"Asia Pacific Renewable Energy Policy Handbook 2025” is among the latest region specific policy reports from the analyst, the industry analysis specialist. The report covers 17 major countries in the Asia Pacific region - Australia, Bangladesh, China, India, Indonesia, Japan, Kazakhstan, Laos, Malaysia, New Zealand, Pakistan, Philippines, Singapore South Korea, Taiwan, Thailand, and Vietnam. The report offers comprehensive information on major policies governing the renewable energy market in these countries. The report discusses renewable energy targets and plans along with the present policy framework, giving a fair idea of overall growth potential of the renewable energy industry. The report also provides major technology specific policies and incentives provided by the countries in the region.
The report is built using data and information sourced from industry associations, government websites, and statutory bodies. The information is also sourced through other secondary research sources such as industry and trade magazines.
The report is built using data and information sourced from industry associations, government websites, and statutory bodies. The information is also sourced through other secondary research sources such as industry and trade magazines.
Scope
- The report covers policy measures and incentives used by countries in the Asia Pacific region to promote renewable energy.
- The report details promotional measures in the Asia Pacific region both for the overall renewable energy industry and for specific renewable energy technologies that have potential in the region.
- The report covers 17 major countries in the Asia Pacific region - Australia, Bangladesh, China, India, Indonesia, Japan, Kazakhstan, Laos, Malaysia, New Zealand, Pakistan, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam.
Reasons to Buy
The report will enhance your decision making capability in a more rapid and time sensitive manner. It will allow you to:
- Develop business strategies with the help of specific insights about policy decisions being taken for different renewable energy sources.
- Identify opportunities and challenges in exploiting various renewable technologies.
- Compare the level of support provided to different renewable energy technologies in different countries in the region.
- Be ahead of competition by keeping yourself abreast of all the latest policy changes.
Table of Contents
List of FiguresList of Tables
1 Executive Summary
1.1 Solar power to set to become the largest renewable energy source by the end of 2030.
1.2 China to dominate global renewable capacity mix by 2030.
1.2 China to dominate global renewable capacity mix by 2030.
2 Renewable Energy Policy, Australia
2.1 Renewable Energy Market, Overview
2.2 Policy Snapshot
2.3 Renewable Energy Targets
2.4 Renewable Energy Policy Framework
2.2 Policy Snapshot
2.3 Renewable Energy Targets
2.4 Renewable Energy Policy Framework
- Renewable Energy Target (RET) Scheme
- Climate Change Target 2030
- Long Term Emissions Reduction Plan
- The Net Zero Plan
- Offshore Electricity Infrastructure Act 2021 (OEI)
- Financial Incentives and Policy Support for Solar Power, Australia, Federal Incentives
- Clean Energy Finance Corporation (CEFC)
- Emissions Reduction Fund (ERF)
- Australian Carbon Credit Units Scheme (ACCU)
- Federal Budget 2024-25
- Hydrogen Production Tax Incentive
- Future Made in Australia Innovation Fund
- National Hydrogen Strategy
- Australia-Germany Hydrogen Accord - Hygate program
- Microgrids
- Australian Clean Hydrogen Trade Program (ACHTP)
- Capacity Investment Scheme (CIS)
- Feed-in Tariffs
- South Australia Renewable Energy Auctions
- The Sustainability Incentives Scheme
- South Australia Energy and Emissions Reduction Agreement
- National Hydrogen Strategy - South Australia
- Electricity Infrastructure Roadmap
- Assessing large-scale solar projects in NSW
- Proposed New Energy Policy Framework
- Feed-in Tariffs
- Funds for Renewable Energy in Regional Communities
- Solar Homes Policy
- Solar for Low Income Household
- Empowering Homes: Solar Battery Loan Program
- NSW Energy and Emissions Reduction Agreement
- National Hydrogen Strategy - New South Wales
- Small-scale Technology Certificates
- Renewable Energy Action Plan
- Victoria's Climate Change Strategy
- Feed-in Tariffs
- Agriculture Energy Investment Plan (AEIP)
- New Renewable Energy Target for Victoria (VRET)
- The Victorian Renewable Energy Auction Scheme (VREAS)
- Renewable Hydrogen Commercialization Pathways Fund
- Victorian Big Battery (VBB)
- National Hydrogen Strategy - Victoria
- Feed-in Tariffs
- Renewable Energy Action Plan
- Renewable Energy Target
- Tasmania Energy Emissions Reduction and Resilience Plan (2024-2029)
- National Hydrogen Strategy - Tasmania
- Tasmanian Renewable Hydrogen Action Plan
- Feed-in Tariffs
- Queensland Renewable Energy Auctions
- Queensland interest-free solar loans
- Solar 150 initiative
- CleanCo
- National Hydrogen Strategy - Queensland
- ACT Renewable Energy Auctions
- Home Battery Storage Program
- Rooftop Solar Scheme
- Solar for Apartments Program
- Sustainable Household Scheme
- National Hydrogen Strategy - Australian Capital Territory
- Climate Policy
- Energy Transformation Strategy
- Distributed Energy Buyback Scheme (DEBS)
