Outlook for Expansion of the Domestic Renewable Energy Market
First written in FY2017-Q4. 12 of 26 entries say "Restated". Latest entry: 2026-08-06.
The whole theme swung hardest in 2025: 2 of 7 companies on the "Worse" side.
4 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「In February 2025, the Japanese government approved the Seventh Basic Energy Plan by Cabinet decision and set a target of raising renewable energy's share of total electricity generation in fiscal 2040 to approximately 40–50%.」
The document reconfirms the Seventh Basic Energy Plan's target of approximately 40–50% renewable energy in fiscal 2040, the outlook for introducing 14.1–23.8GWh of grid-scale batteries by 2030, and the outlook for domestic market expansion driven by government support and customer demand. - FY2025AdvancedAnnual report
「In February 2025, the Japanese government approved the Seventh Basic Energy Plan by Cabinet decision and set a target of raising renewable energy's share of total electricity generation in fiscal 2040 to approximately 40–50%.」
The outlook for expansion of the domestic market indicates a new government target of approximately 40–50% for renewable energy's share in fiscal 2040. It also states an outlook for the introduction of 14.1–23.8GWh of grid-scale batteries by 2030. - FY2025-H1Addition of discussion on policy reviewAnnual report
「As of November 2024, discussions are under way to review the Basic Energy Plan, targeting 2035 and beyond. While purchases under the Feed-in Tariff (FIT) scheme continue, purchases under the Feed-in Premium (FIP) scheme introduced in fiscal 2022 have also begun.」
The outlook for expansion of Japan's renewable energy market has been updated to include discussions on reviewing the Basic Energy Plan targeting 2035 and beyond, as well as the start of purchases under the FIP scheme. - FY2024AdvancedAnnual report
「In addition, long-term decarbonized power source auctions began in January 2024 to promote investment in new power sources and procure supply capacity from decarbonized power sources over the long term. Japan’s renewable energy and energy storage markets are expected to expand further, supported by continued government support for renewable energy and battery deployment and rising demand among electricity consumers.」
The company newly identifies the long-term decarbonized power source auctions launched in January 2024 and demand and policy support, including batteries, as factors driving domestic market expansion. - FY2024-Q1Demand-side needs taking shapeAnnual report
「In addition, demand among electricity consumers for procuring renewable electricity is increasing. Efforts by companies participating in RE100, an international initiative whose members aim to source 100% of the electricity used in their operations from renewable energy, are becoming more active, and examples of corporate PPAs, under which electricity consumers enter into direct power purchase agreements with power generators, are increasing. Japan’s renewable energy market is expected to expand further, supported by continued government support for renewable energy adoption and rising demand among electricity consumers.」
The company identifies specific demand-side factors behind its outlook for growth in Japan’s renewable energy market, including increases in companies participating in RE100 and corporate PPAs, in addition to government support. - FY2023-Q3AdvancedAnnual report
「The “Basic Policy for the Project for the Green Transformation (GX) (Draft)” formulated by the GX Executive Meeting of the Cabinet Secretariat on 22 December 2022 sets out a policy of considering the full-scale introduction of carbon pricing, which assigns a price to carbon emissions, to incentivize front-loaded GX investment, as well as making renewable energy a principal power source.」
The company explains that the “Basic Policy for the Project for the Green Transformation (GX) (Draft)” sets out a policy of considering the full-scale introduction of carbon pricing and making renewable energy a principal power source. - FY2023-Q1RestatedAnnual report
「In December 2020, the Ministry of Economy, Trade and Industry published the “Green Growth Strategy Through Achieving Carbon Neutrality in 2050,” presenting 50–60% as a reference value for renewable energy’s share of power sources. The Sixth Strategic Energy Plan, approved by Cabinet decision in October 2021, then set a target of raising renewable energy’s share of total power generation to approximately 36–38% in fiscal 2030. As described above, the government continues to support the introduction of renewable energy, and Japan’s renewable energy market is expected to expand further.」
The company has reaffirmed the policy targets of a 50–60% renewable energy share in 2050 and 36–38% in fiscal 2030, as well as its outlook for growth in the domestic market. - FY2022RestatedAnnual report
「The government continues to support the further adoption of renewable energy, and the renewable energy market is expected to expand further.」
The company has reaffirmed its outlook for growth in the domestic market against the backdrop of the Sixth Strategic Energy Plan’s fiscal 2030 target of 36–38% and the introduction of the FIP scheme. - FY2022-Q3AdvancedAnnual report
