Japan Quarterly Domestic Solar Shipments Rise Almost Four Times

Japan’s domestic shipments of solar cells and modules surged almost four times in the fiscal first quarter, the Japan Photovoltaic Energy Association said.

Local shipments totaled 1,654 megawatts in the three months ended June 30, compared with 445 megawatts in the same period last year, the group said in a statement today.

Imports, which are accounted for in the domestic shipments results, increased almost nine times to 1,133 megawatts, according to the group. Exports fell 79 percent to 35 megawatts.

Japan began offering above-market rates to clean energy producers in July 2012 to spur investment in renewables such as solar and wind after the 2011 Fukushima nuclear accident.

The data was compiled from 38 companies including Sharp Corp., Kyocera Corp. (6971), Suntech Power Japan Corp., and Trina Solar (Japan) Ltd.

To contact the reporters on this story: Chisaki Watanabe in Tokyo at cwatanabe5@bloomberg.net; Masumi Suga in Tokyo at msuga@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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