The forecasted mean feed-in tariff for biomass energy in Japan shows a steady annual increase, beginning at 0.34 USD per kWh in 2024 and incrementally rising to 0.38 USD per kWh by 2028. In 2023, the actual mean feed-in tariff stood at 0.33 USD per kWh, indicating a consistent year-on-year growth rate of approximately 2.9% from 2023 to 2024. Similarly, the expected compound annual growth rate (CAGR) for the forecast period from 2024 to 2028 is about 2.8%.

Future trends to watch for:

Policy and regulatory changes that may impact the feed-in tariffs for renewable energy sources.
Technological advancements in biomass energy production that could affect costs and efficiency.
Market demand and supply dynamics within the renewable energy sector in Japan.