Japan’s domestic shipments of solar-power devices will exceed 2.5 gigawatts in the year ending March 2013, said Mikio Katayama, chairman of the Japan Photovoltaic Energy Association, at a press conference.
Japanese companies may wait to invest in clean energy technology until the government determines renewable energy tariffs and a framework for deregulating the nation’s power industry, long monopolized by regional utilities.
Japanese domestic shipments of solar panels may increase by as much as 10 times in “a fairly short period” after the government approved renewable energy subsidies, a solar industry group’s chairman said.
Panasonic Corp. and Sharp Corp., makers of Japan’s most popular appliances and televisions, are accelerating their shift toward energy-saving devices after this year’s earthquake led to nationwide power shortages.
Japan is poised to overtake Germany and Italy to become the world’s second-biggest market for solar power as incentives starting July 1 drive sales for equipment makers from Yingli Green Energy Holdings Co. to Kyocera Corp.