「In November 2020, public tenders began to select operators for offshore wind power projects in five domestic sea areas designated by the government as “promotion zones” under the Act on Promoting the Utilization of Sea Areas in Development of Power Generation Facilities Using Marine Renewable Energy (the “Act on Utilization of Sea Areas for Renewable Energy”), and the expansion of the offshore wind power market is gathering momentum.」
The company updates the specific development of market expansion against the backdrop of institutional development, noting that five domestic promotion zones are subject to offshore wind public tenders. - FY2022-Q2AdvancedAnnual report
「The Sixth Strategic Energy Plan, approved by Cabinet decision in October 2021, sets an ambitious target of approximately 36–38% for renewable energy’s share of the power source mix in fiscal 2030. This level is not an upper limit or cap; if initiatives that cannot be anticipated at present progress and these levels are reached early, the policy calls for pursuing an even higher level of renewable energy deployment.」
The Sixth Strategic Energy Plan was approved by Cabinet decision, formally setting an ambitious target of approximately 36–38% for renewable energy’s share in fiscal 2030. It also states that this level is not an upper limit and that the policy is to pursue a higher level of deployment. - FY2022-Q1AdvancedAnnual report
「In December 2020, the Ministry of Economy, Trade and Industry published the “Green Growth Strategy Through Achieving Carbon Neutrality in 2050,” presenting 50–60% as a reference value for raising renewable energy’s share of power sources to approximately three times its current level by 2050. In the draft Sixth Strategic Energy Plan under consideration by the Ministry of Economy, Trade and Industry, a renewable energy share of 36–38% in 2030 was proposed.」
The company sets out new policy levels of 50–60% in 2050 and 36–38% in 2030, in addition to the previous fiscal 2030 target of 22–24%, making its outlook for growth in the domestic market more concrete. - FY2021RestatedAnnual report
「As described above, the government continues to support the introduction of renewable energy, and Japan’s renewable energy market is expected to expand further.」
The company has reaffirmed its outlook for growth in the domestic market against the backdrop of government support, carbon-neutral policies and the launch of public tenders for offshore wind projects. - FY2021-Q3AdvancedAnnual report
「Under the Act on Promoting the Utilization of Sea Areas in Development of Power Generation Facilities Using Marine Renewable Energy (the “Act on Utilization of Sea Areas for Renewable Energy”), public tenders have begun to select operators for offshore wind power projects in four domestic sea areas already designated by the government as “promotion zones,” and the expansion of the offshore wind power market is gathering momentum. In addition, at the second Public-Private Council on Enhancing the Industrial Competitiveness of Offshore Wind Power, held by the Ministry of Economy, Trade and Industry and the Ministry of Land, Infrastructure, Transport and Tourism on 15 December 2020, a draft of the “Offshore Wind Power Industry Vision (First)” was presented. The government set a target of designating zones equivalent to approximately 1 GW per year for 10 consecutive years, forming projects totaling 10 GW by 2030 and 30–45 GW, including floating projects, by 2040.」
Public tenders for offshore wind operators have begun in four domestic sea areas, and the government has set targets for forming projects totaling 10 GW by 2030 and 30–45 GW by 2040. The outlook for offshore wind market expansion is becoming more concrete through institutional progress and quantitative targets. - FY2021-Q1AdvancedAnnual report
「In June 2020, the Act Partially Amending the Electricity Business Act and Other Acts to Establish a Resilient and Sustainable Electricity Supply System (the “Act for Strengthening Energy Supply Resilience”) was enacted, promoting efforts to establish a resilient and sustainable electricity supply system, including making renewable energy a principal power source and rapidly restoring power supplies following disasters. In addition, under the Act on Promoting the Utilization of Sea Areas in Development of Power Generation Facilities Using Marine Renewable Energy (the “Act on Utilization of Sea Areas for Renewable Energy”), the government designated four sea areas nationwide as “promotion zones” to promote the introduction of offshore wind power projects in general sea areas, and the offshore wind power market continues to expand.」
The company cites enactment of the Act for Strengthening Energy Supply Resilience and designation of four offshore wind promotion zones nationwide, explaining that the institutional framework supporting renewable energy market expansion has taken concrete form. - FY2020-Q2RestatedAnnual report
「The government continues to support the introduction of renewable energy toward achieving the 2030 energy mix target, the target for the power source mix set out in the “Fifth Strategic Energy Plan,” approved by Cabinet decision in July 2018. The plan targets a 22–24% share of renewable energy generation in total domestic power generation. Japan’s renewable energy market is expected to expand further.」
The company has reaffirmed its outlook for growth in the domestic market against the backdrop of the government’s fiscal 2030 target of a 22–24% renewable energy share and government support. - FY2019Greater specificity regarding the market outlookAnnual report
「The growth potential of Japan’s renewable energy generation market is expected to be as follows.」
