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Japan is now the world’s largest solar market in the world in the aftermath of Fukushima

Now the world’s largest solar market.

Policy change has since sparked a solar boom, setting up Japan to surpass Germany as the world’s largest photovoltaics market by revenue this year, with sales nearly doubling to $20 billion, according to an IHS report.

Last year, Japan implemented a feed-in tariff, which promises solar producers a subsidized price, at twice the going rate in Germany and France.

Canadian Solar Inc., based in Guelph, Ont., has already taken advantage of the trend, increasing its first-quarter shipments to Japan by 75% over the previous quarter

Tech Triangle‘s insight:

75% Quarter-over-quarter increase in sales to Japan reported by Canadian Solar Inc., based in Guelph, Ont

See on www.canadianbusiness.com

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