16 Sep '13, 1pm

Recharged Japan Solar PV Industry Hits 10 GW of Installed Capacity

The First GW PV Country in 2004 This new landmark for the Japanese solar industry comes nine years after Japan was crowned the first country to break through 1 GW of cumulative solar PV, back in 2004. The Ministry of Economy, Trade and Industry (METI) launched a subsidy program for residential PV systems as far back as 1994. Initially, the subsidy covered 50 percent of the cost of PV systems. The budget for FY 1994 was 2 billion Yen. Until 2005, Japan had the largest installed PV capacity of any country in the world. This early leadership position was achieved through a well-managed set of programs, coupled with attractive market incentives. The early growth of the Japanese PV market was a strong factor in establishing Japanese manufacturing as the first dominant force in the solar PV industry. Manufacturers that benefited from the first phase of government initiatives inc...

Full article: http://www.renewableenergyworld.com/rea/news/article/2013...

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