noteProject Summary
Budget
Up to 49.8 billion yen
CO2 Reduction Effect (Japan)
- In 2030
- Approximately 0.6 million tons/year
- In 2050
- Approximately 100 million tons/year
Economic Effect (World)
- In 2030
- Approximately 12.5 billion yen
- In 2050
- Approximately 1,250 billion yen
Research and Development Target
By 2030, achieve levelized cost of electricity no higher than 14yen/kWh under a designated solar irradiance.
Assumptions regarding estimates of CO₂ reduction effect
- As of 2019, 112GW photovoltaic systems are globally installed, and the annual installation rate will be expected to be stable until 2030.
- By 2030, 3.5GW photovoltaic systems of the next generation solar cell will be cumulatively installed under the assumptions of limited adoption and 1% share in 2030.
- From 2030 to 2050, the annual installation rate of photovoltaic systems will be expected to range around 120GW.
- By 2050, photovoltaic systems of the next generation solar cell account for 50% share, and the cumulative installation capacity will be expected to reach up to 0.6TW.
- Concerning the above projections, Japanese companies are expected to realize a market share of 25%, equivalent to the peak share they realized after the rapid expansion of the global solar cell market from 2010.
Assumptions regarding estimates of economic effect
- Global cumulative installation capacity of photovoltaic system will be projected to reach up to 2TW by 2030 and 4.4TW by 2050.
- Based on the above projections, the global market scale will be expected to expand up to 5 trillion yen by 2030 and 10 trillion yen by 2050.
- Photovoltaic systems of the next generation solar cell will be expected to account for 1% of global annual installation capacity by 2030 and 50% by 2050.
- Concerning the above projections, Japanese companies are expected to realize a market share of 25%, equivalent to the peak share they realized after the rapid expansion of the global solar cell market from 2010.