Source: EnergyTrend 3Q13 Gold-Member Report
As indicated by relevant data, power companies have continued to purchase more power generated from wind and solar energy. According to the data, Japan’s top ten power companies have purchased much more power generated from solar energy since 2008. The annual growth rate increased from 9.25% in 2008 to 45.89% in 2011. As for wind energy, although the annual growth rate has been fluctuating, power purchased by power companies has also continued to increase. On the other hand, according to EnergyTrend’s statistics, the amount of grid-connected installations in Japan has continued to increase. In addition, it will take at least half a year for nuclear power plants to meet the security check request and re-activation safety requirements and it would be difficult to project the time needed to get the re-activation approval from the local government, thus demand in the Japanese market have obviously gone upward this year.