The Japanese authorities will provide a maximum rebate of JPY 303,500 ($2,350)/kW for solar projects ranging in size from 10 kW to 50 kW. Projects above 50 kW will be assigned a rebate of JPY 205,900/kW.

The country saw around 421 MW of new PV capacity come online in December alone. Its cumulative solar power reached 56.3 GW.

The share of silver in the total cost of PV modules has increased by around 5% in recent months, according to US analyst Matthew Watson. He told pv magazine that silver prices are set to rise, adding that the metal will eventually account for an even larger percentage of overall module costs.

Light and shade of 500 W plus solar panels

Coronavirus outbreak in China impacting solar industry in Korea, India and Taiwan