{"id":10558,"date":"2023-07-20T09:00:17","date_gmt":"2023-07-20T00:00:17","guid":{"rendered":"https:\/\/rts-pv-wp.grgr.link\/en\/?post_type=blogs&#038;p=10558"},"modified":"2023-07-19T17:25:17","modified_gmt":"2023-07-19T08:25:17","slug":"meti-announces-lapse-of-commercial-projects","status":"publish","type":"blogs","link":"https:\/\/rts-pv-wp.grgr.link\/en\/blogs\/10558\/","title":{"rendered":"METI announces cancellation of FIT approved commercial projects"},"content":{"rendered":"<div style=\"background: #f6f6f6;padding: 16px 24px;margin-bottom: 1em\">\n<p>&nbsp;<\/p>\n<div class=\"row\">\n<div class=\"large-8 small-12\">\n<h6 style=\"margin-bottom: 10px\">Japan Solar Update: No.54 (July 17~ 21, 2023)<\/h6>\n<\/div>\n<h6 class=\"large-4 small-12\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/rts-pv-wp.grgr.link\/en\/wp-content\/uploads\/sites\/3\/2023\/07\/Approval-cancellation-1.jpg\" alt=\"Cancellation of approved projects\" width=\"248\" height=\"165\" class=\"alignnone  wp-image-10550\" \/><\/h6>\n<\/div>\n<\/div>\n<div><\/div>\n<div><\/div>\n<div><\/div>\n<p>&nbsp;<\/p>\n<p>METI announces cancellation of FIT-approved applications of 53,495 projects or 4.26 GW for FY 2022 ending March 31, 2023.<\/p>\n<p>&nbsp;<\/p>\n<p>The partial revision of the Act on Special Measures Concerning Procurement of Electricity from Renewable Energy Sources by Electricity Utilities including amending FIT\/FIP schemes came into effect on April 1, 2022.<\/p>\n<p>&nbsp;<\/p>\n<p>FIT projects that signed grid connection contracts between April 1, 2012 and July 31, 2016, but did not apply to start construction did not yet have a deadline for the start of operation.\u00a0 To reduce renewable energy costs, to reduce the burden on the public by lowering the renewable energy surcharge and to develop new projects by releasing grids secured by non-operating projects, tne revised act set a deadline for those projects to o resolve these issues.\u00a0<\/p>\n<p>&nbsp;<\/p>\n<p>Of the FIT approved projects which have not started opeartion or haven&#8217;t applied to start construction on March 31, 2023, approvals were cancelled.<\/p>\n<p>That included the projects between April 1, 2012 and July 31, 2016 and the projects approved by March 31, 2019 with expiration dates changed by transitional measures starting April 1, 2022.<\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/rts-pv-wp.grgr.link\/en\/wp-content\/uploads\/sites\/3\/2023\/07\/Approval-cancellation-1-300x160.jpg\" alt=\"Approval cancellation\" width=\"1196\" height=\"638\" class=\"wp-image-10695 aligncenter\" srcset=\"https:\/\/rts-pv-wp.grgr.link\/en\/wp-content\/uploads\/sites\/3\/2023\/07\/Approval-cancellation-1-300x160.jpg 300w, https:\/\/rts-pv-wp.grgr.link\/en\/wp-content\/uploads\/sites\/3\/2023\/07\/Approval-cancellation-1.jpg 648w\" sizes=\"auto, (max-width: 1196px) 100vw, 1196px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"featured_media":10695,"template":"","blogs_category":[49],"class_list":["post-10558","blogs","type-blogs","status-publish","has-post-thumbnail","hentry","blogs_category-pv-market-size-installation-volume"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>METI announces cancellation of FIT approved commercial projects | RTS Corporation<\/title>\n<meta name=\"description\" content=\"Based upon over 40 years of our experiences and accumulated knowledge in PV,RTS Corporation has been providing in RTS Corporation is a leading PV industry \/ market consultingcompany and has been supporting the growth of the PV industry for nearly 40 years.We provide an optimal consulting service for each client interested in the PV business.\u3000Weekly PV news is available at RTS PV Blog.\" \/>\n<meta name=\"robots\" content=\"index, follow, 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