- National Hydrogen Strategy - Western Australia
- Roadmap to achieve Renewable Energy Target
- Incentives for Renewable Energy
- Solar Energy Transformation Program (SETuP)
- National Hydrogen Strategy - Northern Territory
3 Renewable Energy Policy, Bangladesh
3.1 Renewable Energy Market, Overview
3.2 Policy Snapshot
3.3 Renewable Energy Targets
3.4 Mujib Climate Prosperity Plan 2022-2041
3.5 Integrated Energy and Power Master Plan (IEPMP) 2023
3.6 Hydrogen Energy
3.7 Sustainable and Renewable Energy Development Authority Act
3.8 The Bangladesh Energy Regulatory Commission (BERC) Act 2003
3.9 Net Metering
3.10 Solar Home Systems Program
3.2 Policy Snapshot
3.3 Renewable Energy Targets
3.4 Mujib Climate Prosperity Plan 2022-2041
3.5 Integrated Energy and Power Master Plan (IEPMP) 2023
3.6 Hydrogen Energy
3.7 Sustainable and Renewable Energy Development Authority Act
3.8 The Bangladesh Energy Regulatory Commission (BERC) Act 2003
3.9 Net Metering
3.10 Solar Home Systems Program
4 Renewable Energy Policy, China
4.1 Renewable Energy Market, Overview
4.2 Policy Snapshot
4.3 Renewable Energy Targets
4.4 Energy Law
4.5 2024-2025 Energy Conservation and Carbon Reduction Action Plan
4.6 Renewable Energy Law
4.6.1 Taxation Measures
4.6.2 Grid Access
4.6.3 Interconnection Standards
4.6.4 Special Fund for Renewable Energy Development
4.6.5 Renewable Energy Power Consumption Guarantee Mechanism
4.6.6 Renewable Energy Law Amendments
4.7 Implementation Plan for Synergistic Efficiency Improvement of Pollution Reduction and Carbon Reduction
4.8 International Science and Technology Co-operation Program for New and Renewable Energy
4.9 The 14th Five-Year Plan
4.10 Hydrogen Energy in China
4.10.1 Shandong Province
4.10.2 Guangdong Province
4.10.3 Heibei Province
4.10.4 Ningxia Province
4.10.5 Henan Province
4.11 Renewable Portfolio Standard (RPS)
4.12 Carbon Intensity Target
4.13 National Emission Trading Scheme (ETS)
4.14 Subsidy-Free Solar, Wind Power Policy
4.15 Financial Incentives and Policy Support for Solar, China
4.15.1 Solar Auctions and Schemes
4.15.2 Solar Mandate
4.15.3 Action Plan for the Development of Smart Photovoltaic Industry
4.16 Financial Incentives and Policy Support for Wind, China
4.16.1 Wind Auctions and Rules
4.16.2 Notice on Provisional Management Measures for Distributed Wind Power Project Development and Construction for all provinces
4.16.3 Notice regulating the standardization of the wind power equipment and generators quality
4.16.4 Market Entry Standards for Wind Equipment Manufacturers
4.17 Financial Incentives and Policy Support for Hydropower, China
4.17.1 Preferential Value Added Tax for Small Hydropower
4.17.2 Rural Electrification Policies Favouring Small Hydro Installation
4.17.3 China Three Gorges rules for new domestic hydro projects
4.17.4 Action Plan for Reaching Carbon Peak Before 2030
4.17.5 ""Three Powers"" Support Plan (2022-2025)
4.18 Financial Incentives and Policy Support for Biopower, China
4.18.1 Value Added Tax for Biogas
4.18.2 Non-food Biomass Feedstock Standardization Technical Committee
4.2 Policy Snapshot
4.3 Renewable Energy Targets
4.4 Energy Law
4.5 2024-2025 Energy Conservation and Carbon Reduction Action Plan
4.6 Renewable Energy Law
4.6.1 Taxation Measures
4.6.2 Grid Access
4.6.3 Interconnection Standards
4.6.4 Special Fund for Renewable Energy Development
4.6.5 Renewable Energy Power Consumption Guarantee Mechanism
4.6.6 Renewable Energy Law Amendments
4.7 Implementation Plan for Synergistic Efficiency Improvement of Pollution Reduction and Carbon Reduction
4.8 International Science and Technology Co-operation Program for New and Renewable Energy
4.9 The 14th Five-Year Plan
4.10 Hydrogen Energy in China
4.10.1 Shandong Province
4.10.2 Guangdong Province
4.10.3 Heibei Province
4.10.4 Ningxia Province
4.10.5 Henan Province
4.11 Renewable Portfolio Standard (RPS)
4.12 Carbon Intensity Target
4.13 National Emission Trading Scheme (ETS)
4.14 Subsidy-Free Solar, Wind Power Policy
4.15 Financial Incentives and Policy Support for Solar, China
4.15.1 Solar Auctions and Schemes
4.15.2 Solar Mandate
4.15.3 Action Plan for the Development of Smart Photovoltaic Industry
4.16 Financial Incentives and Policy Support for Wind, China
4.16.1 Wind Auctions and Rules
4.16.2 Notice on Provisional Management Measures for Distributed Wind Power Project Development and Construction for all provinces
4.16.3 Notice regulating the standardization of the wind power equipment and generators quality
4.16.4 Market Entry Standards for Wind Equipment Manufacturers
4.17 Financial Incentives and Policy Support for Hydropower, China
4.17.1 Preferential Value Added Tax for Small Hydropower
4.17.2 Rural Electrification Policies Favouring Small Hydro Installation
4.17.3 China Three Gorges rules for new domestic hydro projects
4.17.4 Action Plan for Reaching Carbon Peak Before 2030
4.17.5 ""Three Powers"" Support Plan (2022-2025)
4.18 Financial Incentives and Policy Support for Biopower, China
4.18.1 Value Added Tax for Biogas
4.18.2 Non-food Biomass Feedstock Standardization Technical Committee
5 Renewable Energy Market, India
5.1 Renewable Energy Market, Overview
5.2 Policy Snapshot
5.3 Renewable Energy Targets
5.4 Electricity Act of 2003
5.6 Cross Border Power Trade Regulation, 2020
5.7 Cross Border Electricity Trade, 2021
