- Language: English
- 28 Pages
- Published: July 2012
- Region: Kenya
Japan Renewables Report Q1 2013
- Published: October 2012
- Region: Japan
- 35 Pages
- Business Monitor International
The Japan Renewables Report provides industry professionals and strategists, corporate analysts, banking associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Japan's renewables industry.
We have been bullish towards Japan renewables ever since the passing of a Feed-in Tariff (FiT) scheme in July 2012, and our forecasts for the sector remain relatively unchanged in Q412.
However, we highlight that macroeconomic, political and sector-specific dynamics have prompted us to change our broader outlook for the power sector, especially in regards to electricity consumption and nuclear energy. Whilst these changes somehow support the outlook for the renewables sector, we see possible changes in FiTs and increases in global natural gas supply as pertinent downside risks.
We have revised down our growth forecasts for non-hydropower renewable energy generation to 9.4% in 2013 (from a previous forecast of 10.8%). This is because we expect a decrease in the solar FiT and for some of the nuclear reactor to restart. We continue to expect growth in solar energy (43%) to outstrip other renewable technologies, owing to the technology's accessibility.
We believe that renewable energy will continue to be attractive in the long run, and are forecasting nonhydropower renewable generation to grow at an average rate of 8.1% between 2013 and 2021. Our view is underpinned by the continuing strong anti-nuclear sentiment, as well as extremely attractive returns for renewable energy producers. Many non-energy companies, ranging from residential construction to telecommunications companies, have already entered the sector, which testifies to this attractiveness.
Here are the key trends and regulatory changes in the industry:
- Japan's government passed the country's FiT scheme on June 18 2012. The scheme came into effect on July 01 2012, and will require utilities in the country to purchase all renewable electricity generated by IPPs at fixed rates for up to 20 years.
- Approval was given to restart two of the country's 54 nuclear reactors. While positive for the economy, we view further restarts as a threat to renewables.
- Several large conglomerates and financial firms announced solar energy projects over the last quarter. Telecommunications company Softbank and electronics manufacturer Toshiba are among firms that are developing solar power capacity, and we believe this will be a trend going forward.
- Wind energy in the country is set to grow. Trading house Marubeni made several large offshore wind energy acquisitions, and we believe the company will capitalise upon attractive wind FiTs using its newly acquired expertise. SHOW LESS READ MORE >
BMI View 5
SWOT Analysis 6
Japan Renewables SWOT 6
Industry Forecast Scenario 7
Table: Japan Total Electricity Generation Data And Forecasts, 2010 - 2017 7
Table: Japan Total Electricity Generation Long Term Forecasts, 2014 - 2021 9
Table: Japan Electricity Generating Capacity Data And Forecasts, 2010 - 2017 11
Table: Japan Electricity Generating Capacity Long Term Forecasts, 2014 - 2021 13
Renewables Projects Database 19
Table: Major Projects – Renewables 19
Sustainable Energy Policy and Infrastructure 21
Targets (Renewables and Emissions) 21
Table: Renewable Feed-In Tariffs In Japan, 2012 22
Japan Renewables Risk/Reward Ratings 24
Competitive Landscape 25
Eurus Energy 25
Japan Power (J-Power) 25
Tohoku Electric Power 26
Glossary of Terms 27
Table: Glossary of Terms 27
Glossary of Terms 28
Table: Glossary of Terms 28
Methodology and Sources 29
Industry Forecasts 29
Renewables Industry - Data Methodology 30
Generation Data 30
Electricity Generation Capacity Data 30
Power Risk/Reward Ratings Methodology 31
Table: Power Risk/Reward Indicators 33
- Eurus Energy
- Japan Power (J-Power)
- Tohoku Electric Power