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$1 Trillion Money Manager Downplays The OPEC Deal

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Japan Now has the Third Largest Solar Capacity in the World

KuicK Research, the international market research firm, recently compiled a report titled, the Japan Solar Power Sector Analysis. They found that Japan accounted for seven percent of the world’s total installed PV capacity, giving them the third largest solar installed PV capacity in the world, with nearly 5GW.

Following the disaster at the nuclear power plant at Fukushima early last year, Japan shut down its entire nuclear sector, meaning that it lost 30% of its energy generation capacity. With no significant oil, gas or coal reserves of its own, Japan has turned to alternative sources of energy in its attempts to replace the lost capacity. Solar has developed the most due to a new feed in tariff structure which grants solar developers in Japan with one of the highest solar tariffs in the world. In 2011 alone the industry set its new record after there was 1GW of capacity installed.

Japan is still behind Germany and Italy for amount of total capacity, yet with the feed in tariff and other plans to fast track solar, it is expected to experience significant growth in the years to come.

Since the new structure encouraging renewable energy development was introduced more than 99% of the approved projects have been solar.

By. James Burgess of Oilprice.com



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  • Minwoo Kim on September 18 2012 said:
    The World Goes Solar. Japan's FiT in July is among the highest in the world. It's clear that Japan's FiT will shake the solar market. Now, US has the same options. New solutions will be showed in Japan. This is it!
    As you know, earthquake in Japan is happening frequently. Floating solar panels installation is one of the best solutions for power crisis in Japan. So you have to reduce vibration to install Floating solar panels. Because, it makes many kinds of problems! Vibrations caused by wind, waves and external forces. New Floating Body Stabilizer for Floating solar panels installation has been created in South Korea. The Floating Body Stabilizers generate drag force immediately when Floating solar panels are being rolled and pitched on the water. Recently, these Floating Body Stabilizers have been used to reduce vibration of Floating Solar Panels in South Korea. You can see New Floating Body Stabilizer videos in YouTube. http://youtu.be/O2oys_YHhCc, http://www.youtube.com/watch?v=nA_xFp5ktbU&feature=youtu.be.

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