Japan Solar Photovoltaic (PV) Market Size and Trends by Installed Capacity, Generation and Technology, Regulations, Power Plants, Key Players and Forecast, 2022-2035

Pages: 69 Published: July 06, 2022 Report Code: GDAE7382IDB

Japan solar photovoltaic (PV) market cumulative installed capacity was 77.95 GW in 2021. The market is expected to grow at a CAGR of more than 5% during 2021-2035. Japan solar PV market research report discusses the renewable power market in the country and provides forecasts up to 2035. The report highlights installed capacity and power generation trends from 2010 to 2035 in the country’s solar PV market. A detailed coverage of renewable energy policy framework governing the market is provided in the report. The report also provides company snapshots of some of the major market participants.

Japan Solar Photovoltaic (PV) Market Size

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Key Deal Type in the Japan Solar PV Market

Key deal types in the Japan solar PV market are asset transactions, debt offerings, partnerships, acquisition, and venture financing.  Debt offerings have the highest share.

Japan Solar Photovoltaic Market (PV) Market, by Deal Type

Japan Solar Photovoltaic Market (PV) Market, by Deal Type

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Major Active Plants in the Japan Solar PV Market

  • Sakuto Solar PV Park
  • Setouchi Kirei Solar PV Park
  • Eurus Energy Rokkasho solar PV Park
  • SoftBank Tomatoh Abira Solar Park
  • Softbank Yakumo Solar PV Park
  • Ako Mega Solar Power Plant
  • Kanoya Osaki Solar Hills PV Park
  • Cherry Lake Solar PV Park

Key Companies in the Japan Solar PV Market

Tokyo Electric Power Co Holdings Inc – Tokyo Electric Power Co Holdings Inc (TEPCO), a subsidiary of Nuclear Damage Compensation and Decommissioning Facilitation Corporation of Japan is an energy utility. It generates, transmits and distributes electricity, transports fuel, and retails electricity and gas. The company produces power using LNG, heavy oil, crude oil, coal, NGL, LPG, city gas, solar, wind and hydro sources. TEPCO has presence in the entire fuel life cycle, from the procurement of fuel to power generation and sales. It also has interests in various power generation projects and energy related projects other than power generation; and provides consulting services.

Shikoku Electric Power Co Inc – Shikoku Electric Power Co Inc (Yonden) is an electric utility. It generates electricity, transmits and distributes that on retail and wholesale basis. The company produces power using the heavy oil, coke oven gas, LNG, woody biomass, crude oil, coal, nuclear, wind, hydro and solar sources. Yonden also carries out the construction and engineering related activities for civil and power supply related facilities; cable TV broadcasting and telecommunication activities; sale and engineering of electric hot water heaters and air-conditioning systems and electric appliances; and real estate activities.

Renova Inc – Renova Inc (Renova) formerly Recycle One Inc, is a renewable energy developer and power producer. It owns, develops and operates solar PV, biomass, wind, and geothermal power plants. The company’s power plants portfolio includes Suigo-Itako Solar, Kikugawa-Ishiyama Solar, Futtsu Solar, Kikugawa-Horinouchiya Solar, Kikugawa-Ishiyama Solar, and Kokonoe Solar, among others. Renova offers various services from planning to operation of power generation projects. It also transports equipment, manages civil engineering, monitors the status of operation and offers maintenance services.In addition, renewable energy development and management supports establishment and opening of a new renewable energy power plant and supports operation after opening. Renova is headquartered in Tokyo, Japan.

Kyushu Electric Power Co Inc – Kyushu Electric Power Co Inc (Kyushu Electric) generates electricity, distributes power systems, constructs, maintains, and repairs power generation facilities. It receives stores, vaporizes, delivers, and sells liquefied natural gas (LNG); and purchases, operates, charters and rents LNG carriers. The company generates electricity from various sources including nuclear, thermal, hydroelectric, geothermal, internal combustion, wind, solar, and biomass sources. Kyushu Electric’s non-energy businesses include IT and telecommunications, environmental and recycling businesses as well as lifestyle-oriented services.

Daiwa Energy & Infrastructure Co Ltd – Daiwa Energy & Infrastructure Co Ltd (DEI), a subsidiary of Daiwa Securities Group Inc, invests in renewable energy and infrastructure projects. The company develops and operates solar, wind, geothermal, biomass and hydro power plants for its customers. DEI focuses on core infrastructure projects such as power and water networks, communication, ports, airports, and transportation and its peripheral assets, such as satellite communication technology. The company forms capital alliances with other companies for brownfield to greenfield projects, co-invests and offers access to financial products and solutions supported by energy and infrastructure plants.

