Japan Set to Overtake Germany as World’s Largest Solar Market

[FBaggins]

Japan is set to overtake Germany as the world’s largest solar market by annual installations this year as government incentives to encourage clean energy after the Fukushima nuclear crisis attract investment.

Developers may install 6.9 gigawatts to 9.4 gigawatts of solar in 2013, according to data compiled by Bloomberg. Germany led solar installations in 2012 with 7.6 gigawatts of capacity.

The outlook from Bloomberg New Energy Finance revises the lower end of a forecast by the London-based researcher, which earlier called for Japan to install 6.1 gigawatts to 9.4 gigawatts of capacity. Based on the most conservative estimates, BNEF previously said China would edge out Japan as the world’s largest market this year.

The change comes after the Japan Photovoltaic Energy Association announced that Japan’s domestic shipments of solar modules rose 73 percent in the first three months of the year compared with the previous quarter, according to the report.

http://www.bloomberg.com/news/2013-06-04/japan-set-to-overtake-germany-as-world-s-largest-solar-market.html

[FogerRox]

1. 73% increase in domestic production,,,, hmmmm

[FBaggins]

2. In the ballpark of last year

With a 20 year incentive that high... the only limit will be how fast they can install them.

[rhett o rick]

3. And President is nominating Republican after Republican like there is no tomorrow.

Good luck for solar in the future here in conservative land.