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Targets and Progress of PV Installed Capacity

2024.07.18
PV Market Size
Japan Solar Update: No.105 (July 15 ~ 19, 2024)         
63rd basic energy plan meeting

The Agency for Natural Resources and Energy (ANRE) under the Ministry of Economy, Trade and Industry (METI) held the 63rd meeting of the Subcommittee on the Large-Scale Introduction of Renewable Energy and the Next-Generation Power Network, reporting on the progress of renewable energy dissemination and future initiatives by the four related ministries. 

 

<Key points>

  • The PV installed capacity as of the end of December 2023 was 73.1 GW (2030 introduction target: 103.5 to 117.6 GW), and the capacity of FIT/FIP approved PV projects which have not started operation was 6.7 GW >/li>
  • From the end of FY 2019 to the end of December 2023, 17.3 GW was additionally introduced, and non-FIT/ FIP installations are also progressing. The installed capacity in FY 2023 is currently under estimation
  • The Ministry of Economy, Trade and Industry (METI), the Ministry of the Environment (MoE), the Ministry of Land, Infrastructure, Transport and Tourism (MLIT), and the Ministry of Agriculture, Forestry and Fisheries (MAFF) quantitatively report on the progress of policy measures

 

PV installed capacity and progress of policy measures by ministries and agencies

 

 

Installation Target at 63rd BP

     

    Progress of measures in relevant ministries and agencies

    Non-FIT/ FIP installations are also progressing. The installed capacity in FY 2023 is currently under estimation

     

    Title of measures Responsible body 2030 target Installed capacity between 2020 and 2023
    Proactive implementation by the public sector MoE, etc. 6.0GW 0.1GW
    Introduction of PV power generation in harmony with local communities, etc. MoE, MAFF 8.2GW 0.7GW
    Turning airports into renewable energy hubs Government 2.3GW 0.2GW
    Promotion of self-consumption by private companies MoE 10.0GW 0.6GW
    Strengthening measures for newly built houses MLIT, METI, MoE 60% * 31%

    * It is aimed to install PV systems to 60% of newly built detached houses, and the efforts are being followed up on this installation rat

    ** MoE – Ministry of the Environment, MAFF – Ministry of Agriculture, Forestry and Fisheries, METI – Ministry of Economy, Trade and Industr, MLIT – Ministry of Land, Infrastructure, Transport and Tourism

     

    Figure 1 Overview of deliberations on the future renewable energy policies, long-term and stable large-volume introduction, and business continuity, etc.

     

     

    Source: Materials from the 63rd meeting of the Subcommittee for Large-volume Introduction of Renewable Energy and Next Generation Electricity Network (June 13, 2024), compiled by RTS Corporation

     

     

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