In 2020, the levelized cost of energy (LCOE) of onshore wind energy in Japan stood at 15.6 Japanese yen per kilowatt hour. Figures were estimated to decrease down to around 6.8 yen in 2050.
To reduce greenhouse gas emissions, the Japanese government is currently working on replacing fossil fuels with renewable energy sources. Since the island nation only has limited space on land, it started to invest in offshore wind farms with floating wind turbines.
Levelized cost of energy (LCOE) per kilowatt hour of offshore wind energy in Japan in 2020 with forecasts until 2050
(in Japanese yen)
The LCOE describes the costs that are necessary for converting energy from another form of energy into electricity. 100 Japanese yen equal 0.74 U.S. dollars or 0.70 euros as of December 2022.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Renewable Energy Institute. (March 9, 2021). Levelized cost of energy (LCOE) per kilowatt hour of offshore wind energy in Japan in 2020 with forecasts until 2050 (in Japanese yen) [Graph]. In Statista. Retrieved November 24, 2024, from https://www.statista.com/statistics/1240821/japan-lcoe-offshore-wind-energy/
Renewable Energy Institute. "Levelized cost of energy (LCOE) per kilowatt hour of offshore wind energy in Japan in 2020 with forecasts until 2050 (in Japanese yen)." Chart. March 9, 2021. Statista. Accessed November 24, 2024. https://www.statista.com/statistics/1240821/japan-lcoe-offshore-wind-energy/
Renewable Energy Institute. (2021). Levelized cost of energy (LCOE) per kilowatt hour of offshore wind energy in Japan in 2020 with forecasts until 2050 (in Japanese yen). Statista. Statista Inc.. Accessed: November 24, 2024. https://www.statista.com/statistics/1240821/japan-lcoe-offshore-wind-energy/
Renewable Energy Institute. "Levelized Cost of Energy (Lcoe) per Kilowatt Hour of Offshore Wind Energy in Japan in 2020 with Forecasts until 2050 (in Japanese Yen)." Statista, Statista Inc., 9 Mar 2021, https://www.statista.com/statistics/1240821/japan-lcoe-offshore-wind-energy/
Renewable Energy Institute, Levelized cost of energy (LCOE) per kilowatt hour of offshore wind energy in Japan in 2020 with forecasts until 2050 (in Japanese yen) Statista, https://www.statista.com/statistics/1240821/japan-lcoe-offshore-wind-energy/ (last visited November 24, 2024)
Levelized cost of energy (LCOE) per kilowatt hour of offshore wind energy in Japan in 2020 with forecasts until 2050 (in Japanese yen) [Graph], Renewable Energy Institute, March 9, 2021. [Online]. Available: https://www.statista.com/statistics/1240821/japan-lcoe-offshore-wind-energy/
