1 Table of Contents 2
1.1 List of Tables 10
1.2 List of Figures 12
2 Japan Wind Power Industry 13
2.1 Japan Power Market 13
2.1.1 Japan Power Market, Overview 13
2.1.2 Japan Power Market, Installed Capacity by Fuel Type, 2008 13
2.2 Japan Renewable Power Market 14
2.2.1 Japan Renewable Power Market, Overview 14
2.2.2 Japan Renewable Power Market, Installed Capacity by Fuel Type, 2008 15
2.2.3 Japan Renewable Power Market, Growth by Fuel Type, 2001-08 16
2.3 Japan Wind Power Market, Size and Growth, 2001-13 16
2.3.1 Japan, Cumulative Installed Wind Power Capacity, 2001-13 16
2.3.2 Japan, Wind Power Generation, 2001-13 18
2.4 Japan Wind Power Market, Offshore Development 19
2.5 Japan Wind Power Market, Installed Capacity by Regions, 2008 19
2.6 Japan Wind Power Market, Under Construction Wind Farms 21
3 Japan Wind Energy Regulatory Framework 22
3.1 Japan Renewable Energy Regulatory Framework, Overview 22
3.1.1 Japan Renewable Energy Policy Platform (JREPP) 22
3.1.2 Green Power: Renewable Portfolio Standards (RPS) – 2007 22
3.1.3 Green Power Certification System 24
3.1.4 Vision for New Energy Business 25
3.1.5 Net Metering Policy 25
3.1.6 Japan Renewable Energy, New Policies 25
3.2 Japan Wind Power Regulatory Framework 26
3.2.1 Japan Wind Power Regulatory Framework, Overview 26
3.2.2 National Incentive Programs for Wind 26
3.2.3 Utilities’ Resistance 27
4 Vestas Wind Systems A/S 28
4.1 Key Information 28
4.2 Company Overview 28
4.3 Financial Performance 28
4.4 Industry Outlook 28
4.5 SWOT Snapshot 29
4.6 Business Description 29
4.6.1 Business Overview 29
4.6.2 Production and Sales of Wind Turbines 29
4.7 Major Products and Services 31
4.7.1 Overview 31
4.8 History 32
4.9 Business Strategy 36
4.9.1 Mission Statement 36
4.9.2 Strategy 36
4.9.3 Key Strategies 37
4.9.4 Corporate Social Responsibility 37
4.10 SWOT Analysis 38
4.10.1 Overview 38
4.10.2 Vestas Wind Systems A/S Strengths 38
4.10.3 Vestas Wind Systems A/S Weaknesses 39
4.10.4 Vestas Wind Systems A/S Opportunities 40
4.10.5 Vestas Wind Systems A/S Threats 41
4.11 Competitors 42
4.12 Revenue Analysis 42
4.12.1 Revenue by Segment 42
4.12.2 Revenue by Geography 43
4.13 Share Holding Structure 43
4.14 Key Employees 44
4.15 Key Employee Biographies 44
4.16 Company Statement 46
4.17 Locations and Subsidiaries 48
4.17.1 Head Office 48
4.17.2 Other Locations & Subsidiaries 49
5 Lagerwey wind BV, Company Overview 50
5.1 Key Information 50
5.2 Major Products and Services 50
5.2.1 Overview 50
5.3 Locations and Subsidiaries 50
5.3.1 Head Office 50
6 GE Energy, Company Snapshot 51
6.1 Key Information 51
6.2 Company Overview 51
6.3 Financial Performance 51
6.4 Industry Outlook 51
6.5 Business Description 52
6.5.1 Business Overview 52
6.6 Major Products and Services 53
6.6.1 Overview 53
6.7 SWOT Analysis 56
6.7.1 Overview 56
6.7.2 GE Energy Strengths 57
6.7.3 GE Energy Weaknesses 58
6.7.4 GE Energy Opportunities 58
6.7.5 GE Energy Threats 59
6.8 Competitors 61
6.9 Key Employees 61
6.10 Key Employee Biographies 61
6.11 Company Statement 62
6.12 Locations and Subsidiaries 62
6.12.1 Head Office 62
6.12.2 Other Locations & Subsidiaries 63
7 Gamesa Corporacion Technologica,S.A. , Company Snapshot 64
7.1 Key Information 64
7.2 Company Overview 64
7.3 Financial Performance 64
7.4 SWOT Snapshot 64
7.5 Business Description 65
7.5.1 Business Overview 65
7.5.2 Generation 65
7.5.3 Manufacturing 66
7.5.4 Solar Power 68
7.6 Major Products and Services 69
7.6.1 Overview 69
7.7 History 69
7.8 Business Strategy 71
7.8.1 Mission Statement 71
7.8.2 Strategy 71