Market report overview

Market size 2021 77.95 GW
CAGR% (2021-2035) >5%
Key deal type Asset Transactions, Debt Offerings, Partnerships, Acquisition, and Venture Financing
Major active plants Sakuto Solar PV Park, Setouchi Kirei Solar PV Park, Eurus Energy Rokkasho solar PV Park, SoftBank Tomatoh Abira Solar Park, Softbank Yakumo Solar PV Park, Ako Mega Solar Power Plant, Kanoya Osaki Solar Hills PV Park, and Cherry Lake Solar PV Park
Key companies Tokyo Electric Power Co Holdings Inc, Renova Inc, Kyushu Electric Power Co Inc, Daiwa Energy & Infrastructure Co Ltd

Scope

The report analyses Japan solar photovoltaic (PV) market. The scope of the research includes –

  • A brief introduction on global carbon emissions and global primary energy consumption.
  • An overview of the country’s renewable power market, highlighting installed capacity trends (2010-2035), generation trends (2010-2035), and installed capacity split by various renewable power sources.
  • Detailed overview of the country’s solar PV market with installed capacity and generation trends, and major active and upcoming solar PV projects.
  • Deal analysis of the country’s solar PV market.
  • Key policies and regulatory framework supporting the development of solar PV.
  • Snapshots of some of the major market participants in the country.

Reasons to Buy

  • The report will enhance your decision-making capability in a more rapid and time sensitive manner.
  • Identify key growth and investment opportunities in country’s solar PV market.
  • Facilitate decision-making based on strong historic and forecast data for solar PV market.
  • Position yourself to gain the maximum advantage of the industry’s growth potential.
  • Develop strategies based on the latest regulatory events.
  • Identify key partners and business development avenues.
  • Understand and respond to your competitors’ business structure, strategy and prospects.

Key Players

Tokyo Electric Power Co Holdings Inc, Shikoku Electric Power Co Inc, Renova Inc, Kyushu Electric Power Co Inc, Daiwa Energy & Infrastructure Co Ltd

Table of Contents

Table of Contents

1. Introduction

1.1 Carbon Dioxide Emissions, Global, 2001–2021

1.2 Primary Energy Consumption, Global, 2001–2021

1.3 Report Guidance

2. Renewable Power Market, Japan

2.1 Renewable Power Market, Japan, Installed Capacity, 2010-2035

– Renewable Power Market, Japan, Cumulative Installed Capacity by Source, 2010-2035

– Renewable Power Market, Japan, Cumulative Installed Capacity Share by Source, 2021 and 2035

