After Japan’s 311 strong earthquake in 2011 and the Fukushima nuclear disaster, the Japanese government promoted renewable energy. In 2012, it offered the “Renewable Energy Special Measures Actâ€, the high-priced purchase of electricity generated by solar power, and attracted Japanese companies. Flocking into the solar industry. However, as Japan lowered its solar energy purchase price year by year, it also caused Japan's "solar bubble" to collapse, and related companies have lost and the number of bankruptcies has reached a new high in history.
Japan's private credit investigation agency Tokyo Commercial and Industrial Research (TSR) announced on the 12th that the number of bankruptcies of solar-related companies in Japan reached 65 in 2016, a 20.4% increase from 2015. The number of bankruptcies reached a record high since the survey began in 2000. Among them, the number of bankruptcies in December 2016 reached 10, setting a new record in the history of a single month.
As far as the reasons for corporate bankruptcy are concerned, “sales sluggish†has the largest proportion, accounting for 53.8%, followed by “career failure (16.9%)†and “lack of working capital (12.3%)â€.
TSR also pointed out that “the solar energy industry in Japan will be eliminated more slowly in 2016 than in 2016â€.
The Nikkei News reported on the 12th that Japan’s “solar bubble†collapsed as Japan lowered its solar purchase price year after year. In 2016, the purchase price of solar power per kWh in Japan was 24 yen per kWh, which was 40% lower than the 40 yen in 2012. The purchase price in 2017 has been decided to further drop to 21 yen, which also gives 311 strong earthquakes as an opportunity to grab Enterprises entering the solar industry have already lost.
According to statistics released by the Japan Solar Power Generation Association (JPEA), Japan's solar cell domestic demand shipments in Q3 (July-September) fell 6% to 1,665 MW in the same period last year, and it has shrunk for the seventh consecutive quarter. Among them, residential solar cell shipments fell 16% year-on-year to 309MW; non-residential (industrial) solar cell shipments such as large-scale solar power plants fell 4% to 1,355MW.
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