Japan Domestic Solar Shipments More Than Doubled in Fiscal 2013

Japan’s domestic shipments of solar modules more than doubled last fiscal year as solar panels spread from rooftops to land once used for golf courses.

Local shipments rose to 8,546 megawatts in the year ended March 31, from 3,809 megawatts a year ago, the Japan Photovoltaic Energy Assocation said on its website.

Japan’s solar demand is being buoyed by an incentive program for clean energy introduced in July 2012. Solar has accounted for most of the added renewable capacity because solar power plants need less time to set up compared with geothermal and wind projects which need environmental impact assessments.

For the three months to March 31, domestic solar shipments rose to 2,775 megawatts, from 1,734 megawatts a year ago, according to the association.

Data was compiled from 44 companies including Panasonic Corp. (6752) and Sharp Corp. (6753)

Japan’s solar market will be the second largest after China in new installations this year with 9,300 megawatts to 11,755 megawatts, according to a Bloomberg New Energy Finance report released on May 15.

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

To contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net Iain Wilson, Keith Gosman

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