Meanwhile in South Korea, as May’s electricity demand reached the highest levels since 2005, solar power generated more than 7% of the nation’s electricity, reaching an all-time high for the month.
Japan’s solar capacity in 2021 was 20 times larger than it was in 2010. Thanks to its solar growth in recent years, it was able to generate 9.8% of the country’s electricity last year. However, analysts believe there is considerable potential to expand on this going forward.
South Korea’s share of solar electricity generation has grown from less than 1% in 2016 to over 4% in 2021. But this is still well below the international average.
Across Asia, solar has proven increasingly popular. Asian countries now make up five of the top ten economies in terms of installed solar capacity, including Japan in fourth place and South Korea in ninth place. A decade ago, only two countries in Asia (Japan and China) were among the global top 10.