japan

Sharp has launched four new PV modules for the rooftop solar sector, which include two bifacial modules with an output as high as 450W.

Toyo Solar has announced plans to build a 2GW module manufacturing plant in the US, which it plans to commission next year.

Rinnai Australia, owned by Japanese appliance manufacturer Rinnai Corporation, has expanded into the solar PV and energy storage space by acquiring Smart Energy Group.

EneCoat Technologies has raised JPY5.5 billion (US$35 million) in Series C financing to support research into perovskite solar cells.

Enfinity Global secures US$164 million for 250MW projects in JP

The US generated 236.12TWh of power last year, while in Germany over 12% of power was produced by solar, the highest among all G7 countries.

Danish investment bank Obton has established a JV with renewables investment firm GSSG Solar to acquire a 117MW solar portfolio in Japan.

Solar and storage are playing a key role in Japan's push towards energy security, according to Uranulzii Batbayer and Aniket Autade of Rystad.

The Asia-Pacific region stands to benefit from localised balance of system manufacturing in its solar industry, the IEEFA said.

The Japanese government needs to triple its installed renewables capacity to at least 363GW by 2035 to achieve its 2050 net zero target.