– Renewable Power Market, Japan, Net Capacity Additions by Source, 2022-2035

– Renewable Power Market, Japan, Capacity Growth by Source, 2021-2035

2.2 Renewable Power Market, Japan, Power Generation, 2010-2035

– Renewable Power Market, Japan, Power Generation by Source, 2010-2035

– Renewable Power Market, Japan, Growth in Power Generation by Source, 2021-2035

3. Solar PV Market, Japan

3.1 Solar PV Market, Japan, Installed Capacity, 2010-2035

3.2 Solar PV Market, Japan, Power Generation, 2010-2035

3.3 Solar PV Market, Japan, Market Size, 2010-2030

3.4 Solar PV Market, Japan, Power Plants

– Solar PV Market, Japan, Major Active Plants

– Solar PV Market, Japan, Snapshot of Upcoming Plants

– Solar PV Market, Japan, Key Under-construction Projects

3.5 Solar PV Market, Japan, Deal Analysis, 2021

– Solar PV Market, Japan, Deal Volume vs. Deal Value, 2010–2021

– Solar PV Market, Japan, Split by Deal Type, 2021

4. Solar PV Module Market, Japan, 2012-2026

4.1 Solar PV Module Market, Japan, Market size by Type, 2012-2026

– Solar PV Module Market, Japan, Crystalline Modules, Market size, 2012-2026

– Solar PV Module Market, Japan, Thin-film Modules, Market size, 2012-2026

5. Renewable Energy Policy Framework, Japan

5.1 Renewable Energy Market, Overview

5.2 Renewable Energy Targets

5.3 Sixth Strategic Energy Plan, 2021

5.4 Hydrogen Energy in Japan

5.5 Japan Renewable Energy Policy Platform

5.6 Amendment of the Renewable Energy Act (New Feed-in Tariff Act)

5.7 Feed-in Tariffs for Renewable Energy

5.8 Renewable Energy Auctions

– Solar PV Auctions

– Offshore Wind Auctions

– Offshore Wind Bill

5.9 RE 100

5.10 Establishment of New Energy Development Organization

5.11 Renewable Energy Certificates (REC) in Japan

5.12 Act No. 89

5.13 Cool Earth-Innovative Energy Technology Program

6. Solar PV Power Market, Japan, Company Profiles

6.1 Tokyo Electric Power Co Holdings Inc

– Tokyo Electric Power Co Holdings Inc – Company Overview

– Tokyo Electric Power Co Holdings Inc – Business Description

– Tokyo Electric Power Co Holdings Inc – SWOT Analysis

– Tokyo Electric Power Co Holdings Inc – Major Products and Services

– Tokyo Electric Power Co Holdings Inc – Head Office

6.2 Shikoku Electric Power Co Inc

– Shikoku Electric Power Co Inc – Company Overview

– Shikoku Electric Power Co Inc – Business Description

– Shikoku Electric Power Co Inc – SWOT Analysis

– Shikoku Electric Power Co Inc – Major Products and Services

– Shikoku Electric Power Co Inc – Head Office

6.3 Renova Inc

– Renova Inc – Company Overview

– Renova Inc – Major Products and Services

– Renova Inc – Head Office

6.4 Kyushu Electric Power Co Inc

– Kyushu Electric Power Co Inc – Company Overview

– Kyushu Electric Power Co Inc – Business Description

– Kyushu Electric Power Co Inc – SWOT Analysis

– Kyushu Electric Power Co Inc – Major Products and Services

– Kyushu Electric Power Co Inc – Head Office

6.5 Daiwa Energy & Infrastructure Co Ltd

– Daiwa Energy & Infrastructure Co Ltd – Company Overview

– Daiwa Energy & Infrastructure Co Ltd – Major Products and Services

– Daiwa Energy & Infrastructure Co Ltd – Head Office

7. Appendix

7.1 Abbreviations

7.2 Market Definitions

– Power

– Renewable Power

– Installed Capacity

– Electricity Generation

– Electricity Consumption

7.3 Methodology

– Coverage

– Secondary Research

– Primary Research

– Modelling and Forecasting

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List of Tables

Table 1: Carbon Dioxide Emissions from Energy Consumption, Global, 2001–2021

Table 2: Primary Energy Consumption, Global, 2001–2021

Table 3: Renewable Power Market, Japan, Cumulative Installed Capacity by Source (GW), 2010-2035

Table 4: Renewable Power Market, Japan, Cumulative Installed Capacity Share by Source (%), 2021 and 2035

Table 5: Renewable Power Market, Japan, Net Capacity Additions by Source (GW), 2022-2035

Table 6: Renewable Power Market, Japan, Capacity Growth by Source, 2021-2035

Table 7: Renewable Power Market, Japan, Power Generation by Source (TWh), 2010-2035

Table 8: Renewable Power Market, Japan, Growth in Power Generation by Source, 2021-2035

Table 9: Solar PV Market, Japan, Installed Capacity (GW), 2010-2035

Table 10: Solar PV Market, Japan, Power Generation (TWh), 2010-2035

Table 11: Solar PV Market, Japan, Market Size ($m), 2010-2030

Table 12: Solar PV Market, Japan, Major Active Plants

Table 13: Solar PV Market, Japan, Snapshot of Upcoming Plants

Table 14: Solar PV Market, Japan, Key Under-construction Projects

Table 15: Solar PV Market, Japan, Deal Volume vs. Deal Value ($m), 2010–2021

Table 16: Solar PV Market, Japan, Deals by Type, 2021

Table 17: Solar PV Module Market, Japan, Crystalline Modules, Market Size ($m), 2012-2026

Table 18: Solar PV Module Market, Japan, Thin-film Modules, Market Size ($m), 2012-2026

Table 19: Renewable Energy Cost Reduction Targets, Japan (JPY/kWh and $/kWh), 2030

Table 20: Renewable Energy Feed-in Tariffs, Japan (JPY/kWh and $/kWh), 2022

Table 21: FiTs and FiTs Eligibility by Year, Japan, 2022

Table 22: Renewable Energy Market, Japan, Solar PV Auctions

Table 23: Renewable Energy Market, Japan, Offshore Wind Auctions

Table 24: Renewable Energy Market, Renewable Energy Certificates, Japan

Table 25: Tokyo Electric Power Co Holdings Inc, Major Products and Services

Table 26: Shikoku Electric Power Co Inc, Major Products and Services

Table 27: Renova Inc, Major Products and Services

Table 28: Kyushu Electric Power Co Inc, Major Products and Services

Table 29: Daiwa Energy & Infrastructure Co Ltd, Major Products and Services

Table 30: Abbreviations

List of Figures

Figure 1: Carbon Dioxide Emissions from Energy Consumption, Global, 2001–2021

Figure 2: Primary Energy Consumption, Global, 2001–2021

Figure 3: Renewable Power Market, Japan, Cumulative Installed Capacity by Source (GW), 2010-2035

Figure 4: Renewable Power Market, Japan, Cumulative Installed Capacity Share by Source (%), 2021 and 2035

Figure 5: Renewable Power Market, Japan, Net Capacity Additions by Source (GW), 2022-2035

Figure 6: Renewable Power Market, Japan, Capacity Growth by Source, 2021-2035

Figure 7: Renewable Power Market, Japan, Power Generation by Source (TWh), 2010-2035

Figure 8: Renewable Power Market, Japan, Growth in Power Generation by Source, 2021-2035

Figure 9: Solar PV Market, Japan, Installed Capacity (GW), 2010-2035

Figure 10: Solar PV Market, Japan, Power Generation (TWh), 2010-2035

Figure 11: Solar PV Market, Japan, Market Size ($m), 2010-2030

Figure 12: Solar PV Market, Japan, Snapshot of Upcoming Plants

Figure 13: Solar PV Market, Japan, Deal Volume vs. Deal Value ($m), 2010–2021

Figure 14: Solar PV Market, Japan, Split by Deal Type (%), 2021

Figure 15: Solar PV Module Market, Japan, Crystalline Modules, Market Size ($m), 2012-2026

Figure 16: Solar PV Module Market, Japan, Thin-film Modules, Market Size ($m), 2012-2026

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