Japan Renewable Energy Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Japan Renewable Energy Market is Segmented by Type (Solar, Wind, Hydro, Bioenergy, and Other Types). The report offers the installed capacity and forecasts for Japan's renewable energy market in GigaWatts (GW) for all the above segments.

Japan Renewable Energy Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Japan Renewable Energy Market Size

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Japan Renewable Energy Market-Market Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2020 - 2023
CAGR 3.55 %
Market Concentration Medium

Major Players

Japan Renewable Energy Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Japan Renewable Energy Market Analysis

The Japan Renewable Energy Market is expected to register a CAGR of 3.55% during the forecast period.

Japan's renewable energy landscape is undergoing a significant transformation as the country accelerates its transition toward sustainable energy sources. The government has set ambitious targets to increase the renewable share to approximately 36-38% of the total energy mix by 2030, demonstrating a strong policy commitment to clean energy adoption. This strategic shift is particularly evident in the solar sector, where utility-scale projects are gaining momentum through innovative financing mechanisms and corporate partnerships. The implementation of the feed-in premium (FiP) system in 2022 marked a significant milestone, with the first auction awarding 128.94 MW between five bidders, signaling a mature market ready for competitive pricing mechanisms.


The country's wind energy sector is positioned for substantial growth, supported by its vast untapped potential. According to the Asia Wind Energy Association, Japan possesses an estimated potential of 144 GW for onshore wind and 608 GW for offshore wind capacity. Major corporations are actively pursuing wind energy development, as exemplified by Vestas securing a 29 MW order with Shimizu Corporation for the Makikawa Masaki Wind Farm project in 2023. The project, owned by GF Corporation and JR East Energy Development Co. Ltd, represents the growing corporate interest in wind energy investments and the maturation of the domestic supply chain.


Corporate partnerships and large-scale project developments are reshaping the market dynamics. In 2023, significant collaborations emerged, including Jera Co. Inc.'s partnership with West Holdings to develop and construct at least 1 GW of solar projects over four years. Similarly, Clean Energy Connect Co. Ltd announced plans to deploy 70 MW of solar power generating capacity for the NTT Group, highlighting the increasing trend of corporate power purchase agreements (PPAs) in Japan's renewable energy market. These developments demonstrate the market's evolution toward more sophisticated business models and financing structures.


The Japanese renewable energy sector is witnessing increased participation from both domestic and international players, fostering technological innovation and competitive pricing. Companies like Pacifico Energy have demonstrated significant market presence, having developed projects with a total capacity exceeding 1 GW either operational or under construction. The market is characterized by a strong focus on technological advancement, particularly in solar PV manufacturing and offshore wind technologies. This emphasis on innovation, combined with supportive government policies and corporate commitments, is creating a robust ecosystem for renewable energy development in Japan.

Segment Analysis: Type

Solar Segment in Japan Renewable Energy Market

Solar energy dominates Japan's renewable energy landscape, holding approximately 56% of the total installed capacity in 2024. The segment's prominence is driven by significant utility-scale solar energy PV market developments and supportive government policies. The country's first feed-in premium (FiP) auction has catalyzed growth, with companies like X-Elio securing substantial solar energy PV capacity. Major corporations, including Amazon, have partnered with Japanese trading houses to develop solar power stations, particularly in the Tokyo Metropolitan area and Tohoku region. The segment continues to attract both domestic and international investments, supported by government subsidies and feed-in premium auctions, making it the cornerstone of Japan's renewable energy strategy.

Market Analysis of Japan Renewable Energy Market: Chart for Type

Wind Segment in Japan Renewable Energy Market

The wind energy sector is emerging as the fastest-growing segment in Japan's renewable energy market between 2024-2029. The government's ambitious offshore wind energy development plans and favorable geographical conditions are driving this growth. Japan's status as an island nation provides numerous optimal locations for offshore wind installations, with studies indicating that offshore wind turbines can generate five times more electricity than their onshore counterparts. The government has implemented necessary laws to reduce operators' risks and encourage new market entries. Major companies like Orix, Tokyo Electric Power Co. Holdings, and E.ON are actively investing in offshore wind farm development, with significant projects planned for various coastal regions, including a notable development off the coast of Chiba Prefecture.

