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. C onsidering Taiwanese 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. However, we retain our view that Taiwan will fall short of its ambitious renewables targets.
|f = BMI forecast. Source: EIA, National Sources, BMI|
|Generation, Non-Hydropower Renewables, TWh||5.618||6.261||6.677||7.130||7.623||8.141||8.683||9.103||9.537||9.987||10.455|
|Generation, Non-Hydropower Renewables, % y-o-y||3.872||11.436||6.644||6.781||6.923||6.793||6.664||4.831||4.772||4.715||4.690|
|Capacity, Non-Hydroelectric Renewables, MW||1,823.1||1,916.4||2,017.4||2,177.6||2,356.2||2,544.3||2,739.2||2,872.4||2,993.5||3,099.7||3,217.0|
|Capacity, Non-Hydroelectric Renewables, % y-o-y||4.8||5.1||5.3||7.9||8.2||8.0||7.7||4.9||4.2||3.5||3.8|
Latest Updates and Structural Trends
We believe Taiwan's pursuit of offshore wind faces significant hurdles, stemming from the high development costs of the technology and the unstable policy environment for renewable energy. As such, our 10-year wind capacity forecasts remain bearish when compared to government targets.
In September 2015, German firm Siemens has been named as preferred supplier to the second phase of the Formosa offshore wind farm in Taiwan.
In September 2015, Taiwanese government further raised its renewable energy targets, which now aim to reach 17,250MW renewables capacity by 2030, which would...
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.
- 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.
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.