Japan’s Solar PV Market Overview（日本太阳能光伏市场概述）.pdfVIP

Japan’s Solar PV Market Overview November 2015 Louis du Plessis Energy Environment Specialist JETRO London ©2015 JETRO 1 Japan Power Market Snapshot  World’s third largest economy and second largest electricity market in the OECD.  Prior to the Fukushima Daiichi Nuclear Accident – power generation mix was dominated by fossil fuels (c.60%) and nuclear (c.30%).  Post Fukushima Daiichi Nuclear Accident – big increase in fossil fuel imports for thermal generation leading to:  Increasing electricity prices  High dependency on imports  Increase in Japan’s greenhouse gas emissions  Energy policy has shifted – to reduce dependency on fossil fuels and secure energy supply:  Changing power generation mix: Shift away from nuclear and thermal power generation towards renewable energy, and expanding the mix of renewable power sources  Market liberalization: Liberalization of power generation, liberalization of retail supply, ensuring independence / fairness of transmission and distribution  Rising awareness of energy conservation: Efforts towards increased efficient energy usage. 2 ©2015 JETRO A Changing Generation Mix  Japan is looking to expand its renewable energy use to reduce its dependency on fossil fuels and secure energy supply. Pre-Fukushima energy mix Govt. base case energy mix by 2030 Renewables 10% Nuclear