7.8.3 Corporate Social Responsibility 73
7.9 SWOT Analysis 74
7.9.1 Overview 74
7.9.2 Gamesa Corporacion Tecnologica, S.A. Strengths 74
7.9.3 Gamesa Corporacion Tecnologica, S.A. Weaknesses 75
7.9.4 Gamesa Corporacion Tecnologica, S.A. Opportunities 75
7.9.5 Gamesa Corporacion Tecnologica, S.A. Threats 76
7.10 Competitors 77
7.11 Revenue Analysis 77
7.11.1 Revenue by Segment 77
7.11.2 Revenue by Geography 78
7.12 Share Holding Structure 79
7.13 Key Employees 79
7.14 Key Employee Biographies 80
7.15 Company Statement 80
7.16 Locations and Subsidiaries 82
7.16.1 Head Office 82
7.16.2 Other Locations & Subsidiaries 83
8 Enercon GmbH, Company Snapshot 85
8.1 Key Information 85
8.2 Company Overview 85
8.3 Industry Outlook 85
8.4 Business Description 86
8.4.1 Business Overview 86
8.5 Major Products and Services 87
8.5.1 Overview 87
8.6 History 87
8.7 SWOT Analysis 88
8.7.1 Overview 88
8.7.2 Enercon GmbH Strengths 89
8.7.3 Enercon GmbH Weaknesses 90
8.7.4 Enercon GmbH Opportunities 90
8.7.5 Enercon GmbH Threats 91
8.8 Competitors 91
8.9 Key Employees 92
8.10 Locations and Subsidiaries 92
8.10.1 Head Office 92
8.10.2 Other Locations & Subsidiaries 92
9 REpower Systems AG, Company Snapshot 94
9.1 Key Information 94
9.2 Company Overview 94
9.3 Financial Performance 94
9.4 Industry Outlook 94
9.5 SWOT Snapshot 95
9.6 Business Description 95
9.6.1 Business Overview 95
9.6.2 Germany 95
9.6.3 Outside Germany 96
9.7 Major Products and Services 98
9.7.1 Overview 98
9.8 History 98
9.9 Business Strategy 100
9.9.1 Mission Statement 100
9.9.2 Strategy 101
9.9.3 Corporate Social Responsibility 102
9.10 SWOT Analysis 102
9.10.1 Overview 102
9.10.2 REpower Systems AG Strengths 102
9.10.3 REpower Systems AG Weaknesses 104
9.10.4 REpower Systems AG Opportunities 105
9.10.5 REpower Systems AG Threats 106
9.11 Competitors 106
9.12 Revenue Analysis 107
9.12.1 Revenue by Segment 107
9.13 Revenue by Geography 108
9.14 Share Holding Structure 108
9.15 Key Employees 108
9.16 Key Employee Biographies 109
9.17 Company Statement 110
9.18 Locations and Subsidiaries 111
9.18.1 Head Office 111
9.18.2 Other Locations & Subsidiaries 111
10 Japan Wind Development Co., Ltd., Company Overview 113
10.1 Key Information 113
10.2 Major Products and Services 113
10.2.1 Overview 113
10.3 Competitors 113
10.4 Key Employees 114
10.5 Locations and Subsidiaries 114
10.5.1 Head Office 114
10.5.2 Other Locations & Subsidiaries 114
11 Eurus Energy Holdings Corporation, Company Overview 115
11.1 Key Information 115
11.2 Financial Performance 115
11.3 Major Products and Services 115
11.3.1 Overview 115
11.4 Competitors 116
11.5 Key Employees 116
11.6 Locations and Subsidiaries 116
11.6.1 Head Office 116
11.6.2 Other Locations & Subsidiaries 117
12 Clean Energy Factory Co.,Ltd, Company Overview 118
12.1 Key Information 118
12.2 Major Products and Services 118
12.2.1 Overview 118
12.3 Competitors 118
12.4 Key Employees 119
12.5 Locations and Subsidiaries 119
12.5.1 Head Office 119
12.5.2 Other Locations & Subsidiaries 119
13 Financial Deals Landscape 120
13.1 Detailed Deal Summary 120
13.1.1 Acquisition 120
13.1.2 Debt Offerings 122
13.1.3 Partnerships 135
14 Recent Developments 136
14.1 New Contracts 136
14.1.1 Jul 03, 2008: Mazda to Provide Green Electricity for Japanese Pro Baseball's 2008 All-Star Games 136
14.2 Operations Updates 136
14.2.1 Dec 01, 2008: Yamaha Motor Installs Solar and Wind Powered Generating Systems at Nakaze Plant 136
14.2.2 Sep 29, 2008: Eurus and Yonden Announce Completion of Okawara Windfarm 137
