Taiwan Renewables Report

Published 27 July 2015

  • 39 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
$1,295.00
Taiwan Renewables Report

BMI View: Taiwan is not short of ambition for developing renewable energy, but limited progress has been made in the expansion, primarily due to the unstable policy environment and low liberalisation levels in the power sector. However, considering the government ' s focus on offshore wind power and the significant solar panel manufacturing base in Taiwan, we do expect growth to pick up marginally across these segments over out 10-year forecast period.

Taiwan has set extensive targets for renewable energy, aiming to have 16% of energy from renewable sources by 2030 with ambitious programmes such as 'Million Solar Rooftop PVs' and 'Thousand Wind Turbines' setting up a framework for development. The government aims to install 1.2GW of onshore wind capacity by 2030, 3GW of offshore wind by the same time, and 6.2GW of solar capacity also by 2030. However, despite the ambitious targets and the implementation of regulations that aim to encourage the development of renewable energy (including feed-in tariffs, tax incentives and tradable renewable energy certificates), progress has been slow and the project pipeline remains limited.

This relatively unattractive investment environment will ensure that growth in Taiwan's renewables will underperform against the government's ambitious targets. We expect non-hydro renewables capacity to reach 3.1GW by 2024, with annual average growth rates in capacity of 6.2% between 2015 and 2024.

Key Trends And Developments Include:

  • A new formula to calculate electricity prices in Taiwan comes into effect from April 1 2015, with a short-term drop in prices of 7.3% expected before a correction later in the year.

  • On December 26, Taiwanese solar cell manufacturer Motech announced that it will acquire domestic rival Topcell Solar International (TSi) via a stock exchange. Motech will offer one share for six Topcell shares, and will issue 45.7mn new shares with a value of TWD2.05bn (USD64.6mn) to complete the acquisition. The acquisition...

BMI Industry View
7
SWOT
9
Industry Forecast
12
Taiwan Renewables Forecast Scenario
12
Table: Total Electricity Generation Data And Forecasts (Taiwan 2013-2018)
12
Table: Total Electricity Generation Data And Forecasts (Taiwan 2019-2024)
13
Table: Electricity Generating Capacity Data And Forecasts (Taiwan 2013-2018)
15
Table: Electricity Generating Capacity Data And Forecasts (Taiwan 2019-2024)
16
Table: Taiwan - Solar Feed-In Tariffs, 2013
20
Taiwan Renewables Projects Database
24
Table: Taiwan Key Renewables Projects
24
Industry Risk Reward Index
25
Taiwan Renewables Risk/Reward Index
25
Rewards
25
Risks
25
Market Overview
27
Sustainable Energy Policy And Infrastructure
27
Targets (Renewables And Emissions)
27
Subsidies
28
Table: Renewable Feed-In Tariffs In Taiwan, 2013
28
Infrastructure
30
Competitive Landscape
32
Taiwan Power Co
32
Motech Industries
33
Teco Electric & Machinery (Teco)
34
WPD Group (WPD)
34
Taiwan Generations Corp (TGC)
34
Green Energy Technology (GET)
35
Glossary
36
Table: Glossary Of Terms
36
Methodology
37
Methodology And Sources
37
Industry Forecast Methodology
37
Sources
39
Risk/Reward Index Methodology
39
Table: Renewables Risk/Reward Index Indicators
41
Table: Weighting Indicators
42

The Taiwan Renewables Report researched at source contains BMI Research's assessment of the current renewables market in Taiwan. The report also contains historical data together with forecasts to end-2018 covering electricity generation (TWh) and electricity capacity (MW).

The renewables sectors covered in the report include Wind, Solar, Geothermal, Tidal and Wave, and Biomass (See Table of Contents for exact coverage). The report also features details on government green energy agendas and funding opportunities, as well as presenting a detailed list of key renewables projects currently being planned or undertaken in Taiwan, their capacity, the timeframe of construction and their current status.

The report discusses the various energy policies currently in force, including targets, subsidies and the relevant infrastructure developments or limitations which might impact on renewables growth, analysing the potential effects of regulatory changes in conjunction with the background macroeconomic outlook. Finally, there is a general overview of the competitive landscape in Taiwan, together with a detailed summary of the main utilities and manufacturers present and their business operations.

BMI's Taiwan Renewables Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with unique independent forecasts and competitive intelligence on the Taiwan renewables industry.

Key Benefits

  • Benchmark BMI's independent renewables industry forecasts for Taiwan to test other views - a key input for successful budgeting and planning in the renewables market.
  • Target business opportunities and risks in the Taiwan renewables sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in the country.

Coverage

BMI Industry View

Summary of BMI's key industry forecasts, views and trend analysis covering the renewables market in Taiwan, regulatory changes, major investments and projects and significant multinational and national company developments.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the renewables sector and within the broader political, economic and business environment.

BMI Industry Forecasts

Historic data series (2010-2012) and forecasts to end-2018 for electricity generation (TWh) and electricity generating capacity (MW) for each individual renewables sector present in the country.

These in turn are broken down into:

Electricity Generation: Overall capacity (TWh), growth % change year-on-year, KWh per capita, % of Total Non-Hydropower renewables generation, % of total electricity generation.

Electricity Capacity: Overall capacity (MW), growth % change year-on-year, % of non-hydroelectric renewables capacity and % of total capacity.

These forecasts are in turn supported by explicit assumptions, in conjunction with analysis of the key risks to the main forecast.

Business Environment Rankings

BMI's Renewables Business Environment Rankings provide fully comparable Risk-Reward Rankings aimed at investors in the regional renewables market.

The rankings methodology makes sophisticated use of various industry, economic and demographic data point.

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