Wednesday, June 5, 2013

Japan Becomes World's Largest Solar Market To Replace Nukes

For most of the last 10 years, the biggest national solar market was in Europe.  But this year the world's largest solar market will be in Asia, with either China or Japan likely to install the most solar.

After installing 1,500 megawatts in the first quarter, Japan is on course to take the top spot in 2013
http://www.imsresearch.com/press-release/japan_set_to_become_world%E2%80%99s_largest_solar_revenue_market_in_2013_as_installations_boom_in_q1.

Japan's rush to solar is driven by its love and now hate relationship with nuclear power, following the Fukushima disaster.  Unlike nuclear that requires about 10 years from beginning to end to build a new nuclear plant, solar can be built quickly.

And Japan will install an amount of solar this year that is greater than one new nuclear reactor.  And that is just the start of Japan's solar push.  Don't be surprised if Japan builds an amount of solar in the next 10 years that are equal to 20 or more nuclear plants! 

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