5.8 Scheme for Supply of Round-The-Clock (RTC) Renewable Energy
5.9 National Action Plan on Climate Change
5.11 Renewable Energy Certificates
5.13 Memorandum-Quality of Solar Modules
5.14 National Wind-Solar Hybrid Policy
5.15 National Repowering and Life Extension Policy for Wind Power Projects
5.16 Quality Control Manual for Grid Connected Rooftop Solar PV Systems and Solar PV Water Pumping Systems
5.17 Green Term Ahead Market (GTAM)
5.18 Green Energy Corridor
5.19 Extension on Waiver of Inter-State Transmission Charges
5.20 Union Budget Allocation
5.23 Renewable Energy Auctions
5.2 Policy Snapshot
5.3 Renewable Energy Targets
5.4 Electricity Act of 2003
- National Electricity Policy (NEP, 2022)
- National Electricity Policy (NEP, 2021)
5.6 Cross Border Power Trade Regulation, 2020
5.7 Cross Border Electricity Trade, 2021
5.8 Scheme for Supply of Round-The-Clock (RTC) Renewable Energy
5.9 National Action Plan on Climate Change
- State Action Plan on Climate Change (SAPCC)
5.11 Renewable Energy Certificates
- REC Amendment 2021
- REC Amendment 2022
5.13 Memorandum-Quality of Solar Modules
5.14 National Wind-Solar Hybrid Policy
5.15 National Repowering and Life Extension Policy for Wind Power Projects
5.16 Quality Control Manual for Grid Connected Rooftop Solar PV Systems and Solar PV Water Pumping Systems
5.17 Green Term Ahead Market (GTAM)
5.18 Green Energy Corridor
5.19 Extension on Waiver of Inter-State Transmission Charges
5.20 Union Budget Allocation
- 2025-2026
- 2023-2024
- Strategic Intervention for Green Hydrogen Transition (SIGHT) Programme
5.23 Renewable Energy Auctions
- Interstate Transmission Network System (ISTS)-Connected Wind-Solar Hybrid Power Projects
- Auction Analysis
- Small Hydro
- Bioenergy
- Solar Power
- Wind Power
- Support for Solar Power
- Support for Wind Power
- Support for Biopower
- Support for Small Hydropower
6 Renewable Energy Market, Indonesia
6.1 Renewable Energy Market, Overview
6.2 Policy Snapshot
6.3 Renewable Energy Targets
6.4 National Energy Policy
6.5 New Tariff Regime for Renewables
6.6 Presidential Regulation 112
6.7 Indonesia Electricity Supply Plan (RUPTL), 2021-2030
6.8 Revocation of 32 regulations in the Energy and Minerals Sector in 2018
6.9 Other Electricity Sector Regulations
6.11 Value-Added Tax and Import Duty Exemption for Renewable Energy Property
6.12 Geothermal Law
6.14 Other Fiscal Incentives
6.2 Policy Snapshot
6.3 Renewable Energy Targets
6.4 National Energy Policy
6.5 New Tariff Regime for Renewables
6.6 Presidential Regulation 112
6.7 Indonesia Electricity Supply Plan (RUPTL), 2021-2030
6.8 Revocation of 32 regulations in the Energy and Minerals Sector in 2018
6.9 Other Electricity Sector Regulations
- Ministerial Decree number 10/2017 (MEMR 10/2017)
- Ministerial Decree number 11/2017 (MEMR 11/2017)
6.11 Value-Added Tax and Import Duty Exemption for Renewable Energy Property
6.12 Geothermal Law
- Auctions for Geothermal Working Areas (WKP)
6.14 Other Fiscal Incentives
- Tax Allowance
- Tax Holiday
7 Renewable Energy Policy, Japan
7.1 Renewable Energy Market, Overview
7.2 Policy Snapshot
7.3 Renewable Energy Targets
7.4 Basic Energy Plan until 2030
7.5 Sixth Strategic Energy Plan, 2021
7.6 Hydrogen Energy in Japan
7.8 Amendment of the Renewable Energy Act (New Feed-in Tariff Act)
7.9 Feed-in Tariffs for Renewable Energy
7.12 Establishment of New Energy Development Organization
7.13 Renewable Energy Certificates (REC) in Japan
7.14 Act No. 89 of 2018
7.15 Cool Earth-Innovative Energy Technology Program
7.2 Policy Snapshot
7.3 Renewable Energy Targets
7.4 Basic Energy Plan until 2030
7.5 Sixth Strategic Energy Plan, 2021
7.6 Hydrogen Energy in Japan
- Basic Hydrogen Strategy
7.8 Amendment of the Renewable Energy Act (New Feed-in Tariff Act)
7.9 Feed-in Tariffs for Renewable Energy
- Feed-in-Premium (FiP)
- Solar PV Auctions
- Auction Analysis
- Offshore Wind Auctions
- Offshore Wind Bill
- Onshore Wind Auctions
- Biopower Auctions
7.12 Establishment of New Energy Development Organization
7.13 Renewable Energy Certificates (REC) in Japan
7.14 Act No. 89 of 2018
7.15 Cool Earth-Innovative Energy Technology Program
8 Renewable Energy Market, Kazakhstan
8.1 Renewable Energy Market, Overview
8.2 Policy Snapshot
8.3 Renewable Energy Targets
8.4 Law on Electricity
8.5 Law on the Use of Renewable Energy Sources
8.6 Doctrine for Carbon Neutrality by 2060
8.7 Hydrogen Energy
8.8 Long-Term Development Strategy for the Period up to 2025
8.9 Renewable Energy Auctions
8.10 New Financing Framework by EBRD for Renewables
8.2 Policy Snapshot
8.3 Renewable Energy Targets
8.4 Law on Electricity
8.5 Law on the Use of Renewable Energy Sources
8.6 Doctrine for Carbon Neutrality by 2060
8.7 Hydrogen Energy
8.8 Long-Term Development Strategy for the Period up to 2025
8.9 Renewable Energy Auctions
8.10 New Financing Framework by EBRD for Renewables
9 Renewable Energy Policy, Laos
9.1 Renewable Energy Market, Overview
9.2 Policy Snapshot
9.3 Renewable Energy Targets
9.4 Renewable Energy Development Strategy
9.5 Hydrogen Energy
9.6 Law on Investment Promotion
9.7 National Green Growth Strategy to 2030
9.8 National Policy on Sustainable Hydropower Development
9.9 Nationally Determined Contribution
9.2 Policy Snapshot
9.3 Renewable Energy Targets
