Business Monitor International


Taiwan Renewables Report

Published 03 February 2014

  • 37 pages
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  • Includes 3 free updated quarterly reports
 
$1,295.00
Taiwan Renewables Report

BMI View : The expansion of the renewable energy market in Taiwan continues to face strong competition from nuclear and thermal electricity generation and as such we expect to see little growth in overall non-hydropower renewable electricity generation during our current forecast period to 2023. Foreign direct investors are increasingly involved in Taiwan's renewable markets, however, and along with the recently reiterated commitment of the government to the development to renewable energy this points towar ds an increasingly healthy long- term picture.

Renewable energy currently accounts for only a small proportion of Taiwan's annual electricity generation, with thermal, nuclear and hydropower dominating the market. As government and foreign investment in ongoing and new renewable projects gain ground, we expect to see the renewables sector gradually expand. 2013 saw year-on-year growth of non-hydropower renewable energy generation at a rate of 3.88% (compared to 1.19% growth in overall electricity generation) and moving forward we expect the growth rate to increase to between 4% and 5% per year.

Most non-hydropower renewable energy in Taiwan is produced through biomass and waste generation, expected to reach 3.89TWh in 2014, with wind (1.23TWh) and solar (0.03TWh) generation lagging further behind. In the longer term new projects in the wind sector should be forthcoming thanks to the government stating in May 2013 that 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 by Interverl who noted that current regulations act as a deterrent to development. While no new wind power generation projects have been announced, meaning growth forecasts remain limited, there are positive signs of growth in the form of a new venture by China Steel and Taiwan International Ports Corp to construct a new port and wind turbine manufacturing facility.

Table of Contents

BMI Industry View
5
SWOT
7
Industry Forecast
9
Taiwan Renewables Forecast Scenario
9
Table: Taiwan Total Electricity Generation, Historical Data And Forecasts, 2012-2017
9
Table: Taiwan Total Electricity Generation, Long-Term Forecasts, 2018-2023
10
Table: Taiwan Electricity Generating Capacity, Historical Data And Forecasts, 2012-2017
12
Table: Taiwan Electricity Generating Capacity, Long-Term Forecasts, 2018-2023
13
Table: Taiwan - Solar Feed-In Tariffs, 2013
18
Taiwan Renewables Projects Database
20
Table: Taiwan Key Projects
20
Industry Risk Reward Ratings
21
Taiwan Renewables Risk/Reward Ratings
21
Rewards
21
Risks
22
Market Overview
23
Sustainable Energy Policy And Infrastructure
23
Targets (Renewables And Emissions)
23
Subsidies
24
Table: Renewable Feed-In Tariffs In Taiwan, 2013
24
Infrastructure
25
Competitive Landscape
27
Taiwan Power Co
27
Motech Industries
27
Teco Electric & Machinery (Teco)
28
WPD Group (WPD)
28
Taiwan Generations Corp (TGC)
28
Green Energy Technology (GET)
28
Glossary
30
Table: Glossary Of Terms
30
Methodology
31
Industry Forecast Methodology
31
Sources
33
Risk/Reward Ratings Methodology
33
Table: Renewables Risk/Reward Rating Indicators
35
Table: Weighting Indicators
37

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.

Coverage

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 Ratings

BMI's Renewables Business Environment Ratings provide fully comparable Risk-Reward Ratings aimed at investors in the regional renewables market.

The ratings methodology makes sophisticated use of various industry, economic and demographic data point.

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Testimonials

'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