Recently, Japan’s Ministry of Economy, Trade, and Industry (METI) announced plans to deploy approximately 20GW of photovoltaic systems based on perovskite solar cell technology nationwide by 2040.
According to METI, perovskite solar panels are lightweight and flexible, allowing them to be installed in places where traditional components cannot be used, thus providing more application scenarios for photovoltaic systems. To achieve this goal, the Japanese government stated that it will collaborate with the public and private sectors to establish large-scale production and create demand.
Meanwhile, South Korea’s Ministry of Energy has also expressed support for perovskite solar cell technology and plans to support Japanese manufacturers in producing perovskite solar components. Currently, European and Chinese companies play a major role in building the perovskite photovoltaic supply chain. South Korea’s Ministry of Energy hopes to create a virtuous cycle by reducing costs and expanding demand, aiming to achieve gigawatt-scale production capacity by 2030.
Furthermore, the Ministry of Energy predicts that the production cost of perovskite solar components will decline significantly in the coming years, reaching JPY 20 per watt by 2025, JPY 14 per watt by 2030, and JPY 10 per watt by 2040.