14.3 Financial Announcements 138
14.3.1 Jan 30, 2009: TEPCO Reports Nine Months Fiscal 2008 Results 138
14.3.2 Jan 30, 2009: KEPCI Declares Nine Months Fiscal 2008 Results 138
14.3.3 Jan 28, 2009: ITOCHU Reports Nine Months Ended Fiscal 2009 Results 139
14.3.4 Oct 31, 2008: KEPCI Declares Q2 Fiscal 2008 Results 139
14.3.5 Oct 31, 2008: TEPCO Reports 1H Fiscal 2008 Results 140
14.3.6 Jul 31, 2008: Kansai Electric Reports 1Q Fiscal 2009 Results 140
14.3.7 Jul 31, 2008: Chubu Electric Reports 1Q Fiscal 2009 Results 140
14.3.8 Jul 28, 2008: TEPCO Reports 1Q Fiscal 2008 Results 142
14.3.9 Apr 30, 2008: Kansai Electric Reports Fiscal 2008 Results 142
14.3.10 Apr 28, 2008: Chubu Electric Reports Fiscal 2008 Results 142
14.4 Strategy and Business Planning 145
14.4.1 Jan 30, 2009: Kansai to Build 24 MW Wind Farm in Japan 145
14.4.2 May 21, 2008: Shell Pans for a New Offshore Wind Project 146
14.4.3 May 15, 2008: TEPCO to Construct Wind Farm in Japan 146
14.4.4 Mar 20, 2007: J-POWER, Mitsui and WFL Launch Wind Power Generation Project in Poland 147
14.4.5 Feb 19, 2007: Eurus and Kinden to Begin Construction of Shin Izumo Wind Farm 147
14.4.6 Jan 22, 2007: Nippon Oil and SK to Develop Strategic Business 147
14.4.7 Jun 20, 2006: Nippon Oil and Japan Energy to Enter Business Alliance 148
14.4.8 Jun 15, 2006: Catamount, Marubeni End Wind Energy Project 149
14.5 Government and Public Interest 150
14.5.1 Jan 20, 2008: Japan to Tap Offshore Wind for Power 150
14.6 Other Significant Developments 150
14.6.1 Jul 28, 2008: REGL Extends PPA with Smartest Energy 150
14.6.2 May 08, 2008: ScottishPower Submits Application for Llandinam Windfarm Repowering 151
15 Appendix 152
15.1 Methodology 152
15.2 About Global Data 152
15.3 Contact Us 152
15.4 Disclaimer 152

1.1 List of Tables
Table 1: Japan, Cumulative Installed Power Generation Capacity, By Fuel Type, %, 2008 14
Table 2: Japan, Cumulative Installed Renewable Power Generation Capacity (Including Hydro), MW, 2001-08 15
Table 3: Japan, Cumulative Installed Renewable Power Generation Capacity, By Fuel Type,%, 2008 16
Table 4: The US, Cumulative Installed Renewable Power Generation Capacity, By Fuel Type, MW, 2001-08 16
Table 5: Japan, Cumulative Installed Wind Power Capacity, MW, 2001-13 17
Table 6: Japan, Wind Power Generation, GWh, 2001-13 18
Table 7: Japan, Cumulative Installed Wind Power Capacity, By Regions, % Share, 2008 20
Table 8: Japan, Under Construction Wind Farms 21
Table 9: Japan, JREPP Vision, Share of Renewables in Electricity Generation, 2050 22
Table 10: Japan, RPS, Power Generation Targets per Fiscal year 24
Table 11: Japan, National Incentive Programs for Wind 27
Table 12: Vestas Wind Systems A/S, Key Facts, 2007 28
Table 13: Vestas Wind Systems A/S, SWOT Analysis , 2007 38
Table 14: Vestas Wind Systems A/S, Revenue by Segment, Euro Million, 2003-07 43
Table 15: Vestas Wind Systems A/S, Revenue by Geography, Euro Million, 2003-07 43
Table 16: Vestas Wind Systems A/S, Share Holding Structure 43
Table 17: Vestas Wind Systems A/S, Key Employees, 2007 44
Table 18: Vestas Wind Systems A/S, Subsidiaries 49
Table 19: Vestas Wind Systems A/S, Subsidiaries (cont) 49
Table 20: Lagerwey wind BV, Key Facts 50
Table 21: GE Energy, Key Facts 51
Table 22: GE Energy, SWOT Analysis , 2007 56
Table 23: GE Energy, Key Employees, 61
Table 24: GE Energy, Other Locations 63
Table 25: Gamesa Corporacion Tecnologica, S.A., Key Facts, 2007 64
Table 26: Gamesa Corporacion Tecnologica, S.A., SWOT Analysis , 2007 74
Table 27: Gamesa Corporacion Tecnologica, S.A., Revenue by Segment, Euro Thousand, 2003-2007 77
