- Language: English
- Published: November 2012
Taiwan Renewables Report Q4 2012
- Published: July 2012
- Region: Taiwan
- 26 Pages
- Business Monitor International
The Taiwan Mining Report provides industry professionals and strategists, corporate analysts, mining associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on taiwan's mining industry.
Renewable energy in Taiwan is becoming an increasingly attractive proposition due to the country’s dependence on energy imports, as well as a growing carbon emissions problem. Wind energy is emerging as the renewable energy of choice, despite the country’s strong presence in solar manufacturing. Regulatory changes in 2011, as well as the formation of an offshore wind energy organisation, indicate that the country is looking to its long shoreline for power. We forecast non-hydro renewable power generation in Taiwan to come in at 4.9Terawatts per hour (TWh) in 2012, representing 3.88% growth from our 2011 estimate of 4.7TWh. From a longer-term perspective, we forecast non-hydro generation to grow an average of 7.09% per annum between 2012 and 2021. We expect non-hydro generation to reach 9.32TWh in 2021, and total renewable generating capacity to reach 7.7GW by 2021, which is in line with the 10GW target by 2030 under the Renewable Energy Development Act (REDA).
Here are the key trends and regulatory changes in the industry:
- Taiwan’s Environmental Protection Administration (EPA) listed six greenhouse gases, including carbon dioxide, as air pollutants under the Clean Air Act in May 2012. They also released a statement saying that a carbon emission tax would take between three to five years to implement.
- The government raised FiTs for offshore wind by 33% and onshore wind by 9.7% in 2011. Rates were cut slightly in 2012 to reflect lower costs.
- A consortium called the Taiwan Offshore Wind Power Alliance was formed to develop the country’s first wind farm in Changhua, comprising 18 Taiwanese companies from engineering, manufacturing, and energy sectors. The first phase of 10MW is expected to be completed by 2013, and a further 610MW by 2016.
- Solar FiTs were cut by 10% in 2012, despite an earlier cut of 8% in 2011. We believe that these cuts are a result of the slow growth in solar energy, and less than ideal generation conditions.
- The world’s largest concentrated photovoltaic (CPV) solar plant of 59MW was supposed to have been completed in 2011, but development of the Taiwan-based facility has met with delays.
- The FiT for biomass was raised by 24% in 2012, leading us to predict sustained growth in biomass generation and capacity in the long run. The major source for biomass generation is biogas from landfills and municipal solid waste (MSW) currently. SHOW LESS READ MORE >
BMI View 5
SWOT Analysis 6
Taiwan Renewables SWOT 6
Industry Forecast Scenario 7
Table: Taiwan Total Electricity Generation Data And Forecasts, 2010 - 2016 7
Table: Taiwan Total Electricity Generation Long Term Forecasts, 2015 - 2021 8
Table: Taiwan Electricity Generating Capacity Data And Forecasts , 2010 - 2016 10
Table: Taiwan Electricity Generating Capacity Long Term Forecasts, 2015 - 2021 11
Sustainable Energy Policy and Infrastructure 16
Targets (Renewables and Emissions) 16
Table: Renewable Feed-In Tariffs in Taiwan, 2012 17
Competitive Landscape 20
Motech Industries 20
Green Energy Technology (GET) 20
Teco Electric & Machinery (Teco) 21
WPD Group (wpd) 21
Taiwan Generations Corp (TGC) 21
Glossary of Terms 22
Table: Glossary of Terms 22
Methodology and Sources 23
Industry Forecasts 23
Renewables Industry - Data Methodology 24
Generation Data 24
Electricity Generation Capacity Data 24
- Motech Industries
- Green Energy Technology (GET)
- Teco Electric & Machinery (Teco)
- WPD Group (wpd)
- Taiwan Generations Corp (TGC)
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