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Japan’s Third-Quarter Domestic Solar Shipments Double, JPEA Says

Feb. 24 (Bloomberg) -- Japan, the world’s second-largest solar market, saw domestic shipments of cells and modules double in the fiscal third quarter as developers took advantage of government incentives.

Local shipments totaled 2,043 megawatts in the three months through December, compared with 1,003 megawatts a year earlier, the Japan Photovoltaic Energy Association said in a statement. Exports fell to 15 megawatts from 111 megawatts as growth in the Japanese market outpaced that in Europe.

The country’s solar industry is expanding after the government introduced subsidies for clean-energy developments, which also include wind, geothermal, hydropower and biomass, in July 2012. Japan added the most solar capacity after China last year, according to researcher Bloomberg New Energy Finance.

Japanese suppliers accounted for 70 percent of all modules shipped domestically last quarter, including 541 megawatts produced at plants abroad, the statement shows. Forty companies including Sharp Corp. and Panasonic Corp. contributed data.

To contact the reporter on this story: Chisaki Watanabe in Tokyo at cwatanabe5@bloomberg.net

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

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