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Environment

Overseas companies take dominant role in Japan's renewable energy

European players export wind farms while China grabs hold of solar panels

A wind turbine off the coast of Nagasaki Prefecture: European players hold a big share of Japan's wind power sector. (Photo by Kanoko Sakamoto)

FRANKFURT/TOKYO -- Foreign companies have paraded into Japan's renewable-energy markets, with European players carving out an overwhelmingly large chunk of the wind-energy sector while China has a quickly growing presence in solar panels.

The trend is taking place as Japan sets a goal of reaching net zero greenhouse gas emissions by 2050. The government has lowered barriers to entry in offshore wind power.

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