Japan Boosts Perovskite Solar Tech with Tariff Incentives

• Japan's push for perovskite solar technology aims to revolutionize urban energy generation, with domestic companies leading the charge towards a sustainable future.

Japan's government plans to promote perovskite solar technology through the feed-in tariff system, setting the price of energy produced from perovskite cells at 10 yen per kilowatt-hour or more starting in fiscal 2025. The light, flexible perovskite cells can generate electricity in places where traditional solar panel installation is not feasible, such as building walls and windows. Japanese companies are heavily involved in research and development of the technology, focusing on quality and durability, while Chinese companies are leading in commercialization.

With limited land area for solar panel installation, Japan sees the potential for new power generation sites, especially in urban areas, through the spread of perovskite technology. The government aims to support perovskite technology as part of its decarbonization strategy, positioning it as a key pillar for the future. Domestic companies like Sekisui Chemical and Toshiba are working towards commercialization, with Sekisui targeting 2025 for mass production.

The expert panel will work out the details for the feed-in tariff system in fiscal 2024, which requires power companies to buy electricity generated using renewable energy at a higher price than conventional power for 10 to 20 years. Japan's focus on perovskite technology comes as it faces intense competition with overseas companies in the solar market, particularly from China. The government's support for perovskite technology is seen as crucial for maintaining Japan's position in the global market and securing a stable supply of key raw materials like iodine.

How will Japan's feed-in tariff system promote perovskite solar technology?

• The feed-in tariff system in Japan will set the price of energy produced from perovskite cells at 10 yen per kilowatt-hour or more starting in fiscal 2025, promoting the adoption of this innovative solar technology.
• Perovskite cells are light and flexible, making them suitable for installation in places where traditional solar panels may not be feasible, such as building walls and windows, opening up new possibilities for power generation in urban areas.
• Japanese companies are heavily involved in research and development of perovskite technology, focusing on improving quality and durability, while Chinese companies are leading in commercialization.
• The government aims to support perovskite technology as part of its decarbonization strategy, positioning it as a key pillar for the future of renewable energy in Japan.
• Domestic companies like Sekisui Chemical and Toshiba are working towards commercializing perovskite technology, with Sekisui targeting mass production by 2025.
• The expert panel will work out the details for the feed-in tariff system in fiscal 2024, which will require power companies to buy electricity generated using renewable energy at a higher price than conventional power for 10 to 20 years, incentivizing the adoption of perovskite technology.
• Japan's focus on perovskite technology is crucial for maintaining its position in the global solar market and securing a stable supply of key raw materials like iodine, as the country faces intense competition from overseas companies, particularly from China.