The company presents installed capacity at the end of December 2018 and the government’s fiscal 2030 targets by power source, specifying growth multiples of approximately 1.3x for solar, approximately 1.6–1.9x for biomass, approximately 2.7x for wind and approximately 2.7–3.1x for geothermal. - FY2019-Q4AdvancedAnnual report
「On 7 December 2018, the Act on Promoting the Utilization of Sea Areas in Development of Power Generation Facilities Using Marine Renewable Energy was promulgated to enable offshore wind power generation projects to be conducted over the long term, stably and efficiently in general sea areas. The introduction of offshore wind power projects in general sea areas is therefore expected to accelerate.」
The company explains that a law aimed at promoting the introduction of offshore wind power generation in general sea areas was promulgated on 7 December 2018, giving concrete form to the institutional framework supporting market expansion. - FY2019-Q3RestatedAnnual report
「In some regions, transmission grid capacity has become constrained, making it difficult to advance promising new projects. At the same time, discussions have intensified on resolving new challenges emerging with the large-scale introduction of renewable energy, including grid constraints, securing balancing capacity and reducing the burden on the public, as demonstrated by the establishment by the Ministry of Economy, Trade and Industry of the “Subcommittee on Mass Introduction of Renewable Energy and Next-Generation Electricity Networks.” The government continues to support the introduction of renewable energy toward achieving the 2030 energy mix target. Japan’s renewable energy market is expected to expand further.」
The company has reaffirmed its outlook for growth in the domestic market against the backdrop of government support and the fiscal 2030 target of a 22–24% renewable energy share. - FY2019-Q2RestatedAnnual report
「The government continues to support the introduction of renewable energy toward achieving the 2030 energy mix target, the target for the power source mix set out in the “Fifth Strategic Energy Plan,” approved by Cabinet decision in July 2018. The plan targets a 22–24% share of renewable energy generation in total domestic power generation. Japan’s renewable energy market is expected to expand further.」
The company has reaffirmed the government’s target of a 22–24% renewable energy share in fiscal 2030 and its outlook for growth in the domestic market against the backdrop of government support. - FY2018RestatedAnnual report
「In July 2018, the Japanese government approved the “Fifth Strategic Energy Plan” by Cabinet decision, setting a target of raising renewable energy’s share of total power generation to approximately 22–24% by fiscal 2030. Accordingly, the renewable energy generation market is expected to expand further.」
Against the backdrop of the fiscal 2030 target of a 22–24% renewable energy share, the company has reaffirmed its outlook for growth in the domestic market. - FY2018-Q4RestatedAnnual report
「The government continues to support the introduction of renewable energy toward achieving the target set out in the “Long-Term Energy Supply and Demand Outlook” published by the Ministry of Economy, Trade and Industry and the Agency for Natural Resources and Energy in July 2015: renewable energy generation is to account for 22–24% of total domestic power generation in fiscal 2030. Going forward, Japan’s renewable energy market is expected to expand further, including biomass, wind and geothermal power generation, which have substantial growth potential, in addition to solar power generation.」
The company has reaffirmed the government’s target of a 22–24% renewable energy share in fiscal 2030 and its outlook for growth in the domestic market, including power sources other than solar. - FY2018-Q2RestatedAnnual report
「The government continues to support the introduction of renewable energy toward achieving the target set out in the “Long-Term Energy Supply and Demand Outlook” published by the Ministry of Economy, Trade and Industry and the Agency for Natural Resources and Energy in July 2015: renewable energy generation is to account for 22–24% of total domestic power generation in fiscal 2030. Going forward, Japan’s renewable energy market is expected to expand further, including biomass, wind and geothermal power generation, which have substantial growth potential, in addition to solar power generation.」
The company has reaffirmed its outlook for growth in Japan’s renewable energy market and specifically cited the government’s fiscal 2030 target of a 22–24% renewable energy share. - FY2017RestatedAnnual report
「Going forward, Japan’s renewable energy market is expected to expand further, including biomass, offshore and onshore wind, and geothermal power generation, which have substantial growth potential, in addition to solar power.」
The company has reaffirmed its outlook for growth in Japan’s renewable energy market, including power sources other than solar. - FY2017-Q4First statedAnnual report
「Going forward, Japan’s renewable energy market is expected to expand further, centered not only on solar power generation but also on power sources such as biomass, wind and geothermal power, whose development has lagged relatively.」
The company expects the domestic market to expand beyond solar power to include biomass, wind and geothermal power.