Renewables Update

SOLAR POWER IN JAPAN: FROM THE GROUND-UP

21 February 2014 Michael Rogol, CEO, PHOTON Consulting

From the top looking down, Japan's solar power sector looks healthy. The annual revenue pool of new solar power system installations in Japan increased from $1bn/year in calendar year 2008 to $6bn in 2010 and $10bn in 2012. The sector again grew significantly in 2013, reaching revenue of $25bn, and is on a path to achieve $28bn in 2014. This equates to impressive average spending in 2014 of ~$220/person across Japan's population, up from only ~$12/person in 2008. This may be the largest category of new spending in the entire Japanese economy.

SOLAR POWER IN JAPAN: FROM THE GROUND-UP