9.4 Renewable Energy Development Strategy
9.5 Hydrogen Energy
9.6 Law on Investment Promotion
9.7 National Green Growth Strategy to 2030
9.8 National Policy on Sustainable Hydropower Development
9.9 Nationally Determined Contribution
10 Renewable Energy Policy, Malaysia
10.1 Renewable Energy Market, Overview
10.2 Policy Snapshot
10.3 Renewable Energy Targets
10.4 National Energy Policy (2022 - 2040)
10.5 Twelfth Malaysia Plan, 2021-2025
10.6 Malaysia Renewable Energy Roadmap (MyRER)
10.8 Feed-in Tariffs (FiTs)
10.9 Net-Energy Metering (NEM)
10.10 National Renewable Energy Policy and Action Plan
10.11 Hydrogen Energy in Malaysia
10.13 Green Investment Strategy
10.14 Green Technology Financing Scheme (GTFS)
10.15 Green Investment Tax Allowance (GITA) and Green Income Tax Exemption (GITE)
10.16 Large Scale Solar Photovoltaic (LSSPV) Program - Auctions
10.17 Supply Agreement of Renewable Energy (SARE)
10.18 Corporate Green Power Programme
10.2 Policy Snapshot
10.3 Renewable Energy Targets
10.4 National Energy Policy (2022 - 2040)
10.5 Twelfth Malaysia Plan, 2021-2025
10.6 Malaysia Renewable Energy Roadmap (MyRER)
- Key actions up to 2025
- Key actions up to 2035
10.8 Feed-in Tariffs (FiTs)
10.9 Net-Energy Metering (NEM)
10.10 National Renewable Energy Policy and Action Plan
10.11 Hydrogen Energy in Malaysia
- Hydrogen Economy & Technology Roadmap
10.13 Green Investment Strategy
10.14 Green Technology Financing Scheme (GTFS)
10.15 Green Investment Tax Allowance (GITA) and Green Income Tax Exemption (GITE)
10.16 Large Scale Solar Photovoltaic (LSSPV) Program - Auctions
10.17 Supply Agreement of Renewable Energy (SARE)
10.18 Corporate Green Power Programme
11 Renewable Energy Market, New Zealand
11.1 Renewable Energy Market, Overview
11.2 Policy Snapshot
11.3 Renewable Energy Targets
11.4 Offshore Renewable Energy Bill
11.5 Energy Strategy, 2011-2021 (Energy Strategy 2050)
11.6 Energy Efficiency and Conservation Strategy, 2017-2022
11.7 Hydrogen Energy
11.8 National Policy Statement for Renewable Electricity Generation
11.9 Buy-back Rates for Solar Power
11.10 Emissions Trading Scheme (ETS)
11.11 Zero Carbon Bill
11.12 Bioenergy Initiative
11.13 Crown Loans Programme
11.14 Maori & Public Housing Renewable Energy Fund
11.2 Policy Snapshot
11.3 Renewable Energy Targets
11.4 Offshore Renewable Energy Bill
11.5 Energy Strategy, 2011-2021 (Energy Strategy 2050)
11.6 Energy Efficiency and Conservation Strategy, 2017-2022
11.7 Hydrogen Energy
11.8 National Policy Statement for Renewable Electricity Generation
11.9 Buy-back Rates for Solar Power
11.10 Emissions Trading Scheme (ETS)
11.11 Zero Carbon Bill
11.12 Bioenergy Initiative
11.13 Crown Loans Programme
11.14 Maori & Public Housing Renewable Energy Fund
- Kainga Ora Renewable Energy Programme
- Community Renewable Energy fund
12 Renewable Energy Policy, Pakistan
12.1 Renewable Energy Market, Overview
12.2 Policy Snapshot
12.3 Renewable Energy Targets
12.4 Hydrogen Energy
12.5 Power Sector Reforms
12.8 Provincial power policies
12.10 Feed-in Tariffs (FiT), Pakistan
12.12 Net-metering
12.13 Sindh Solar Energy Program
12.14 Tax Exemptions
12.15 National Solar Energy Initiative
12.2 Policy Snapshot
12.3 Renewable Energy Targets
12.4 Hydrogen Energy
12.5 Power Sector Reforms
- National Power System Expansion Plan (NPSEP)
- Indicative Generation Capacity Expansion Plan (IGCEP)
- Tax Exemption under AREP
- Tax and Duty Exemption
- Exchange Protection
12.8 Provincial power policies
- Sindh
- Baluchistan
- Punjab
- Pakhtunkhwa
12.10 Feed-in Tariffs (FiT), Pakistan
- Solar Power Feed-in Tariffs
- Wind Power Feed-in Tariffs
- Small Hydropower Feed-in Tariffs
12.12 Net-metering
12.13 Sindh Solar Energy Program
12.14 Tax Exemptions
12.15 National Solar Energy Initiative
13 Renewable Energy Policy, Philippines
13.1 Renewable Energy Market, Overview
13.2 Policy Snapshot
13.3 Renewable Energy Targets
13.4 National Renewable Energy Program (NREP)
13.5 Renewable Energy Act
13.7 Green Energy Option Program (GEOP)
13.8 Net-Metering
13.9 Green Energy Auction Program (GEAP)
13.10 Open and Competitive Selection Process (OCSP)
13.11 Competitive Selection Process (CSP) for Power Supply Agreements
13.2 Policy Snapshot
13.3 Renewable Energy Targets
13.4 National Renewable Energy Program (NREP)
13.5 Renewable Energy Act
- Amendment 2021
- Amendment 2022
13.7 Green Energy Option Program (GEOP)
13.8 Net-Metering
13.9 Green Energy Auction Program (GEAP)
13.10 Open and Competitive Selection Process (OCSP)
13.11 Competitive Selection Process (CSP) for Power Supply Agreements
14 Renewable Energy market, Singapore
14.1 Renewable Energy Market, Overview
14.2 Policy Snapshot
14.3 Renewable Energy Targets
14.4 Electricity Act, 2002 (Amendment) Act, 2018
14.5 National Energy Policy
14.6 Solar PV Subsidies
14.9 Nationally Determined Contribution (NDC)
14.10 Tax Incentive for Energy Saving Equipment
14.11 Singapore’s Carbon Tax
14.12 National Hydrogen Strategdy
14.2 Policy Snapshot
14.3 Renewable Energy Targets
14.4 Electricity Act, 2002 (Amendment) Act, 2018
14.5 National Energy Policy
14.6 Solar PV Subsidies
- Simplified Credit Treatment Scheme (SCT)
- Enhanced Central Intermediary Scheme (ECIS)
- Renewable Energy Certificates (REC)
- SolarNova Program
14.9 Nationally Determined Contribution (NDC)
14.10 Tax Incentive for Energy Saving Equipment
