Taiwan Renewables Report

Published 05 February 2015

  • 42 pages
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$1,295.00
Taiwan Renewables Report

BMI View: We are currently maintaining our forecasts for limited average annual growth of around 4% in Taiwan's renewable energy sector, as a lack of progress on major projects and limited legislative development is hindering the realisation of ambitious government green energy targets. While nuclear and thermal energy are expected to continue to dominate Taiwan's energy mix, solar power capacity is forecast to grow a s much as 12.2% in 2015. B iomass and wind power will lead the way in terms of overall renewables capacity.

Although biomass and waste generation continues to constitute the bulk of non-hydropower renewables generation, other sources are expected to catch up in the coming years. This means that the biomass and waste share of the total is set to decrease in our forecast period. Solar energy is forecast to experience solid growth of 12.2% in 2015, with wind energy following at 6.3%. However, due to solar's extremely low base of 0.7% of non-hydropower renewables generation, biomass will still dominate the sector at around 70% up until 2024 and beyond. Nonetheless, solar growth is boosted by Taiwan's strong record as one of the largest producers of solar panels in the world, ambitious government targets, and the apparent merger between Motech and Topcell, rendering Motech the largest solar cell manufacturer globally by mid-2015.

Although wind power growth is suffering from delays in some major projects, the sector's share of non-hydropower renewables generation is expected to grow towards 30% by the end of our forecast period, amounting to 2.44TWh in 2023. Substantial new offshore wind farm projects are finally making progress and a new venture by China Steel and Taiwan International Ports Corporation to construct a new port and wind turbine manufacturing facility in Taiwan will also benefit the expansion of the sector.

Taiwan's government has reiterated its commitment to developing enhanced renewable energy capacity, and has set substantial...

Table of Contents

BMI Industry View
7
SWOT
9
Industry Forecast
11
Taiwan Renewables Forecast Scenario
11
Table: Taiwan Total Electricity Generation, Historical Data And Forecasts, 2012-2017
11
Table: Taiwan Total Electricity Generation, Long-Term Forecasts, 2018-2023
12
Table: Taiwan Electricity Generating Capacity, Historical Data And Forecasts, 2012-2017
14
Table: Taiwan Electricity Generating Capacity, Long-Term Forecasts, 2018-2023
15
Table: Taiwan - Solar Feed-In Tariffs, 2013
19
Taiwan Renewables Projects Database
23
Table: Taiwan Key Projects
23
Industry Risk Reward Ratings
24
Taiwan Renewables Risk/Reward Index
24
Rewards
24
Risks
24
Market Overview
26
Sustainable Energy Policy And Infrastructure
26
Targets (Renewables And Emissions)
26
Subsidies
27
Table: Renewable Feed-In Tariffs In Taiwan, 2013
27
Infrastructure
28
Competitive Landscape
30
Taiwan Power Co
30
Motech Industries
31
Teco Electric & Machinery (Teco)
31
WPD Group (WPD)
31
Taiwan Generations Corp (TGC)
32
Green Energy Technology (GET)
32
Glossary
33
Table: Glossary Of Terms
33
Methodology
34
Methodology And Sources
34
Industry Forecast Methodology
34
Sources
36
Risk/Reward Index Methodology
36
Table: Renewables Risk/Reward Index Indicators
38
Table: Weighting Indicators
40

The Taiwan Renewables Report researched at source contains Business Monitor International (BMI)'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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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc