Key Market Indicators
Japan's solar energy consumption is projected to hit approximately 1.6 exajoules by 2028, a significant increase from the 1.1 exajoules consumed in 2023. This marks an annual growth rate of 6.1%. Historical data indicates that Japanese demand for solar energy has been on a steady rise, increasing by 12.4% each year since 2001. In terms of solar capacity, Japan is set to reach around 105,650 megawatts by 2028, up from 83,420 megawatts in 2023. This reflects an average yearly growth rate of 3.7%. Since 2001, the country's solar supply has shown consistent growth, expanding by 8.2% annually.