Table 28: Gamesa Corporacion Tecnologica, S.A., Revenue by Geography, Euro Thousand, 2003-2007 78
Table 29: Gamesa Corporacion Tecnologica, S.A., Share Holding Structure 79
Table 30: Gamesa Corporacion Tecnologica, S.A., Key Employees, 2007 79
Table 31: Gamesa Corporacion Tecnologica, S.A., Other Locations 83
Table 32: Gamesa Corporacion Tecnologica, S.A., Subsidiaries 84
Table 33: Enercon GmbH, Key Facts 85
Table 34: Enercon GmbH, SWOT Analysis 89
Table 35: Enercon GmbH, Key Employees, 92
Table 36: Enercon GmbH, Subsidiaries 92
Table 37: Systems AG, Key REpower Facts, 2007 94
Table 38: REpower Systems AG, SWOT Analysis , 2007 102
Table 39: REpower Systems AG, Revenue by Segment, Euro Absolute, 2003-2007 107
Table 40: REpower Systems AG, Revenue by Geography, Euro Absolute, 2003-2007 108
Table 41: REpower Systems AG, Share Holding Structure 108
Table 42: REpower Systems AG, Key Employees, 2007 108
Table 43: REpower Systems AG, Other Locations 111
Table 44: REpower Systems AG, Subsidiaries 112
Table 45: Japan Wind Development Co., Ltd., Key Facts 113
Table 46: Japan Wind Development Co., Ltd., Key Employees, 114
Table 47: Japan Wind Development Co., Ltd., Other Locations 114
Table 48: Eurus Energy Holdings Corporation, Key Facts 115
Table 49: Eurus Energy Holdings Corporation, Key Employees, 116
Table 50: Eurus Energy Holdings Corporation, Other Locations 117
Table 51: Clean Energy Factory Co.,Ltd, Key Facts 118
Table 52: Clean Energy Factory Co.,Ltd, Key Employees, 119
Table 53: Clean Energy Factory Co.,Ltd, Subsidiaries 119
Table 54: Eurus Energy Holdings Acquires Satomi Wind Farm from IPP Japan 120
Table 55: Eurus Energy Acquires Wind Tech Minami-Towada and Wind Tech Yokohama from Toyota Tsusho 121
Table 56: The Tokyo Electric Power Company Announces Bond Offering of $324.11 Million 122
Table 57: Tokyo Electric Power Completes $523.88 Million of Bond Offering 123
Table 58: The Tokyo Electric Power Company Completes Public Offering of $310.56 Million 124
Table 59: The Tokyo Electric Power Company Completes Public Offering of $489.78 Million 125
Table 60: The Tokyo Electric Power Company Completes Public Offering of $552.41 Million 126
Table 61: The Tokyo Electric Power Company Completes Public Offering of $474.4 Million 127
Table 62: The Tokyo Electric Power Completes Public Offering of $470 Million 128
Table 63: The Tokyo Electric Power Company Completes Public Offering of $480.11 Million 129
Table 64: The Tokyo Electric Power Company Completes Public Offering of $495.24 Million 130
Table 65: The Tokyo Electric Power Company Completes Public Offering of $489.91 Million 131
Table 66: The Tokyo Electric Power Company Completes Public Offering of $484.5 Million 132
Table 67: The Tokyo Electric Power Company Completes $468.25 Million of Public Offering 133
Table 68: The Tokyo Electric Power Company Completes $468.25 Million of Public Offering 134
Table 69: Pohjolan Voima and Oulun Energia Form Partnership 135

1.2 List of Figures
Figure 1: Japan, Cumulative Installed Power Generation Capacity, By Fuel Type, %, 2008 13
Figure 2: Japan, Cumulative Installed Renewable Power Generation Capacity (Including Hydro), MW, 2001-08 14
Figure 3: Japan, Cumulative Installed Renewable Power Generation Capacity, By Fuel Type, %, 2008 15
Figure 4: Japan, Cumulative Installed Wind Power Capacity, MW, 2001-13 17
Figure 5: Japan, Wind Power Generation, GWh, 2001-13 18
Figure 6: Japan, Cumulative Installed Wind Power Capacity, By Regions, % Share, 2008 20