Taiwan Renewables Report

Published 12 May 2015

  • 43 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: Despite ambitious government targets aiming to substantially increase Taiwan's renewable energy capacity by 2030, little progress has been made on the ground and at present we are maintaining our forecasts for limited overall growth in the renewable energy sector throughout our forecast period to 2024. Biomass and waste generation will continue to dominate the non-hydropower renewables sector, al though solar and wind power will gradually gain greater market shares.

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. Feed-in-tariffs and regulatory improvements will facilitate new developments, along with government funding. However, the dominance of state-owned Taiwan Power Company (Taipower), which has a monopoly on energy supply, could deter potential investors and furthermore, the process of passing crucial legislation regarding greenhouse gas reductions and carbon taxes in parliament is extremely slow. As such, the country's reliance on traditional thermal and nuclear power will continue for the foreseeable future.

Biomass and waste generation is the most well established of the non-hydropower renewable energy options in Taiwan, accounting for a forecast 67.3% of non-hydropower renewables generation in 2015, around 1.6% of the country's total energy mix. Although we expect biomass and waste energy to grow throughout the forecast period, it will be outpaced by stronger growth in solar and wind power and as such will slightly lose market share, accounting for 60.8% of renewables generation by 2024, 1.6% of the total energy mix.

Wind power is the second biggest non-hydropower renewables source in Taiwan, accounting for 32.1% of power generation in 2015. Taiwan has considerable potential offshore wind power capacity, and several projects are planned and under...

Table of Contents

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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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