Japan has become one of the three largest solar installation markets globally. It is putting almost $20 billion annually into new solar developments that are bringing 8 gigawatts (GW) of solar-powered electricity online per year. You could say it’s living up to its nickname as the Land of the Rising Sun. Our research finds that Japan was one of the three largest solar installation markets globally in 2014 and again in 2015. IEEFA estimates 2015 installs reached 8 gigawatts (China was No. 1 with 15 GW of installs last year, and the U.S. is estimated to have installed 7.5 GW). Total Japanese solar installations are estimated to have reached nearly 30 GW at the end 2015, on track to exceed 50 GW by 2020 (76GW of solar was approved as at the start of 2015).
Renew Economy 9th March 2016 read more »