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Taiwan Renewables Report Q1 2016

Taiwan Renewables Report Q1 2016

BMI View: Taiwan is not short of ambition for developing renewable energy, but limited progress has beenmade in the expansion, primarily due to the unstable policy environment and low liberalisation levels in thepower sector. Considering Taiwanese government's focus on offshore wind power and the significant solarpanel manufacturing base in Taiwan, we do expect growth to pick up marginally across these segments overout 10-year forecast period. However, we retain our view that Taiwan will fall short of its ambitiousrenewables targets.

Latest Updates and Structural Trends

We believe Taiwan's pursuit of offshore wind faces significant hurdles, stemming from the highdevelopment 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 ofthe Formosa offshore wind farm in Taiwan.

In September 2015, Taiwanese government further raised its renewable energy targets, which now aim toreach 17,250MW renewables capacity by 2030, which would contribute 26% to the country's total powermix.


BMI Industry View
Table: Renewables Headline Forecasts (Taiwan 2014-2024)
SWOT
Industry Forecast
Taiwan Renewables Forecast Scenario
Latest Updates
Structural Trends
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 - Top 5 Renewables Projects By Capacity (MW)
Industry Risk Reward Index
Taiwan Renewables Risk/Reward Index
Rewards
Risks
Market Overview
Sustainable Energy Policy And Infrastructure
Targets
Subsidies
Table: Renewable Feed-In Tariffs In Taiwan, 2013
Infrastructure
Competitive Landscape
Taiwan Power Co
Motech Industries
Teco Electric & Machinery (Teco)
WPD Group (WPD)
Taiwan Generations Corp (TGC)
Green Energy Technology (GET)
Glossary
Table: Glossary Of Terms
Methodology
Methodology And Sources
Industry Forecast Methodology
Sources
Risk/Reward Index Methodology
Table: Renewables Risk/Reward Index Indicators
Table: Weighting Indicators

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