Renewable energy is a thriving market and all the signs indicate that the next few years are going to be incredibly positive for the sector globally. Take Japan, for example, where the market for renewable energy is forecast to achieve a CAGR of 11.2% between 2022 and 2027. Japan does face some challenges when it comes to renewable energy, not least a lack of grid infrastructure in many rural areas that could restrict the size of the market. However, there are many opportunities too, particularly as the impact of the pandemic begins to lift. Governmental policies tend to be supportive towards renewable energy in Japan and there are incentives and tax breaks for people who install solar panels, for example. Plus, increasing awareness of environmental issues is having a big impact on how pressing the need for more renewable energy provision has become. As a result, the growth forecasts for the next five years are impressive.