30 May '13, 7pm

Japan set to become this year's largest #solar revenue market

Japan's solar installations in gigawatts surged by 270% in the first quarter of this year (Q1'13), positioning the country to surpass Germany to become the world's largest photovoltaics market in terms of revenue this year, according to a new report by IHS Inc. Although Japan is forecast to install fewer gigawatts this year than China, which is forecast to install the most solar capacity this year, the high prices of PV systems in Japan will drive it to become the world’s largest market in revenue terms. Japan is forecast to install $20 billion worth of PV systems this year, up 82% from $11 billion in 2012. In contrast, the global market is set for tepid 4% growth. According to the report, a total of 1.5 GW worth of PV systems were installed in Japan in Q1'13, up from 0.4 GW during the same time last year. Japan's share of global PV system revenue is forecast to rise to 24...

Full article: http://www.solarindustrymag.com/e107_plugins/content/cont...

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