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Japan renewables report Q1 2013

Thursday, Nov 08, 2012

Research and Markets (http://www.researchandmarkets.com/research/5j78fz/japan_renewables) has announced the addition of the "Japan Renewables Report Q1 2013" report to their offering.

BMI View:

We have been bullish towards Japan renewables ever since the passing of a Feed-in Tariff (FiT) scheme in July 2012, and our forecasts for the sector remain relatively unchanged in Q412.

However, we highlight that macroeconomic, political and sector-specific dynamics have prompted us to change our broader outlook for the power sector, especially in regards to electricity consumption and nuclear energy. Whilst these changes somehow support the outlook for the renewables sector, we see possible changes in FiTs and increases in global natural gas supply as pertinent downside risks.

We have revised down our growth forecasts for non-hydropower renewable energy generation to 9.4% in 2013 (from a previous forecast of 10.8%). This is because we expect a decrease in the solar FiT and for some of the nuclear reactor to restart. We continue to expect growth in solar energy (43%) to outstrip other renewable technologies, owing to the technology's accessibility.

We believe that renewable energy will continue to be attractive in the long run, and are forecasting nonhydropower renewable generation to grow at an average rate of 8.1% between 2013 and 2021. Our view is underpinned by the continuing strong anti-nuclear sentiment, as well as extremely attractive returns for renewable energy producers.

Source: Business Wire

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