, Japan
Source: Los Muertos Crew (Pexels)

Solar to see strongest growth in Japan’s power sector

It is expected to rise to 113GW in 2031.

Solar power is projected to record the “greatest” growth in this decade, driven by Japan’s renewables policy support, Fitch Solutions reported. 

In a report, Fitch projected that the country’s solar power sector could grow to 113 gigawatts in 2031 from 71GW in end-2021.

“This is mainly supported by auction schemes that offer feed-in-tariffs and feed-in-premiums depending on the size of the project,” the report read in part. 

“The highest and lowest bids for these auctions have experienced drops over the past auctions, and we believe this reflects the increasing attractiveness of the government's plan to reduce solar installation costs.”

Read more: Vena Energy’s 47MW wind project in Japan goes online

In addition, Fitch noted the sector was also boosted by the solar rooftop mandate Tokyo implemented in December 2022, applicable to homes that will be built after April 2025. 

“While this affects solar installations for the latter half of the decade, we believe that this move by Japan's largest city will set the precedence for other municipalities to follow, especially since it is the first of its kind to be passed in the market.”


Follow the link for more news on

Join Asian Power community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!


PLN Icon Plus provides bundling solutions to expand PV Rooftop services
The company utilised the PLN app, downloaded by 43 million users, to streamline installations and monitor energy consumption efficiently.  
Cambodia’s 18-year energy plan sets ambitious targets for renewables
To attain energy security, Cambodia will have to overcome investment challenges, cut wasteful consumption, and review pricing policies.