Will overtake Germany this year.
Japan will become the world’s largest solar market by annual installations this year as government incentives to encourage clean energy after the Fukushima nuclear disaster continues to attract growing investments.
Developers are to install from 6.9 gigawatts to 9.4 gigawatts of solar in 2013. Germany led solar installations in 2012 with 7.6 gigawatts of capacity, said Bloomberg New Energy Finance.
Japan Photovoltaic Energy Association announced that Japan’s domestic shipments of solar modules rose 73% in the first three months of the year compared with the previous quarter, according to the report.
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