Japan's solar industry continues to shrink
Post date: 04/02/2019 - 11:20
In Japan, 95 solar companies went bankrupt last year - mainly in the area of trading and project planning. According to a report from the news portal nippon.com, a survey by the private market research company Teikoku Databank revealed a total of liabilities of around JPY 24 billion ($221 million). In 2017, the number of bankruptcies was slightly lower at 88, but the sum of liabilities was significantly higher at JPY 30.2 billion ($278 million), which is due to the size of the affected companies. The solar bankruptcy loss peaked in 2016, when the failure of Japan Logitec Cooperative Association alone left JPY 16.3 billion ($150 million) in debt. Overall, the number of corporate failures in the solar sector has risen for the fifth consecutive time since 2013. »nippon.com« cites the reductions in the feed-in tariff since 2012 as the reason for the negative development. However, the current 14 yen (12.9 ct) per kilowatt hour is still very high by international comparison for large PV plants.