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Japan Market for Large-Scale Solar to Drop After 2014, Yano Says

Japan’s market for solar panels used in industrial-sized projects is expected to contract quickly after fiscal 2014 due to a lack of space and fewer incentives, Yano Research Institute said.

By fiscal 2020, demand for utility-scale and commercial solar systems will contract to 200.7 billion yen ($2.03 billion) after reaching 2.3 trillion yen in fiscal 2014, the Tokyo-based researcher forecast in a Sept. 24 statement. Japan’s fiscal year starts on April 1.