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Solar energy has come to the mainstream in Asia.
May 06, 2018

Energy issues in this era of transition onto the stage, along with Japan's fukushima nuclear disaster more help make up for all the finishing clean energy development, in a spate of natural disasters Japan wants to restart nuclear power, is facing huge domestic pressure, combined with coal and fossil fuels are regarded as the generation, solar energy will become mainstream.

Japan solar market this season there would be no need for government subsidies, began to profit after once Japan achieve cost-benefit parity, which become the last one in the G7 solar commercial market, the 14th in the G20.

Japan is the world's fourth largest solar panel market, and there are many solar power stations are built, including two in kato in large power plant, water and power plants built in yantian on cost $1.1 billion, both located in the west of Osaka.

Clean energy unstoppable trend in Japan, Japan's renewable energy association chairman said confidently, "solar era has come, after 1950 leading Japanese power company in ten large at most can only delay the development speed." The report says Japan began to phase out 2.4 gigawatts of power in March, decommissioned expensive and polluting fuel plants and switched to alternative fuels.

Japan's 43 nuclear reactors were shut down in 2011, and since then, Japan's renewable energy capacity has jumped three times to 25 gigawatts, or 80 percent of that.

In addition to trends, falling prices are a key factor. Analysts say that, just as shale oil can extract oil and gas, no other technology can change the electricity market more than distributed and utility solar.

Exxon expects solar capacity to grow more than 20 times from 2010 to 2040. Investors are also bullish on solar, with the global solar index up 40 percent this year.

Of course, China, the solar panel maker, is the main driver, with solar manufacturing costs down by 80% over the past decade. In Japan, the cost of residential solar production has fallen by more than half since 2010, to about $0.25 per kilowatt hour, comparable to the average home price, which is expected to fall again.

Solar is already deep in Europe and North America, but markets are expected to flourish in Asia. Including China's anti-air pollution policy, it is already looking for alternatives to coal, which accounts for almost two-thirds of China's electricity consumption. China had 26.52 gigawatts of solar capacity in 2014, accounting for less than 2 percent of total power capacity.

China is expected to increase by 17.8 gigawatts this year, with a target of 5 gigawatts in the first quarter and 100 gigawatts by 2020. And sunny India is expected to replace coal with solar power. Exxonmobil said fossil fuel power generation would not end entirely, but would be a record for renewable energy, which would require a fossil fuel emergency if the sun is not enough or the wind is not strong enough.


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