14.11 Singapore’s Carbon Tax
14.12 National Hydrogen Strategdy
15 Renewable Energy Policy, South Korea
15.1 Renewable Energy Market, Overview
15.2 Policy Snapshot
15.3 Renewable Energy Targets
15.4 Green Growth Policy
15.5 New Deal 2.0
15.7 11th Basic Plan for Supply and Demand of Power (2024 - 2038)
15.8 Offshore Wind Promotion Act
15.9 Offshore Wind Power Supply Roadmap
15.10 Third Energy Master Plan 2019-2040
15.11 Korea Renewable Energy 3020 Plan
15.12 Renewable Portfolio Standard (RPS)
15.13 Renewable Energy Certificates (REC)
15.14 Fixed price contract bidding system
15.15 Auctions
15.16 Hydrogen Energy
15.17 Tax Audit Exemption
15.18 Mandatory Use of Renewable Energy for Public Buildings
15.19 K-RE100 Scheme
15.2 Policy Snapshot
15.3 Renewable Energy Targets
15.4 Green Growth Policy
15.5 New Deal 2.0
- Green New Deal
15.7 11th Basic Plan for Supply and Demand of Power (2024 - 2038)
15.8 Offshore Wind Promotion Act
15.9 Offshore Wind Power Supply Roadmap
15.10 Third Energy Master Plan 2019-2040
15.11 Korea Renewable Energy 3020 Plan
15.12 Renewable Portfolio Standard (RPS)
15.13 Renewable Energy Certificates (REC)
15.14 Fixed price contract bidding system
15.15 Auctions
15.16 Hydrogen Energy
15.17 Tax Audit Exemption
15.18 Mandatory Use of Renewable Energy for Public Buildings
15.19 K-RE100 Scheme
16 Renewable Energy Policy, Taiwan
16.1 Renewable Energy Market, Overview
16.2 Policy Snapshot
16.3 Renewable Energy Targets
16.4 The Electricity Act
16.5 Renewable Energy Development Act (REDA)
16.6 New Green Energy Revolution
16.7 National Energy Program
16.8 Green Finance Action Plan
16.9 Solar Power Programs
16.10 Feed in Tariffs
16.11 Incentives for Renewable Energy Sources
16.13 Other Programs and Initiatives
16.2 Policy Snapshot
16.3 Renewable Energy Targets
16.4 The Electricity Act
16.5 Renewable Energy Development Act (REDA)
16.6 New Green Energy Revolution
16.7 National Energy Program
16.8 Green Finance Action Plan
16.9 Solar Power Programs
16.10 Feed in Tariffs
16.11 Incentives for Renewable Energy Sources
- Demonstration awards and subsidies
- Tax incentives
16.13 Other Programs and Initiatives
- Shalun Green Energy Science City
- Green Energy Roofs Project
17 Renewable Energy Policy, Thailand
17.1 Renewable Energy Market, Overview
17.2 Policy Snapshot
17.3 Renewable Energy Targets
17.4 Thailand Integrated Energy Blueprint (TIEB)
17.5 Power Development Plan 2018-2037 (PDP2018)
17.6 Alternative Energy Development Plan 2015-2036
17.8 Feed-in-Tariffs
17.10 Net metering scheme for residential PV
17.11 Tax Incentives through Board of Investment
17.13 Carbon Credit
17.2 Policy Snapshot
17.3 Renewable Energy Targets
17.4 Thailand Integrated Energy Blueprint (TIEB)
17.5 Power Development Plan 2018-2037 (PDP2018)
17.6 Alternative Energy Development Plan 2015-2036
- Amendment of Alternative Energy Development Plan 2015-2036
17.8 Feed-in-Tariffs
- For Very Small Power Producers (VSPPs)
- Solar Power Feed-in-Tariffs
17.10 Net metering scheme for residential PV
17.11 Tax Incentives through Board of Investment
- Five-Year Investment Promotion Strategy
17.13 Carbon Credit
18 Renewable Energy Policy, Vietnam
18.1 Renewable Energy Market, Overview
18.2 Policy Snapshot
18.3 Renewable Energy Targets
18.4 Introduction of Competition in Power Market
18.5 Law on Electricity 2024
18.8 Renewable Energy Development Strategy 2016-2030 with outlook until 2050 (REDS)
18.9 National Green Growth Strategy
18.12 Net Metering Scheme
18.13 Model Power Purchase Agreements
18.17 Other incentives for Renewable Power Projects
18.2 Policy Snapshot
18.3 Renewable Energy Targets
18.4 Introduction of Competition in Power Market
18.5 Law on Electricity 2024
- Decree No. 18/2025/ND-CP
- Decree No. 56/2025/ND-CP
- Decree No. 57/2025/ND-CP
- Decree No. 58/2025/ND-CP
- Revised Power Development Plan VIII (PDP VIII)
18.8 Renewable Energy Development Strategy 2016-2030 with outlook until 2050 (REDS)
18.9 National Green Growth Strategy
- National Green Growth Strategy 2021-2030(Green Growth Strategy)
- Biopower Feed-in-Tariffs
18.12 Net Metering Scheme
18.13 Model Power Purchase Agreements
- Solar PPA Model
- Wind Power PPA Model
- Market access through CPTPP and EUVNFTA
- Tariff Guidelines for Solar Rooftop Projects
18.17 Other incentives for Renewable Power Projects
19 Appendix
19.1 Abbreviations
19.2 Methodology
19.2 Methodology
- Coverage
- Secondary Research
- About the Analyst
- Contact the Publisher
List of Tables
Table 1: Renewable Energy Policy, Asia-Pacific
Table 2: Policy Snapshot, Australia, 2024
Table 3: New Large-scale Renewable Energy Target, Annual Targets, Australia (TWh), 2015-2030
Table 4: HyGATE program
Table 5: Capacity Investment Scheme Wind Power Auction Result, Australia, 2024
Table 6: Capacity Investment Scheme BESS Auction Result, Australia, 2024
Table 7: Feed in Tariff Rate, New South Wales, Australia, 2024-2025
Table 8: Time-Varying Minimum FiTs, 2024-25
Table 9: Time-Varying Minimum FiTs, 2025-26
Table 10: Tasmanian Renewable Hydrogen Action plan Targets
Table 11: Feed in Tariff Rate, Queensland, Australia, 2024
Table 12: Renewable Energy Reverse Auction Winners, ACT, Australia
Table 13: Renewable Hydrogen Strategy, Western Australia
Table 14: Policy Snapshot, Bangladesh, 2024
Table 15: Power Supply Outlook, IEPMP, Bangladesh, 2022-2050
