545537 https://research.chalmers.se/publication/545537/file/545537_Fulltext.pdf |
| Databáze: | SwePub |
| FullText | Text: Availability: 0 CustomLinks: – Url: https://research.chalmers.se/publication/545229# Name: EDS - SwePub (s4221598) Category: fullText Text: View record in SwePub – Url: https://resolver.ebscohost.com/openurl?sid=EBSCO:edsswe&genre=article&issn=09601481&ISBN=&volume=244&issue=&date=20250101&spage=&pages=&title=Renewable Energy&atitle=How%20high%20feed-in%20tariffs%20impacted%20the%20capital%20cost%20of%20solar%20PV%20in%20Japan&aulast=Kimura%2C%20Keiji&id=DOI:10.1016/j.renene.2025.122685 Name: Full Text Finder Category: fullText Text: Full Text Finder Icon: https://imageserver.ebscohost.com/branding/images/FTF.gif MouseOverText: Full Text Finder – Url: https://www.webofscience.com/api/gateway?GWVersion=2&SrcApp=EBSCO&SrcAuth=EBSCO&DestApp=WOS&ServiceName=TransferToWoS&DestLinkType=GeneralSearchSummary&Func=Links&author=Kimura%20K Name: ISI Category: fullText Text: Nájsť tento článok vo Web of Science Icon: https://imagesrvr.epnet.com/ls/20docs.gif MouseOverText: Nájsť tento článok vo Web of Science |
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| Items | – Name: Title Label: Title Group: Ti Data: How high feed-in tariffs impacted the capital cost of solar PV in Japan – Name: Author Label: Authors Group: Au Data: <searchLink fieldCode="AR" term="%22Kimura%2C+Keiji%22">Kimura, Keiji</searchLink><br /><searchLink fieldCode="AR" term="%22Lundberg%2C+Liv%22">Lundberg, Liv</searchLink><br /><searchLink fieldCode="AR" term="%22Kåberger%2C+Tomas%22">Kåberger, Tomas</searchLink>, 1961 – Name: TitleSource Label: Source Group: Src Data: <i>Renewable Energy</i>. 244 – Name: Subject Label: Subject Terms Group: Su Data: <searchLink fieldCode="DE" term="%22Japan+energy+policy%22">Japan energy policy</searchLink><br /><searchLink fieldCode="DE" term="%22Solar+PV+cost%22">Solar PV cost</searchLink><br /><searchLink fieldCode="DE" term="%22Renewable+energy+policy%22">Renewable energy policy</searchLink><br /><searchLink fieldCode="DE" term="%22Feed-in+tariff%22">Feed-in tariff</searchLink> – Name: Abstract Label: Description Group: Ab Data: This study investigates the impact of feed-in tariffs (FITs) on the capital expenditures (CAPEX) of solar photo-voltaics (PV) projects in Japan. In 2012, Japan introduced a FIT scheme with the highest tariff levels in theworld. Tariffs for a project were set at the time when the project obtained a qualification, but early projects hadno deadline for starting operations, and many where not built until many years later. The installed capacity ofsolar PV in Japan surged under the scheme. However, Japan has suffered from high costs of solar PV compared tothe global level. Using survey data from Japanese solar PV projects, and econometric modelling we leverage thefact that projects qualified at different points in time, with different FIT levels, have subsequently been builtsimultaneously. We find that higher FIT levels are correlated with increased CAPEX, where a 1 JPY/kWh increasein the FIT level is linked to a 3.31 JPY/W rise in CAPEX. This may be due to that developers with guaranteed hightariffs have weaker incentives to reduce costs and/or to strategic pricing by suppliers. Our findings indicate thatpoorly designed support schemes can counteract the policy goal of reducing renewable energy costs. – Name: Format Label: File Description Group: SrcInfo Data: electronic – Name: URL Label: Access URL Group: URL Data: <link linkTarget="URL" linkTerm="https://research.chalmers.se/publication/545229" linkWindow="_blank">https://research.chalmers.se/publication/545229</link><br /><link linkTarget="URL" linkTerm="https://research.chalmers.se/publication/545537" linkWindow="_blank">https://research.chalmers.se/publication/545537</link><br /><link linkTarget="URL" linkTerm="https://research.chalmers.se/publication/545537/file/545537_Fulltext.pdf" linkWindow="_blank">https://research.chalmers.se/publication/545537/file/545537_Fulltext.pdf</link> |
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| RecordInfo | BibRecord: BibEntity: Identifiers: – Type: doi Value: 10.1016/j.renene.2025.122685 Languages: – Text: English Subjects: – SubjectFull: Japan energy policy Type: general – SubjectFull: Solar PV cost Type: general – SubjectFull: Renewable energy policy Type: general – SubjectFull: Feed-in tariff Type: general Titles: – TitleFull: How high feed-in tariffs impacted the capital cost of solar PV in Japan Type: main BibRelationships: HasContributorRelationships: – PersonEntity: Name: NameFull: Kimura, Keiji – PersonEntity: Name: NameFull: Lundberg, Liv – PersonEntity: Name: NameFull: Kåberger, Tomas IsPartOfRelationships: – BibEntity: Dates: – D: 01 M: 01 Type: published Y: 2025 Identifiers: – Type: issn-print Value: 09601481 – Type: issn-print Value: 18790682 – Type: issn-locals Value: SWEPUB_FREE – Type: issn-locals Value: CTH_SWEPUB Numbering: – Type: volume Value: 244 Titles: – TitleFull: Renewable Energy Type: main |
| ResultId | 1 |
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