Japan Will Become Trend Market for Renewables

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Over US$100 billion of investment in wind and solar power plants are expected to push the renewables share to 27% of Japan’s generation mix by 2030, exceeding the country’s target, says Wood Mackenzie. Outlined in the 5th Strategic Energy Plan, Japan had aimed for between 22% and 24% of the country’s generation mix to be attributed to renewables in 2030. Last year, renewables made up 19% of the country’s power generation, including about 8% of wind and solar power. Wood Mackenzie research director Alex Whitworth said: “We estimate over US$100 billion of solar and wind power investments in Japan between 2020 and 2030, a significant boost to the renewables... ... More: Official Press Release Wood Mackenzie

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Wood Mackenzie, Japan, renewables, investment, share, solar, wind, offshore, onshore, generation mix, electricity, strategy, costs, shift, fossil fuel, target