Alert: Japan Nuclear Issues Help Renewables Sentiment, but the Near-Term Remains Unclear
Actual supply impact limited — Based on our global supply model, we estimate Japan accounts for <10% of global module production and much less at the upstream poly/wafer level with most upstream suppliers focused on the semi market. Additionally, much of this supply is captive to the Japan market. Thus, while the tragic events at the Fukushima nuclear plant should not be negative for pricing, it is hard to see a meaningfully positive impact on renewables.
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Actual supply impact limited — Based on our global supply model, we estimate Japan accounts for <10% of global module production and much less at the upstream poly/wafer level with most upstream suppliers focused on the semi market. Additionally, much of this supply is captive to the Japan market. Thus, while the tragic events at the Fukushima nuclear plant should not be negative for pricing, it is hard to see a meaningfully positive impact on renewables. 
