Report: Japan to be 2013 largest global market

  • IHS recently forecast Japan to install US$20 billion worth of PV systems in 2013. Image: Mj-bird
    IHS recently forecast Japan to install US$20 billion worth of PV systems in 2013. Image: Mj-bird

Japan is set to overtake China and Germany with installations to reach between 6.9GW and 9.4GW this year.

The outlook from Bloomberg New Energy Finance revises the lower end of a forecast which earlier predicted Japan to install 6.1GW to 9.4GW of capacity in 2013 with China to lead the way.

BNEF’s revision comes after the Japan Photovoltaic Energy Association announced that Japan’s domestic shipments of solar modules rose 73% in the first three months of the year compared to the previous quarter. Solar PV is currently the most popular renewable energy in the country, having increased by 1,329MW betweem 1 April 2012 and 31 January 2013.

The rise in shipments is due to the “generous” rate solar power producers receive in an incentive programme that started in July, according to BNEF. Japan’s solar tariff is currently 37.8 yen (US$0.38) per kilowatt hour for 20 years, more than twice the tariffs on offer in China and Germany.

China will add 6.3GW to 9.3GW of solar this year, trailed by the US at 3.7GW to 4.3GW, according to BNEF’s estimates.

“Unless the Chinese government moves very quickly to clarify its solar premiums for roof-mounted projects, or Japanese project developers move more slowly than expected, Japan will be the world’s largest PV market in 2013,” BNEF said.

IHS recently forecast Japan to install US$20 billion worth of PV systems in 2013, up 82% from US$11 billion in 2012.


Preview Latest
We won't share your details - promise!


  • Photovoltaics International 23rd Edition

    This issue of Photovoltaics International, our 23rd, offers key insights into some of the technologies that are ready to move from lab to fab in support of these goals. ISC Konstanz offer a glimpse of what the low-cost, high-efficiency solar cells of the future might look like. On page 35 the institute’s authors give an overview of what they call Konstanz’ “technology zoo”, encompassing their so-called BiSoN, PELICAN and ZEBRA cell concepts, all of which are aimed at increasing energy yield at the lowest possible cost.

  • Manufacturing The Solar Future: The 2013 Production Annual

    In the ever-changing global solar markets, cost reduction and measures to increase cell efficiencies are the key tools available to PV manufacturers to create new opportunities and drive your business to the next level. Manufacturing the Solar Future 2013 is the third in the Photovoltaics International PV Production Annual series, delivering the next instalment of in-depth technical manufacturing information on PV production processes designed to help you gain the competitive edge.



Solar Media