Forecast: Share of Renewable Electricity Generation in Japan

The share of renewable electricity generation in Japan is projected to increase gradually from 2024 to 2028, starting at 19.52% and reaching 21.14% of total electricity output. This reflects a consistent year-on-year growth trend of approximately 2% to 2.1%. In comparison to the 2023 level of 18.75% (actual), these forecasts indicate a gradual but steady rise through 2028, resulting in a compound annual growth rate (CAGR) of approximately 1.9% over the five-year period.

Future trends to watch for:

• Technological advancements in solar and wind energy could accelerate this growth.
• Government policies aimed at reducing carbon emissions may incentivize further investments in renewable energy.
• Potential economic and geopolitical factors, such as energy security, might influence Japan's commitment to increasing renewable energy production.