Japan: will manage to be the second largest solar power?

japan_sun_poster-p228131688503878231tdcp_400Its reputation as ‘the land of the Rising Sun’ begins to confirm Japan as it is expected to become the second largest solar power after China, later this year. 

According to the forecasts of IMS Research, Japan will install this year solar power systems over 5GW, which will lead at a 120% increase compared to 2012. Bloomberg New Energy Finance anticipates an increase in the installed capacity of PV in only 6,1 GW to 9,4 GW in the year, surpassing earlier forecasts 3,2 GW-4GW. 

This increase seems to be triggered mainly by the presence of feed-in tariffs. “The feed-in tariffs in Japan are by far the most attractive worldwide – probably too generous – something that could lead to ‘overheat’ the market,” warns on a written statement the director of IMS Let Sarma. “Although the main industry players expect a reduction of 10%, this will hardly affect the internal rates of return and the market demand.” 

The report from IMS forecasts that up to one quarter of the new power plant will be more than 2MW. For 2014, it expects a smaller number of large projects, mainly due to lack of suitable premises.

Shinzo Abe
Shinzō Abe

The optimistic forecasts are associated with the efforts of Japan to turn to alternative energy sources following the earthquake and tsunami of 2011 that triggered the nuclear disaster in Fukushima. The accident led to sleep almost all reactors, from which the country accounted for almost one third of its energy needs. The government of Shinzō Abe in favor of reopening the reactors after imposing new safety standards, which are expected to announce an independent panel of experts in July.

Source naftemporiki.gr

2 thoughts on “Japan: will manage to be the second largest solar power?

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s