AsianFin -- Japan is making a major $1.5 billion investment in developing ultra-thin, flexible perovskite solar cells as part of its strategy to compete with China in the renewable energy sector. These next-generation solar cells are significantly thinner than traditional panels, making them ideal for installation on diverse surfaces, particularly in Japan’s mountainous regions.

The Japanese government aims to generate energy equivalent to 20 nuclear power plants using these advanced solar cells by 2040, aligning with its broader goal of achieving 50% renewable energy. To drive this initiative, Japan is offering substantial subsidies to companies like Sekisui Chemical, which is leading the technology's development.

While initial production costs are expected to be high, the government anticipates that economies of scale will bring down expenses over time. Unlike China’s heavier perovskite solar cells, Japan’s focus on ultra-thin film technology could help diversify supply chains and ensure energy security, with future export plans targeting the U.S. and European markets.

This investment highlights Japan’s commitment to advancing renewable energy solutions and reducing dependence on traditional energy sources. By spearheading innovations in solar technology, Japan aims to position itself as a key player in the global clean energy transition.