Table 16: Policy Snapshot, China, 2024
Table 17: Renewable Energy Law, China, Major Regulations
Table 18: Renewable Energy Law, China, Renewable Portfolio Standards by Province (%), 2021
Table 19: Power Market, China, Top 10 winners Solar PV Tender, 2019
Table 20: Policy Snapshot, India, 2024
Table 21: Renewable Energy Market, India, Renewable Purchase Obligation (%), 2023-2030
Table 22: Renewable Energy Certificate Volume, India, 2024-25
Table 23: Minimum Module Efficiency required to be eligible for enlistment under ALMM
Table 24: ISTS waiver of Offshore Wind Power projects
Table 25: ISTS waiver of Green Hydrogen and Green Ammonia projects
Table 26: SIGHT (Mode-1, Tranche-II) Auction Result, 2025
Table 27: PM Surya Ghar: Muft Bijli Yojana Subsidy Details, India
Table 28: SECI 1.2GW Wind T-XIV Auction Results
Table 29: Indicative Auction Tracjectory for Offshore Wind Power
Table 30: SECI 1.2GW ISTS Wind Solar Hybrid Power (Tranche-VI) Auction Results
Table 31: Renewable Energy Auctions, India, 2020-2025
Table 32: Renewable Energy Market, India, FiT for Small Hydro, 2019-2025
Table 33: Renewable Energy Market, India, FiT for Biopower-based Power Plants, FY2022-23
Table 34: Renewable Energy Market, India, Net Metering Regulations in Leading States
Table 35: Renewable Energy Market, India, Net Metering and Gross Metering Policy, Karnataka
Table 36: Policy Snapshot, Indonesia, 2024
Table 37: Specific renewable tariffs and method of appointment, Indonesia
Table 38: Applicable Tender process under Regulation 112, Indonesia
Table 39: Planned Capacity Additions (in MW), RUPTL, Indonesia, 2021-2030
Table 40: Geothermal Working Area (WKP) auction and the 2024 Preliminary and Exploration Survey Assignment Area (WPSPE) Results, Indonesia,
Table 41: Policy Snapshot, Japan, 2024
Table 42: Renewable Energy Cost Reduction Targets, Japan (JPY/kWh and $/kWh), 2030
Table 43: Renewable Energy Feed-in Tariffs, Japan (JPY/kWh and $/kWh), 2023
Table 44: FiTs and FiPs Eligibility by Year, Japan, 2022
Table 45: Renewable Energy Market, Japan, Solar PV Auctions
Table 46: Renewable Energy Market, Japan, Offshore Wind Auctions
Table 47: Renewable Energy Market, Japan, Onshore Wind Auctions
Table 48: Renewable Energy Market, Japan, Biopower Auctions
Table 49: Renewable Energy Market, Renewable Energy Certificates, Japan
Table 50: Policy Snapshot, Kazakhstan, 2024
Table 51: Renewable Energy Auctions, Kazakhstan, 2018
Table 52: Renewable Energy Auctions, Kazakhstan, 2019
Table 53: Renewable Energy Auctions, Kazakhstan, 2020
Table 54: Renewable Energy Auctions, Kazakhstan, 2021
Table 55: Renewable Energy Auctions, Kazakhstan, 2022
Table 56: Policy Snapshot, Laos, 2024
Table 57: Policy Snapshot, Malaysia, 2024
Table 58: NETR Targets, Malaysia, 2023-2050
Table 59: Feed-in Tariff, 2025
Table 60: NEM 3.0 quota allocation 2021-2023, 2021-2025
Table 61: Five strategic thrusts under the Hydrogen Roadmap
Table 62: Green Technology Incentives under Budget 2024, Malaysia
Table 63: Fourth LSS, Shortlisted bidders for Package P1 - Project Capacity from 10MW to less than 30MW
Table 64: Fourth LSS, Shortlisted bidders for Package P2 - Project Capacity from 30MW to less than 50MW
Table 65: Fourth LSS Winners
Table 66: Large-Scale Solar Program (LSS) Details
Table 67: LSS PETRA (LSS5) Eligibility Criteria
Table 68: Fifth LSS, Shortlisted bidders For Package 3 and 4
Table 69: LSS PETRA (LSS5+) Eligibility Criteria
Table 70: Policy Snapshot, New Zealand, 2024
Table 71: Hydrogen Action Plan, Key Priorities New Zealand, 2024
Table 72: Buy-back Rates for Renewable Electricity, New Zealand, 2025
Table 73: NZ Emissions Trading Scheme (ETS) Auction Results, New Zealand
Table 74: NZ Emissions Trading Scheme (ETS) Upcoming Auction, New Zealand
Table 75: Policy Snapshot, Pakistan, 2024
Table 76: Solar power Feed-in-Tariff, Pakistan
Table 77: Wind power Feed-in-Tariff, Pakistan
Table 78: High-head (> 20 meters) Hydropower Feed-in-Tariff, Pakistan
Table 79: Low-head (= 20 meters) Hydropower Feed-in-Tariff, Pakistan
Table 80: Renewable Energy Procurement (640MW) in Pakistan, 2024
Table 81: Policy Snapshot, Philippines, 2024
Table 82: NREP, 2011-2030 Installation Targets vs. Actual (MW)
Table 83: GEAP First Round Auction Results, Philippines, 2022
Table 84: GEAP Second Round Auction Results, Philippines, 2023, Installation Target year- 2024
Table 85: GEAP Second Round Auction Results, Philippines, 2023, Installation Target year- 2025
Table 86: GEAP Second Round Auction Results, Philippines, 2023, Installation Target year- 2026
Table 87: GEAP Third Round Auction Results, Philippines, 2025, Installation Target year- 2026
Table 88: Policy Snapshot, Singapore, 2024
Table 89: Renewable Energy Certificate Details, Singapore
Table 90: Renewable Energy Market, Capacity Awarded under SolarNova Program, Singapore
Table 91: Renewable Energy Market, Net metering Tariffs comparison of Retailers, Singapore
Table 92: Policy Snapshot, South Korea, 2024
Table 93: Generation Plan by Technology, 10th Basic Plan, South Korea, 2030-36
Table 94: Generation Target/Forecast for select technologies, 10th Basic Plan, South Korea, 2022-30
Table 95: 11th Basic Plan (2024-2038) Power Generation Estimation, South Korea
Table 96: Offshore Wind Promotion Act, Key Terms, South Korea, 2024
