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Japan: Fifty solar PV companies already gone in 2017 as subsidies end. Coal soaring.

Posted By Jo Nova On July 20, 2017 @ 4:02 pm In Free markets,Global Warming,Renewable | Comments Disabled

What’s the word for competitive-but-needs-a-subsidy?  Broke…

One hundred solar PV companies are forecast to collapse in Japan this year alone.

Up to 100 solar PV firms in Japan could face bankruptcy this year, with more than double the number of firms going bust in the first half of this year than the same period in 2016.

According to corporate credit research company Teikoku Databank, which surveys companies across various industries and has produced its third report on solar PV company bankruptcies, 50 companies in Japan’s solar sector have already gone out of business in the first six months of 2017.

While the market overall has rapidly expanded from the launch of the feed-in tariff (FiT) in July 2012, Teikoku Databank acknowledged that there has been a slowdown in deployment in the past couple of years as the government successively made cuts of 10% or more on an annual basis to the premium prices paid for solar energy fed into the grid.

Bankruptcies have doubled in the industry since last year.

Meanwhile Japan plans to build at least 45 HELE Coal Plants.

Check out the map of “coal in versus coal out” in Japan. For a dying technology things are not looking too shabby.

Japan, Coal generation, electricity, map, planned, cancelled, retired, construction.

Thanks to the EndCoal Tracker :-)

Current operating coal fired plants in Japan, 2017.

Coal plants, operating in Japan 2017. Map.

Current operating coal fired plants in Japan, 2017.

Coal seems to be doing just fine.

h/t Marvin.

PS: The EndCoal Tracker is published by “CoalSwarm“. Where the global EndSolarSubsidies Tracker? All that fossil fuel funding, and no activist group to track the parasites?

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