Taiwan Renewables Report

Published 16 November 2015

Quarterly report providing expert analysis, independent forecasts and competitive intelligence on the Renewables industry.

Report includes: BMI Industry View, Industry SWOT Analysis, BMI Industry Forecast, BM's Renewables Risk Reward Index, Market Overview, Business Environment Rankings and Competitive Landscape.

Why you should buy this report

  • Benchmark BMI's independent renewables industry forecasts to test other views
  • Understand the threats to your operations and investments and protect your company against future risks
  • Gain insight on emerging trends that could support, strengthen or disrupt your activities in the market
  • Get a full view of the competitive landscape to assess your market position.

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Taiwan Renewables Report
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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.

Renewables Headline Forecasts (Taiwan 2014-2024)
2014e 2015f 2016f 2017f 2018f 2019f 2020f 2021f 2022f 2023f 2024f
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...

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BMI Industry View
Industry Forecast
Taiwan Renewables Forecast Scenario
Table: Total Electricity Generation Data And Forecasts (Taiwan 2013-2018)
Table: Total Electricity Generation Data And Forecasts (Taiwan 2019-2024)
Table: Electricity Generating Capacity Data And Forecasts (Taiwan 2013-2018)
Table: Electricity Generating Capacity Data And Forecasts (Taiwan 2019-2024)
Taiwan Renewables Projects Database
Table: Taiwan Key Renewables Projects
Industry Risk Reward Index
Taiwan Renewables Risk/Reward Index
Market Overview
Sustainable Energy Policy And Infrastructure
Targets (Renewables And Emissions)
Table: Renewable Feed-In Tariffs In Taiwan, 2013
Competitive Landscape
Taiwan Power Co
Motech Industries
Teco Electric & Machinery (Teco)
WPD Group (WPD)
Taiwan Generations Corp (TGC)
Green Energy Technology (GET)
Table: Glossary Of Terms
Methodology And Sources
Industry Forecast Methodology
Risk/Reward Index Methodology
Table: Renewables Risk/Reward Index Indicators
Table: Weighting Indicators

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.


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.