• 3 minutes Could Venezuela become a net oil importer?
  • 7 minutes Reuters: OPEC Ministers Agree In Principle On 1 Million Barrels Per Day Nominal Output Increase
  • 12 minutes Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 14 hours Oil prices going Up? NO!
  • 2 hours Reuters: OPEC Ministers Agree In Principle On 1 Million Barrels Per Day Nominal Output Increase
  • 6 hours Renewables to generate 50% of worldwide electricity by 2050 (BNEF report)
  • 1 min The Tony Seba report
  • 2 hours Kenya Eyes 200+ Oil Wells
  • 1 hour Are Electric Vehicles Really Better For The Environment?
  • 1 day Oil prices going down
  • 10 hours Saudi Arabia turns to solar
  • 1 day Could oil demand collapse rapidly? Yup, sure could.
  • 22 hours China’s Plastic Waste Ban Will Leave 111 Million Tons of Trash With Nowhere To Go
  • 2 days Oil Buyers Club
  • 2 days Russia's Energy Minister says Oil Prices Balanced at $75, so Wants to Increase OPEC + Russia Oil by 1.5 mbpd
  • 2 hours OPEC soap opera daily update
  • 1 day Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 2 days Gazprom Exports to EU Hit Record
  • 1 day Tesla Closing a Dozen Solar Facilities in Nine States
Iranian Influence In Iraq Grows

Iranian Influence In Iraq Grows

Iranian influence in Iraq has…

Canada’s Oil Crisis Is Far From Over

Canada’s Oil Crisis Is Far From Over

While the Canadian government has…

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



Join the discussion | Back to homepage

Leave a comment
  • 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.

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News