Japan Solar Power Generation Market to Hit Valuation of US
Japan''s solar capacity reached 100 GW in 2024, buoyed by feed-in premiums and GX incentives. Automotive chargers, steel PPAs, and 200,000 rooftops intensify adoption
OCCTO auction granted 1.2 GW storage, bolstering grids and national market momentum.Chicago, July 11, 2025 (GLOBE NEWSWIRE) -- The Japan solar power generation market was valued at US$ 3.32 billion in 2024 and is expected to reach US$ 12.21 billion by 2033, growing at a CAGR of 8.15% during the forecast period 2025–2033.
METI will also set the rates for solar power generation for homes at 24 yen (up to 4 years) and 8.3 yen (5 to 10 years), and the rates for solar power generation for businesses (roof installation) at 19 yen (up to 5 years) and 8.3 yen (6 to 20 years). Bidding will be conducted to decide the FY2025 purchase price.
Japan's solar capacity reached 100 GW in 2024, buoyed by feed-in premiums and GX incentives. Automotive chargers, steel PPAs, and 200,000 rooftops intensify adoption nationwide. OCCTO auction granted 1.2 GW storage, bolstering grids and national market momentum.
As policy, technology, and decarbonization goals converge, Japan is positioning energy storage as a critical link between its climate targets and energy reliability. Japan's energy storage policy is anchored by the Ministry of Economy, Trade and Industry (METI), which outlined its ambitions in the 6th Strategic Energy Plan, adopted in 2021.
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