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8% Yield Is Possible at 21-yen FIT Tariff, Says Xsol President (1)

2016/10/01 10:52
Kenji Kaneko, Nikkei BP CleanTech Institute
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Shinichi Suzuki, president of Xsol (former secretary general of JPEA)

Shinichi Suzuki, president of Kyoto City-based solar power company Xsol Co Ltd, served as secretary general of JPEA (Japan Photovoltaic Energy Association) for two years from June 2013. He led the promotion of solar power in collaboration with the Ministry of Economy, Trade and Industry (METI) and acted as a collaborator who represents the solar power generation industry, which expanded rapidly responding to the introduction of the feed-in tariff (FIT) scheme. We interviewed him to learn about the current situation and future prospects of the solar power market.

Q: How do you see the domestic market of solar power generation equipment? According to the statistics on solar panel shipment reported by JPEA, the shipment volume in fiscal 2014 was 9.87GW while the volume in fiscal 2015 was 7.95GW, which was a significant decline from the previous fiscal year. However, the solar power market does not appear to have declined substantially, judging from the situation of mega solar equipment installation.

Suzuki: We cannot estimate the actual market scale based on the statistics of JPEA. According to the estimation by Xsol, the volume of panel shipment in Japan was approximately 13GW in 2015, and the volume was larger compared with 2014. It is likely that 2015 is the peak year, but we expect that the level will remain about the same in 2016 and 2017.