What percentage of Japan's Energy is solar?

In 2022, solar energy accounted for 5.39% of Japan’s total energy mix and 9.91% of its electricity generation. In both cases, solar power in Japan holds the largest share of all renewable sources. This is a drastic contrast to even a decade ago when solar energy contributed less than 1% of the country’s energy.

Why is solar energy growing in Japan?

Moreover, solar energy has recently overtook hydropower in Japan as the biggest renewable energy source in electricity generation. All of this points to the growth of the Japanese solar energy industry. It is likely that the trend will continue as the government keeps promoting the transition to nuclear and renewable energy sources.

Is solar energy the future of Japan's Energy Strategy?

Solar energy in Japan is emerging as a cornerstone of Japan’s strategy to meet its ambitious long-term sustainability goals. The Sixth Strategic Energy Plan aims for carbon neutrality by 2050 with an interim goal of 36-38% of energy from renewables by 2030.

Is solar energy a good investment in Japan?

In 2015, investment in clean energy in Japan was at $31.05 billion. This figure decreased every year and was only at $15.87 billion in 2019. However, 2020 saw an increase to $18.23 billion. Overall, the Japanese public views solar energy in a positive light.

How many solar power plants are there in Japan?

In 2021, there were over 3.7 thousand solar power plants in Japan – more power stations than any other renewable energy source in the country (Miyagi prefecture is leading with 565 electric power stations). Moreover, solar energy has recently overtook hydropower in Japan as the biggest renewable energy source in electricity generation.

Will Japan's solar energy industry grow in 2029?

Overall, the growth potential for Japan’s solar energy sector is immense, which will help spur the country’s domestic PV industry. Forecasts suggest the solar energy market will see a compound annual growth rate of 9.2% until 2029.