固定価格買取制度
also: こていかかくかいとりせいど
Meanings
1
feed-in tariff; fixed-price purchase system
A policy under which electric utilities are obligated to purchase all electricity generated from renewable sources at a fixed price for a set period. Often abbreviated as FIT.
The feed-in tariff system was introduced in Japan in 2012.
Thanks to the feed-in tariff system, solar power generation spread rapidly.