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Chinese PV firms eye Japanese market


Chinese photovoltaic (PV) equipment exporters are eyeing a promising Japanese market after being rocked by anti-dumping and anti-subsidy probes from the United States and the European Union, according to the 21st Century Business Herald.

Tokyo has restricted the use of nuclear power and encouraged renewable energy development since the Fukushima nuclear disaster last year.

The government enacted a feed-in tariff system in July as an incentive for Japanese energy providers to adopt renewable energy resources. Under the system, the feed-in tariff of a PV station is 42 yen per kilowatt-hour (3.3 yuan per KWH), 2.3 yuan higher than the price in China.

With the system established, nearly 1.5 GW PV projects received subsidy qualifications between July and September, accounting for 60 percent of Tokyo’s expected total installation quantity from July to March next year, the latest data from NPDSloarbuzz showed.

Chaori Solar (002506.SZ), a Chinese PV firm, exported about 50 megawatts of PV components to Japan this year – about 10 percent of the company's total exports, and expects the number to double in 2013, said company secretary Gu Chendong.

“Japan provides a large development room, as its own PV capacity is only 1 GW (1GW=1000MW),” he added.

However, strict certification requirements and steep competition amongst firms are obstacles to Chinese solar equipment makers, the report said.

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