BenQ Solar, the solar power unit under AU Optronics Corp (AUO, 友達光電), has attained Japan Electrical Safety and Environment Technology Laboratory (JET) certification, allowing it to further develop in a market that will see a new feed-in tariff (FIT) energy policy take effect next month.
AUO, the nation’s No. 2 LCD panel maker, said in a statement yesterday that BenQ Solar has become one of the few foreign companies to be awarded JET certification.
AUO said that obtaining JET certification was one of its solar unit’s major ambitions, especially for the Japanese market, given Japanese consumers’ greater concern for electronic product safety and the huge market demand.
“BenQ Solar’s JET solar module certification denotes its products meet the highest standard of safety and have the capability to respond to world trends,” the statement said.
Japan is scheduled to implement a new FIT scheme for energy from renewable resources next month. AUO said the Japanese government would subsidize energy from renewable resources at higher rates than other countries.
“For BenQ Solar, this makes Japan one of the most promising markets in Asia-Pacific region,” the statement said.
Daiwa Capital Markets analyst Pranab Kumar Sarmah said in a note on Friday that Japan’s new FIT scheme should provide upside growth for market demand next year, once electricity companies and financial institutions there get used to the project and loan approval process.
Daiwa also raised its global solar demand forecast by 12 percent to 31.5 gigawatts, up 16 percent year-on-year, as demand in Germany, China, India and Eastern Europe has been growing ahead of its expectations.