Japanese solar power equipment makers may be threatened by foreign invasion
Sep 26, 2011 - Japan's recently approved renewable energy bill, that introduces feed-in tariffs (FiTs) for green energy, may threaten domestic solar product manufacturers as it is attracting too many foreign sector firms offering cheaper products, daily Nikkei said.
"Japanese solar battery makers may be facing tough times," Akihiko Ouchi, president of photovoltaic backsheets maker Lintec Corp (TYO:7966), told the newspaper. He explained that Lintec was looking for ways to bring down backsheets manufacturing costs due to the growing competition. "Chinese and German solar cell makers are now coming to Japan in droves," Ouchi added.
In August, Japan's upper house of parliament passed a bill that will see utilities purchase all renewable energy produced by third parties at fixed rates. The legislation is to come into force in the summer of 2012.