Taiwan Renewables Report Q4 2015
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. However, considering the government's focus on offshore wind power and the significantsolar panel manufacturing base in Taiwan, we do expect growth to pick up marginally across thesesegments over out 10-year forecast period.
Taiwan has set extensive targets for renewable energy, aiming to have 16% of energy from renewablesources by 2030 with ambitious programmes such as 'Million Solar Rooftop PVs' and 'Thousand WindTurbines' setting up a framework for development. The government aims to install 1.2GW of onshore windcapacity by 2030, 3GW of offshore wind by the same time, and 6.2GW of solar capacity also by 2030.
However, despite the ambitious targets and the implementation of regulations that aim to encourage thedevelopment of renewable energy (including feed-in tariffs, tax incentives and tradable renewable energycertificates), progress has been slow and the project pipeline remains limited.
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