Japan Solar Photovoltaic (PV) Market Analysis by Size, Installed Capacity, Power Generation, Regulations, Key Players and Forecast to 2035

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Japan Solar Photovoltaic (PV) Market Report Overview

The cumulative installed capacity for solar PV in Japan was 84.91 GW in 2022. It is expected to achieve a CAGR of more than 6% during 2022-2035. The Japan Solar Photovoltaic (PV) market research report offers comprehensive information and understanding of the solar PV market in Japan. The report discusses the renewable power market in the country and provides forecasts up to 2035.

Japan Solar PV Market Outlook, 2022-2035 (GW)

Japan Solar PV Market Outlook, 2022-2035 (GW)

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The report highlights installed capacity and power generation trends from 2010 to 2035 in the country’s solar PV market. Detailed coverage of the renewable energy policy framework governing the market is also provided in the report. The report provides company snapshots of some of the major market participants as well.

Cumulative Installed Capacity (2022) 84.91 GW
CAGR (2022-2035) >6%
Historical Period 2010-2022
Forecast Period 2023-2035
Key Deal Types ·       Debt Offerings

·       Venture Financing

·       Acquisition

·       Equity Offerings

·       Partnerships

·       Asset Transactions

Key Active Plants ·       Sakuto Solar PV Park

·       Setouchi Kirei Solar PV Park

·       Eurus Energy-Rokkasho solar PV Park

·       Bizen Solar PV Park

·       Nishimuro-gun Solar PV Park

Key Companies ·       Tokyo Electric Power Co Holdings Inc (TEPCO)

·       Shikoku Electric Power Co Inc (Yonden)

·       Kyushu Electric Power Co Inc (Kyushu Electric)

·       Renova Inc

·       Daiwa Energy & Infrastructure Co Ltd (DEI)

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Japan Solar PV Market Segmentation by Deal Types

The key deal types in the Japan solar photovoltaic market are debt offerings, venture financing, acquisition, equity offerings, partnerships, and asset transactions. Most of the deals were closed by debt offerings in the solar PV market of Japan in 2022.

Japan Solar PV Market Analysis by Deal Types, 2022 (%)

Japan Solar PV Market Analysis by Deal Types, 2022 (%)

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Japan Solar PV Market - Major Active Plants

Some of the major active plants in the Japan solar photovoltaic market are Sakuto Solar PV Park, Setouchi Kirei Solar PV Park, Eurus Energy-Rokkasho Solar PV Park, Bizen Solar PV Park, and Nishimuro-gun Solar PV Park among others. As of 2023, Sakuto Solar PV Park has the highest total capacity.

Japan Solar PV Market Analysis by Active Plants, 2023 (%)

Japan Solar PV Market Analysis by Active Plants, 2023 (%)

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Japan Solar PV Market – Competitive Landscape

The key companies in the Japan solar photovoltaic market are Tokyo Electric Power Co Holdings Inc (TEPCO), Shikoku Electric Power Co Inc (Yonden), Kyushu Electric Power Co Inc (Kyushu Electric), Renova Inc, and Daiwa Energy & Infrastructure Co Ltd (DEI).

Tokyo Electric Power Co Holdings Inc (TEPCO): It, a subsidiary of the 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 a 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.

Japan Solar PV Market Analysis by Companies, 2023

Japan Solar PV Market Analysis by Companies, 2023

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Segments Covered in The Report

Japan Solar PV Market Deal Types Outlook (Cumulative Installed Capacity, GW, 2010-2035)

  • Debt Offerings
  • Venture Financing
  • Acquisition
  • Equity Offerings
  • Partnerships
  • Asset Transactions

Scope

This report provides:

  • 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, generation trends, 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 the country’s solar PV market.
  • Facilitate decision-making based on strong historical and forecast data for the 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.

