Japan seeks more industrial rooftop solar with rate incentive

Companies encouraged to install panels atop buildings under feed-in tariffs

20230130 solar roof

Solar panels sit atop a factory in the city of Namerikawa. Japan wants companies to install panels on the roofs and surroundings of corporate facilities. (Photo obtained by Nikkei)

MASAHISA TANAKA, Nikkei staff writer

TOKYO -- Japan will offer higher prices for solar power produced on the roofs of corporate buildings starting in fiscal 2024, hoping to promote continued investment in renewable energy even as ideal sites for solar farms run out.

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