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Levelized cost of energy (LCOE) per kilowatt hour of offshore wind energy in Japan in 2020 with forecasts until 2050 (in Japanese yen)

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Source

Release date

March 2021

Region

Japan

Survey time period

2020

Supplementary notes

*Forecast.

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.

Citation formats

LCOE per kilowatt hour of offshore wind energy Japan 2020-2050

Published by ÌÇÐÄÆƽâ°æ Research Department, Jun 4, 2021
In 2020, the levelized cost of energy (LCOE) of onshore wind energy in Japan stood at **** Japanese yen per kilowatt hour. Figures were estimated to decrease down to around *** 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.
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