Japan: The world's new star in solar power

Until recently less than 1% of Japan's electrical power output came from renewables. But following the catastrophe of Fukushima and the power blackouts that followed, Japan has seen an explosion in investment in alternatives. Solar, in particular, in this averagely photon-blessed country, has seen a seismic rise of late and is this year poised to become the world's largest solar market in volume after China.

According to a report by energy analyst IHS on Japan's energy mix, Japan's solar installations jumped by "a stunning 270% (in gigawatts) in the first quarter of 2013." That means by the end of 2013 there will be enough new solar panels equal to the capacity of seven nuclear reactors. Such massive growth will allow Japan to surpass Germany and become the world's largest photovoltaics (PV) market in terms of revenue this year.

"Japan is forecast to install $20 billion worth of PV systems in 2013, up 82% from $11 billion in 2012," IHS said. "In contrast, the global market is set for tepid 4% growth. The strong revenue performance for Japan this year is partly driven by the high solar prices in the country." Germany still leads with the total number of units and capacity, however, with its 32,192 megawatts. Japan is now closer to the U.S.'s 8,069 megawatts at 7,429 megawatts, according to London-based BNEF.

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

AGM Deep Cycle Sun Xtender® Batteries

AGM Deep Cycle Sun Xtender® Batteries

AGM Deep Cycle Sun Xtender® Batteries offer superior reliability and extended cycle life for renewable energy storage systems. Since 1987, the Sun Xtender renewable energy line has been manufactured with the same proven technology and rigorous quality standards used to produce Concorde Battery's military and civilian aircraft battery lines. . Processes and materials unique to Sun Xtender® set them apart from the competition. The robust build is designed for grid tied or off grid systems in residential, industrial, and commercial environments. With sizes and capacities to meet a variety of renewable energy requirements, Sun Xtender can customize any battery bank. Premium, reliable batteries Crafted for Quality in the USA.