Jan. 18 (Bloomberg) — A committee appointed by the Japanese government will start talks on setting above-market rates for clean energy project applications for the year starting April 1.
The five-member committee will meet on Jan. 21 and make proposals for the so-called feed-in tariffs, according to an e- mailed statement from the industry ministry.
Japan began an incentive program in July to promote renewable energy generation from resources such as solar, wind and biomass following the 2011 Fukushima nuclear disaster. The current tariffs expire at the end of March.
The tariff for solar is currently 42 yen (47 cents) per kilowatt hour for 20 years, while wind gets 23.1 yen per kilowatt hour for the same period.
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