Remaining Segments in Type Segmentation

The hydropower, biomass energy, and other renewable segments complete Japan's renewable energy portfolio. Hydropower maintains a significant presence in the market, though its growth has plateaued due to limited viable locations for large-scale development. The bioenergy sector shows steady progress, utilizing various sources including methane, waste wood, and agricultural waste. The government's efforts to reduce reliance on biomass imports and supportive policies like FiTs and FiPs are shaping the bioenergy landscape. Other renewable sources, while contributing minimally to the overall capacity, continue to play a role in diversifying Japan's renewable energy mix and supporting the country's clean energy transition goals.

Japan Renewable Energy Industry Overview

Top Companies in Japan Renewable Energy Market

The Japanese renewable energy market features a mix of domestic and international players competing through various strategic initiatives. Companies are heavily investing in technological advancements, particularly in solar PV manufacturing and wind power development, with a significant focus on perovskite-based cells and offshore wind capabilities. Market leaders are strengthening their positions through vertical integration, from component manufacturing to project development and operations. Strategic partnerships and joint ventures have become increasingly common, especially in large-scale project developments and technology sharing. Companies are also expanding their service offerings to include renewable energy services, smart grid technologies, and comprehensive renewable energy management systems. The market demonstrates strong innovation in areas like typhoon-resistant wind turbines and high-efficiency solar modules, reflecting adaptation to Japan's specific geographical and climatic conditions.

Dynamic Market with Strong Local Presence

The Japanese renewable power market exhibits a balanced mix of established domestic conglomerates and specialized international players. Local giants like Japan Renewable Energy Corporation and Solar Frontier KK leverage their deep understanding of the domestic market and established relationships with government entities, while global leaders such as Canadian Solar, Siemens Gamesa, and Vestas bring international expertise and advanced technologies. The market structure is characterized by strategic alliances between domestic and international firms, particularly in areas requiring specialized technological expertise or large-scale project development capabilities.


The market shows moderate consolidation with a trend toward strategic partnerships rather than outright acquisitions. Major players are increasingly forming joint ventures to combine complementary strengths, particularly in emerging technologies like perovskite solar cells and offshore wind development. The collaboration between domestic and international firms has become a key feature, with Japanese companies providing local market access and regulatory navigation capabilities while international partners contribute advanced technologies and global best practices. This partnership-driven approach has created a dynamic ecosystem where both established players and new entrants can find opportunities for growth and innovation.

Innovation and Adaptation Drive Market Success

Success in the Japanese renewable energy market increasingly depends on companies' ability to combine technological innovation with local market adaptation. Incumbent players are strengthening their positions by investing in research and development, particularly in areas like high-efficiency solar modules and advanced wind turbine technologies. Companies are also focusing on developing comprehensive renewable energy solutions that integrate multiple renewable sources with storage capabilities. The ability to provide end-to-end solutions, from equipment manufacturing to project development and maintenance, has become a crucial differentiator in the market.


For new entrants and growing players, success lies in identifying and filling specific market niches while building strong local partnerships. Companies need to demonstrate clear technological advantages or cost efficiencies while navigating Japan's complex regulatory environment and high-quality standards. The market shows particular sensitivity to environmental considerations and safety standards, making compliance and certification crucial for long-term success. Future growth opportunities are increasingly tied to companies' ability to participate in Japan's energy transition goals, particularly in areas like offshore wind development and advanced solar technologies, while maintaining strong relationships with both public and private sector stakeholders.

Japan Renewable Energy Market Leaders

  1. Japan Renewable Energy Co., Ltd

  2. Canadian Solar Inc.

  3. JinkoSolar Holding Co. Ltd

  4. Trina Solar Co., Ltd.

  5. Solar Frontier KK

  6. *Disclaimer: Major Players sorted in no particular order
Japan Renewable Energy Market Concentration
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Japan Renewable Energy Market News

  • April 2023: Octopus Energy Generation invested in Japanese solar power company Yotsuya Capital, launching it into the Asian renewables market. The agreement aims to accelerate the country's energy transition. The company is expected to support Yotsuya Capital in developing 250MW of new solar farms in Japan over the next five years.
  • June 2022: Japan's government disclosed the winner of its 12th solar energy tender. Pacifico Energy KK won the tender for the solar project with a capacity of 76.8 MW. The company was expected to offer a tariff of USD 0.073 per kWh. The project would be located in Yamaguchi prefecture and is expected to be operational by 2027.
  • April 2022: JERA Co. Inc., one of the leading power companies, finalized a deal to develop a 1GW solar plant with West Holdings Corp., one of the top renewable engineering companies. The project was expected to be operational by 2025. The company would likely invest about USD 1.4 billion in the next three years.

