Business Monitor International

Taiwan Renewables Report

Published 13 May 2014

  • 37 pages
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Taiwan Renewables Report

BMI View : Nuclear and thermal electricity generation will continue to dominate the energy market in Taiwan, though the renewables sector is expected to make gradual gains throughout our forecast period to 2023, led by biomass and waste generation. The government is committed to higher renewables targets and supportive of foreign direct investment, creating an increasingly positive investment environment.

Biomass and waste generation is expected to increase by 4.18% in 2014, to reach 4.05TWh - an improvement on previous forecasts based on revised growth expectations and higher government targets. By the end of the current forecast period in 2023, we expect biomass and waste generation to reach 5.82TWh, based on growth of just under 4% per year. This will represent almost 70% of Taiwan's total non-hydropower renewables generation.

Stronger growth will be seen in the solar energy sector, of 13.29% in 2014 and on average 7% growth per year thereafter. Despite the high growth rates solar generation is expected to reach just 0.07TWh in 2023, constituting only 0.02% of Taiwan's total electricity generation. Taiwan is one of the largest producers of solar panels in the world, though its PV industry focuses on the mid- and down-stream of the value chain such as solar cell and silicon wafer and imports polysilicon materials. The country has set ambitious solar energy generation targets, and continues to focus on expansion of the solar sector through international agreements such as the recently signed memorandum of understanding with Mongolia which should create a range of opportunities for Taiwanese firms.

Wind power generation, though unlikely to achieve the same growth rates of solar power, is also set to expand throughout our forecast period, to reach 2.44TWh in 2023, up from 1.30TWh in 2014. Current restrictions preventing wind power generation companies from selling electricity directly to clients may be lifted in order to encourage new investors, a move welcomed...

Table of Contents

BMI Industry View
Industry Forecast
Taiwan Renewables Forecast Scenario
Table: Taiwan Total Electricity Generation, Historical Data And Forecasts, 2012-2017
Table: Taiwan Total Electricity Generation, Long-Term Forecasts, 2018-2023
Table: Taiwan Electricity Generating Capacity, Historical Data And Forecasts, 2012-2017
Table: Taiwan Electricity Generating Capacity, Long-Term Forecasts, 2018-2023
Table: Taiwan - Solar Feed-In Tariffs, 2013
Taiwan Renewables Projects Database
Table: Taiwan Key Projects
Industry Risk Reward Ratings
Taiwan Renewables Risk/Reward Ratings
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 Ratings Methodology
Table: Renewables Risk/Reward Rating Indicators
Table: Weighting Indicators

The Taiwan Renewables Report researched at source contains Business Monitor International (BMI)'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.

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'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