Table 97: Offshore Wind Power Roadmap Key Points, South Korea
Table 98: Renewable Portfolio Standards, South Korea, Targets (%), 2016-2026
Table 99: REC Weighting Scheme Details
Table 100: Offshore Wind Power Auction Result, South Korea, 2023
Table 101: Offshore Wind Power Auction Result, South Korea, 2024
Table 102: K-RE100 Scheme
Table 103: Policy Snapshot, Taiwan, 2024
Table 104: Feed-in Tariffs for Renewable Energy Sources, Taiwan, 2024
Table 105: Feed-in Tariffs for Solar Power Plants, Taiwan, 2024
Table 106 Renewable Auction Results, round 3.1, Taiwan, 2022
Table 107 Six Types of Contracts for Small Scale Green Energy Sale, 2023
Table 108 Renewable Auction Results, round 3.2, Taiwan, 2024
Table 109: Policy Snapshot, Thailand, 2024
Table 110: PDP Targets, Thailand
Table 111: Revised Target of Renewable Energy Capacity by 2037, Thailand
Table 112: PPA purchase target (MW) per SCOD year for each renewable energy project type
Table 113: Renewable Energy Market, Feed-in Tariff levels, Thailand, 2022
Table 114: Renewable Energy Market, Feed-in Tariff levels (THB/kWh), Thailand, 2022
Table 115: Renewable Energy Market, Solar Feed-in-Tariffs (BHT/kWh & $/kWh), Thailand, 2022
Table 116: Policy Snapshot, Vietnam, 2024
Table 117: Key Policy Guideline, Decree No 58, The Electricity Law 2024
Table 118: PDP VIII, Capacity Forecast, 2030 and 2050
Table 119:Compariosn of Previous and Revised PDP VIII, Capacity Forecast, 2030
Table 120: Renewable Energy Development goals
Table 121: Renewable Energy Targets for Total Primary Energy Consumption, Vietnam, 2020-2030
Table 122: Renewable Energy Development goals
Table 123: Purchase Price of Electricity from Rooftop Solar Power Systems
Table 124: Avoidable Cost Table 2025
Table 125: Abbreviations
Table 2: Policy Snapshot, Australia, 2024
Table 3: New Large-scale Renewable Energy Target, Annual Targets, Australia (TWh), 2015-2030
Table 4: HyGATE program
Table 5: Capacity Investment Scheme Wind Power Auction Result, Australia, 2024
Table 6: Capacity Investment Scheme BESS Auction Result, Australia, 2024
Table 7: Feed in Tariff Rate, New South Wales, Australia, 2024-2025
Table 8: Time-Varying Minimum FiTs, 2024-25
Table 9: Time-Varying Minimum FiTs, 2025-26
Table 10: Tasmanian Renewable Hydrogen Action plan Targets
Table 11: Feed in Tariff Rate, Queensland, Australia, 2024
Table 12: Renewable Energy Reverse Auction Winners, ACT, Australia
Table 13: Renewable Hydrogen Strategy, Western Australia
Table 14: Policy Snapshot, Bangladesh, 2024
Table 15: Power Supply Outlook, IEPMP, Bangladesh, 2022-2050
Table 16: Policy Snapshot, China, 2024
Table 17: Renewable Energy Law, China, Major Regulations
Table 18: Renewable Energy Law, China, Renewable Portfolio Standards by Province (%), 2021
Table 19: Power Market, China, Top 10 winners Solar PV Tender, 2019
Table 20: Policy Snapshot, India, 2024
Table 21: Renewable Energy Market, India, Renewable Purchase Obligation (%), 2023-2030
Table 22: Renewable Energy Certificate Volume, India, 2024-25
Table 23: Minimum Module Efficiency required to be eligible for enlistment under ALMM
Table 24: ISTS waiver of Offshore Wind Power projects
Table 25: ISTS waiver of Green Hydrogen and Green Ammonia projects
Table 26: SIGHT (Mode-1, Tranche-II) Auction Result, 2025
Table 27: PM Surya Ghar: Muft Bijli Yojana Subsidy Details, India
Table 28: SECI 1.2GW Wind T-XIV Auction Results
Table 29: Indicative Auction Tracjectory for Offshore Wind Power
Table 30: SECI 1.2GW ISTS Wind Solar Hybrid Power (Tranche-VI) Auction Results
Table 31: Renewable Energy Auctions, India, 2020-2025
Table 32: Renewable Energy Market, India, FiT for Small Hydro, 2019-2025
Table 33: Renewable Energy Market, India, FiT for Biopower-based Power Plants, FY2022-23
Table 34: Renewable Energy Market, India, Net Metering Regulations in Leading States
Table 35: Renewable Energy Market, India, Net Metering and Gross Metering Policy, Karnataka
Table 36: Policy Snapshot, Indonesia, 2024
Table 37: Specific renewable tariffs and method of appointment, Indonesia
Table 38: Applicable Tender process under Regulation 112, Indonesia
Table 39: Planned Capacity Additions (in MW), RUPTL, Indonesia, 2021-2030
Table 40: Geothermal Working Area (WKP) auction and the 2024 Preliminary and Exploration Survey Assignment Area (WPSPE) Results, Indonesia,
Table 41: Policy Snapshot, Japan, 2024
Table 42: Renewable Energy Cost Reduction Targets, Japan (JPY/kWh and $/kWh), 2030
Table 43: Renewable Energy Feed-in Tariffs, Japan (JPY/kWh and $/kWh), 2023
Table 44: FiTs and FiPs Eligibility by Year, Japan, 2022
Table 45: Renewable Energy Market, Japan, Solar PV Auctions
Table 46: Renewable Energy Market, Japan, Offshore Wind Auctions
Table 47: Renewable Energy Market, Japan, Onshore Wind Auctions
Table 48: Renewable Energy Market, Japan, Biopower Auctions
Table 49: Renewable Energy Market, Renewable Energy Certificates, Japan
Table 50: Policy Snapshot, Kazakhstan, 2024
Table 51: Renewable Energy Auctions, Kazakhstan, 2018
Table 52: Renewable Energy Auctions, Kazakhstan, 2019
Table 53: Renewable Energy Auctions, Kazakhstan, 2020
Table 54: Renewable Energy Auctions, Kazakhstan, 2021
Table 55: Renewable Energy Auctions, Kazakhstan, 2022
Table 56: Policy Snapshot, Laos, 2024
Table 57: Policy Snapshot, Malaysia, 2024