Table of Contents

  • 1. Introduction
  • 1.1 Carbon Dioxide Emissions, Global, 2001–2022
  • 1.2 Primary Energy Consumption, Global, 2001–2022
  • 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, 2022 and 2035
  • – Renewable Power Market, Japan, Net Capacity Additions by Source, 2022-2035
  • – Renewable Power Market, Japan, Capacity Growth by Source, 2022-2035

  • 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, 2022-2035

  • 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, 2022
  • – Solar PV Market, Japan, Deal Volume vs. Deal Value, 2010–2022
  • – Solar PV Market, Japan, Split by Deal Type, 2022

  • 3.6 Solar PV Module Market, Japan, 2012-2026
  • – Solar PV Module Market, Japan, Market size by Type, 2012-2026

  • 4. Renewable Energy Policy Framework, Japan
  • 4.1 Renewable Energy Market, Overview
  • 4.2 Renewable Energy Targets
  • 4.3 Policy Snapshot
  • 4.4 Sixth Strategic Energy Plan, 2021
  • 4.5 Hydrogen Energy in Japan
  • 4.6 Japan Renewable Energy Policy Platform
  • 4.7 Amendment of the Renewable Energy Act (New Feed-in Tariff Act)
  • 4.8 Feed-in Tariffs for Renewable Energy
  • – Feed-in-Premium (FiP)

  • 4.9 Renewable Energy Auctions
  • – Solar PV Auctions
  • – Auction Analysis
  • – Offshore Wind Auctions
  • – Offshore Wind Bill

  • 4.10 RE 100
  • 4.11 Establishment of New Energy Development Organization
  • 4.12 Renewable Energy Certificates (REC) in Japan
  • 4.13 Act No. 89 of 2018
  • 4.14 Cool Earth-Innovative Energy Technology Program
  • 5. Solar PV Power Market, Japan, Company Profiles
  • 5.1 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

  • 5.2 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

  • 5.3 Renova Inc
  • – Renova Inc – Company Overview
  • – Renova Inc – Major Products and Services
  • – Renova Inc – Head Office

  • 5.4 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

  • 5.5 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

  • 6. Appendix
  • 6.1 Abbreviations
  • 6.2 Market Definitions
  • – Power
  • – Renewable Power
  • – Installed Capacity
  • – Electricity Generation
  • – Electricity Consumption

  • 6.3 Methodology
  • – Coverage
  • – Secondary Research
  • – Primary Research
  • – Modelling and Forecasting
  • 7. Contact Us

Table

Table 1: Carbon Dioxide Emissions from Energy Consumption, Global, 2001–2022

Table 2: Primary Energy Consumption, Global, 2001–2022

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 (%), 2022 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, 2022-2035

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, 2022-2035

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), 2010–2022

Table 16: Solar PV Market, Japan, Deals by Type, 2022

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: Policy Snapshot, Japan, 2022

Table 20: Upcoming Hydrogen Plants, Japan, 2022

Table 21: Renewable Energy Cost Reduction Targets, Japan (JPY/kWh and $/kWh), 2030

Table 22: Renewable Energy Feed-in Tariffs, Japan (JPY/kWh and $/kWh), 2022

Table 23: FiTs and FiPs Eligibility by Year, Japan, 2022

Table 24: Renewable Energy Market, Japan, Solar PV Auctions

Table 25: Renewable Energy Market, Japan, Offshore Wind Auctions

Table 26: Renewable Energy Market, Renewable Energy Certificates, Japan

Table 27: Tokyo Electric Power Co Holdings Inc, Major Products and Services

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

Table 29: Renova Inc, Major Products and Services

Table 30: Kyushu Electric Power Co Inc, Major Products and Services

Table 31: Daiwa Energy & Infrastructure Co Ltd, Major Products and Services

Table 32: Abbreviations

Figures

Figure 1: Carbon Dioxide Emissions from Energy Consumption, Global, 2001–2022

Figure 2: Primary Energy Consumption, Global, 2001–2022

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 (%), 2022 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, 2022-2035

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, 2022-2035

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), 2010–2022

Figure 14: Solar PV Market, Japan, Split by Deal Type (%), 2022

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

Figure 17: Solar PV Auctions, Auctioned Capacity (MW) Vs. Awarded Capacity (MW), Japan, 2017-2022

Figure 18: Solar PV Auctions Bidding Price Comparison, Japan, 2017-2022

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