PV dominant renewable energy source in Japan

Japan added 1,394MW in clean energy capacity between 1 April 2012 and 31 January 2013, of which solar PV accounted for 1,329MW.

Data compiled by the Agency for Natural Resources and Energy, part of Japan’s Ministry of Trade and Industry, showed a 300MW increase in generation since last April for residential PV. Other PV installations saw a rise of 2MW to 306MW by January.

The additions follow the introduction of an incentive programme begun in July to increase clean energy after the 2011 Fukushima nuclear disaster.
The ministry approved non-residential solar projects totalling 5,749MW, and residential solar worth 958MW.

Analysts are forecasting great things for the Japanese market this year, especially in the first half according to NPD Solarbuzz. A new Bloomberg New Energy Finance (BNEF) report forecast Japan’s solar industry to hit between 6.1GW and 9.4GW of installed capacity this year.

BNEF recorded Japan achieving a US$8.2 billion surge in investment. Small-scale solar investment in Japan reached US$6.7 billion in Q1 2013, more than double a year earlier.