Japan Renewable Energy Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Renewable Energy Mix, Japan, 2022
  • 4.3 Renewable Energy Installed Capacity and Forecast in GW, till 2028
  • 4.4 Government Policies and Regulations
  • 4.5 Recent Trends and Developments
  • 4.6 Market Dynamics
    • 4.6.1 Drivers
    • 4.6.1.1 The Growing Demand for Clean Energy Sources
    • 4.6.1.2 Supportive Government Programs and Advancements in Renewable Energy Technologies
    • 4.6.2 Restraints
    • 4.6.2.1 Increasing Penetration of Natural Gas for Power Generation
  • 4.7 Supply Chain Analysis
  • 4.8 PESTLE Analysis

5. MARKET SEGMENTATION

  • 5.1 Type
    • 5.1.1 Solar
    • 5.1.2 Wind
    • 5.1.3 Hydro
    • 5.1.4 Bioenergy
    • 5.1.5 Other Types

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Japan Renewable Energy Co. Ltd.
    • 6.3.2 Canadian Solar Inc.
    • 6.3.3 JinkoSolar Holding Co. Ltd.
    • 6.3.4 Trina Solar Co. Ltd.
    • 6.3.5 Solar Frontier KK
    • 6.3.6 INFINI Japan Solar Co. Ltd.
    • 6.3.7 Siemens Gamesa Renewable Energy SA
    • 6.3.8 Vestas Wind Systems AS
    • 6.3.9 First Solar Inc.
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 The Technological Advancements in Solar PV Manufacturing
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Japan Renewable Energy Industry Segmentation

Renewable energy is the energy collected from renewable resources such as sunlight, wind, water movement, and geothermal heat that are naturally replenished.

Japan's renewable energy market is segmented by type. By type, the market is segmented into solar, wind, hydro, bioenergy, and other types. For each segment, the installed capacity and forecasts have been done based on GigaWatts (GW).

Type Solar
Wind
Hydro
Bioenergy
Other Types
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Japan Renewable Energy Market Research FAQs

What is the current Japan Renewable Energy Market size?

The Japan Renewable Energy Market is projected to register a CAGR of 3.55% during the forecast period (2025-2030)

Who are the key players in Japan Renewable Energy Market?

Japan Renewable Energy Co., Ltd, Canadian Solar Inc., JinkoSolar Holding Co. Ltd, Trina Solar Co., Ltd. and Solar Frontier KK are the major companies operating in the Japan Renewable Energy Market.

What years does this Japan Renewable Energy Market cover?

The report covers the Japan Renewable Energy Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Japan Renewable Energy Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Japan Renewable Energy Market Research

Mordor Intelligence provides a comprehensive analysis of the renewable energy sector in Japan. We leverage extensive expertise in clean energy and green energy research. Our detailed examination covers the full range of renewables, including solar energy, wind energy, geothermal energy, tidal energy, biomass energy, hydropower, and wave energy technologies. The report offers in-depth insights into renewable energy systems and sustainable energy developments. It analyzes both established and alternative energy solutions across the Japanese market landscape.

Our detailed report, available as an easy-to-download PDF, provides stakeholders with valuable insights into renewable energy technology implementation and renewable energy infrastructure development. The analysis includes renewable energy integration strategies, renewable power generation capabilities, and renewable energy storage solutions. It examines renewable power plants, renewable energy services, and the evolution of renewable energy grid systems. Additionally, the report offers comprehensive coverage of renewable electricity distribution, renewable energy trading mechanisms, and renewable energy equipment deployment. This enables stakeholders to make informed decisions about renewable energy solutions and investments in the Japanese market.

Japan Renewable Energy Market Report Snapshots