Based on the provided data, solar energy generation in Japan is forecasted to grow significantly. The actual data for 2023 stands at X Terawatthours. The forecasted values indicate an upward trend with generation increasing from 124.75 Terawatthours in 2024 to 168.79 Terawatthours in 2028. This translates to a year-on-year growth of approximately 8.8% from 2024 to 2025, 8.1% from 2025 to 2026, 7.5% from 2026 to 2027, and 6.9% from 2027 to 2028. The compound annual growth rate (CAGR) over these five years is expected to be Y%.
Future trends to watch for:
- Technological advancements in solar panel efficiency.
- Government policies and subsidies supporting renewable energy.
- Market demand fluctuations influenced by energy prices and environmental regulations.