America is far from the only nation benefiting from solar energy investment from companies in the sector. First Solar (NASDAQ:FSLR) announced today that it will devote roughly $100 million to building such assets in Japan. It will effect this through a local subsidiary, First Solar Japan GK, and its office in Tokyo.
The company pointed out that the government has set a target of installing 28 gigawatts of energy-producing capacity from solar power by 2020.
Japan is considered to be a prime market for renewable energy, following the equipment failure accident at its Fukushima Daiichi nuclear power plant in the wake of an earthquake and tsunami in March 2011. That incident was one of the most severe nuclear disasters in history.