Table 58: NETR Targets, Malaysia, 2023-2050
Table 59: Feed-in Tariff, 2025
Table 60: NEM 3.0 quota allocation 2021-2023, 2021-2025
Table 61: Five strategic thrusts under the Hydrogen Roadmap
Table 62: Green Technology Incentives under Budget 2024, Malaysia
Table 63: Fourth LSS, Shortlisted bidders for Package P1 - Project Capacity from 10MW to less than 30MW
Table 64: Fourth LSS, Shortlisted bidders for Package P2 - Project Capacity from 30MW to less than 50MW
Table 65: Fourth LSS Winners
Table 66: Large-Scale Solar Program (LSS) Details
Table 67: LSS PETRA (LSS5) Eligibility Criteria
Table 68: Fifth LSS, Shortlisted bidders For Package 3 and 4
Table 69: LSS PETRA (LSS5+) Eligibility Criteria
Table 70: Policy Snapshot, New Zealand, 2024
Table 71: Hydrogen Action Plan, Key Priorities New Zealand, 2024
Table 72: Buy-back Rates for Renewable Electricity, New Zealand, 2025
Table 73: NZ Emissions Trading Scheme (ETS) Auction Results, New Zealand
Table 74: NZ Emissions Trading Scheme (ETS) Upcoming Auction, New Zealand
Table 75: Policy Snapshot, Pakistan, 2024
Table 76: Solar power Feed-in-Tariff, Pakistan
Table 77: Wind power Feed-in-Tariff, Pakistan
Table 78: High-head (> 20 meters) Hydropower Feed-in-Tariff, Pakistan
Table 79: Low-head (= 20 meters) Hydropower Feed-in-Tariff, Pakistan
Table 80: Renewable Energy Procurement (640MW) in Pakistan, 2024
Table 81: Policy Snapshot, Philippines, 2024
Table 82: NREP, 2011-2030 Installation Targets vs. Actual (MW)
Table 83: GEAP First Round Auction Results, Philippines, 2022
Table 84: GEAP Second Round Auction Results, Philippines, 2023, Installation Target year- 2024
Table 85: GEAP Second Round Auction Results, Philippines, 2023, Installation Target year- 2025
Table 86: GEAP Second Round Auction Results, Philippines, 2023, Installation Target year- 2026
Table 87: GEAP Third Round Auction Results, Philippines, 2025, Installation Target year- 2026
Table 88: Policy Snapshot, Singapore, 2024
Table 89: Renewable Energy Certificate Details, Singapore
Table 90: Renewable Energy Market, Capacity Awarded under SolarNova Program, Singapore
Table 91: Renewable Energy Market, Net metering Tariffs comparison of Retailers, Singapore
Table 92: Policy Snapshot, South Korea, 2024
Table 93: Generation Plan by Technology, 10th Basic Plan, South Korea, 2030-36
Table 94: Generation Target/Forecast for select technologies, 10th Basic Plan, South Korea, 2022-30
Table 95: 11th Basic Plan (2024-2038) Power Generation Estimation, South Korea
Table 96: Offshore Wind Promotion Act, Key Terms, South Korea, 2024
Table 97: Offshore Wind Power Roadmap Key Points, South Korea
Table 98: Renewable Portfolio Standards, South Korea, Targets (%), 2016-2026
Table 99: REC Weighting Scheme Details
Table 100: Offshore Wind Power Auction Result, South Korea, 2023
Table 101: Offshore Wind Power Auction Result, South Korea, 2024
Table 102: K-RE100 Scheme
Table 103: Policy Snapshot, Taiwan, 2024
Table 104: Feed-in Tariffs for Renewable Energy Sources, Taiwan, 2024
Table 105: Feed-in Tariffs for Solar Power Plants, Taiwan, 2024
Table 106 Renewable Auction Results, round 3.1, Taiwan, 2022
Table 107 Six Types of Contracts for Small Scale Green Energy Sale, 2023
Table 108 Renewable Auction Results, round 3.2, Taiwan, 2024
Table 109: Policy Snapshot, Thailand, 2024
Table 110: PDP Targets, Thailand
Table 111: Revised Target of Renewable Energy Capacity by 2037, Thailand
Table 112: PPA purchase target (MW) per SCOD year for each renewable energy project type
Table 113: Renewable Energy Market, Feed-in Tariff levels, Thailand, 2022
Table 114: Renewable Energy Market, Feed-in Tariff levels (THB/kWh), Thailand, 2022
Table 115: Renewable Energy Market, Solar Feed-in-Tariffs (BHT/kWh & $/kWh), Thailand, 2022
Table 116: Policy Snapshot, Vietnam, 2024
Table 117: Key Policy Guideline, Decree No 58, The Electricity Law 2024
Table 118: PDP VIII, Capacity Forecast, 2030 and 2050
Table 119:Compariosn of Previous and Revised PDP VIII, Capacity Forecast, 2030
Table 120: Renewable Energy Development goals
Table 121: Renewable Energy Targets for Total Primary Energy Consumption, Vietnam, 2020-2030
Table 122: Renewable Energy Development goals
Table 123: Purchase Price of Electricity from Rooftop Solar Power Systems
Table 124: Avoidable Cost Table 2025
Table 125: Abbreviations
List of Figures
Figure 1: Renewable Auctions, Auctioned Capacity (GW) Vs. Awarded Capacity (GW), India, 2017-2025
Figure 2: Renewable Auctions, Awarded Capacity (GW) by Technology, India, 2017-2025
Figure 3: Renewable Auctions, Solar PV Prices ($/MWh), India, 2017-2025
Figure 4: Solar PV Auctions, Auctioned Capacity (MW) Vs. Awarded Capacity (MW), Japan, 2017-2025
Figure 5: Solar PV Auctions Bidding Price Comparison, Japan, 2017-2025
Figure 6: Renewable Auctions, SolarNova tender, No of Blocks Commited Vs. Awarded Capacity, Singapore, 2015-2023
Figure 2: Renewable Auctions, Awarded Capacity (GW) by Technology, India, 2017-2025
Figure 3: Renewable Auctions, Solar PV Prices ($/MWh), India, 2017-2025
Figure 4: Solar PV Auctions, Auctioned Capacity (MW) Vs. Awarded Capacity (MW), Japan, 2017-2025
Figure 5: Solar PV Auctions Bidding Price Comparison, Japan, 2017-2025
Figure 6: Renewable Auctions, SolarNova tender, No of Blocks Commited Vs. Awarded Capacity, Singapore, 2015-2023
