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Japan struggles to cut its high solar power costs

Government and businesses do not see eye to eye on profitability

A mega solar farm built by Orix. The government has tried to encourage price cutting through auctions, but progress has been slow. 

TOKYO -- With some of the highest solar power costs in the world, Japan introduced an auction system last year to remedy the situation through competition. But that plan hit a stumbling block in the second round of bidding this summer, as it failed to award a single contract to solar farm operators whose desired prices far exceeded government targets.

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