Solar Shipments in Japan Drop First Time Since 2012 Incentives

Shipments of solar panels in Japan fell 13 percent in the three months to June 30, a sign the market may be cooling three years after the country introduced generous incentives to boost the industry.

It’s the first year-on-year decline for shipments of solar products since the October-December period in 2012, according to the Japan Photovoltaic Energy Association, which released the data on Monday.

Companies shipped 1,737 megawatts of panels in the first quarter, 39 percent lower compared with the previous quarter, according to a statement from the association. Shipments include a small number of panels produced for markets outside Japan.

Japan introduced an incentive program for clean energy in July 2012 to diversify its energy sources, leading to a boom in the solar industry.

The group compiled data from 39 companies including Sharp Corp. and Kyocera Corp.

©2015 Bloomberg News

Lead image: Japanese houses Credit: Shutterstock.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs