Asia Pacific Renewable Energy Policy Report 2018

  • Pages: 176
  • Published: April 2018
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  • Report Code: GDAE1270P
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"Asia Pacific Renewable Energy Policy Handbook 2018” is among the latest region specific policy report from GlobalData, the industry analysis specialist that offers comprehensive information on major policies governing renewable energy market in the region.

The report provides the current and future 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 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.

Scope

The report covers policy measures and incentives used in Asia Pacific to promote renewable energy.

The report details promotional measures in Asia Pacific both for the overall renewable energy industry and for specific renewable energy technologies that have potential in the region.

Key Highlights

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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 the region.

Be ahead of competition by keeping yourself abreast of all the latest policy changes.

Companies mentioned

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Table of Contents

1 Table of Contents

1 Table of Contents 2

1.1 List of Tables 10

2 Executive Summary 12

3 Introduction 14

3.1 Renewable ...

1 Table of Contents

1 Table of Contents 2

1.1 List of Tables 10

2 Executive Summary 12

3 Introduction 14

3.1 Renewable Energy Policy 14

3.2 GlobalData Report Guidance 14

4 Renewable Energy Policy, Australia 15

4.1 Renewable Energy Market, Overview 15

4.2 Renewable Energy Policy Framework 15

4.3 Renewable Energy Auctions, Australia 19

4.4 Financial Incentives and Policy Support for Solar Power, Australia, Federal Incentives 20

4.5 Financial Incentives and Policy Support for Wind, Australia, Federal Incentives 21

4.6 Financial Incentives and Policy Support for Geothermal, Australia, Federal Incentives 21

4.7 Financial Incentives and Policy Support for Energy Efficiency, Australia, Federal Incentives 21

4.8 Renewable Energy Policy Framework, Australia, State Level Policies and Incentives 22

5 Renewable Energy Policy, China 31

5.1 Renewable Energy Market, Overview 31

5.2 Renewable Energy Law 31

5.3 International Science and Technology Co-operation Program for New and Renewable Energy 34

5.4 Shandong Province Village Renewable Energy Regulations 34

5.5 The 12th Five-Year Plan 34

5.6 The 13th Five-Year Plan 35

5.7 New Carbon Intensity Target 36

5.8 Renewable Energy Tariff Surcharge Grant Funds Management Approach 37

5.9 Carbon Tax and Carbon Pricing 37

5.10 New Renewable Energy Certificate Scheme in 2017 37

5.11 China’s Winter Clean Heating Plan 2017–2021 38

5.12 Financial Incentives and Policy Support for Solar Power, China 38

5.13 Financial Incentives and Policy Support for Wind, China 45

5.14 Financial Incentives and Policy Support for Hydropower, China 49

5.15 Financial Incentives and Policy Support for Bioenergy, China 50

5.16 Financial Incentives and Policy Support for Energy Efficiency, China 52

6 Renewable Energy Policy, India 53

6.1 Renewable Energy Market, Overview 53

6.2 Electricity Act of 2003 53

6.3 Renewable Energy Certificates 54

6.4 Renewable Energy Targets and Roadmap for Renewable Energy Development 56

6.5 Support for Solar Power 57

6.6 Support for Wind Power 62

6.7 Support for Bio-power 68

6.8 Support for Small Hydropower 75

7 Renewable Energy Policy, Indonesia 78

7.1 Renewable Energy Market, Overview 78

7.2 Green Energy Policy 78

7.3 Small Distributed Power Generation Using Renewable Energy 79

7.4 Medium-Scale Power Generation Using Renewable Energy 79

7.5 Income Tax Reduction for Energy Development Projects 79

7.6 Electricity Purchase from Small- and Medium-Scale Renewable Energy 79

7.7 Clean Technology Fund 80

7.8 Ceiling Price for Geothermal 80

7.9 New Geothermal Law 81

7.10 Geothermal Fund 82

7.11 Power Purchase from Solar PV Plants 82

7.12 Feed-in Tariffs for Biomass 83

7.13 New Electricity Sector Regulations in 2017 83

7.14 Revocation of 32 regulations in the Energy and Minerals Sector in 2018 85

8 Renewable Energy Policy, Japan 88

8.1 Renewable Energy Market, Overview 88

8.2 Japan Renewable Energy Policy Platform 88

8.3 Feed-in Tariffs for Renewable Energy 88

8.4 Japan’s First Solar Auction 91

8.5 Green Investment Tax Credit 91

8.6 Strategic Energy Plan 91

8.7 Long-Term Energy Supply and Demand Outlook 91

8.8 Establishment of New Energy Development Organization 92

8.9 Amendment of the Renewable Energy Act 92

8.10 Renewable Energy Certificate (REC) Trading from May 2018 93

9 Renewable Energy Policy, Kazakhstan 95

9.1 Renewable Energy Market, Overview 95

9.2 Law on Electricity 96

9.3 Law on the Use of Renewable Energy Sources 96

9.4 Long-Term Development Strategy for the Period up to 2025 97

9.5 Long-Term Strategy for Renewable Energy Development 97

9.6 Law on Energy Saving and Energy Efficiency 97

9.7 Renewable Energy Targets and Tariffs 98

9.8 Auctions and other plans for Renewable Energy in 2018 98

9.9 New Financing Framework by EBRD for Renewables 98

10 Renewable Energy Policy, Malaysia 100

10.1 Renewable Energy Market, Overview 100

10.2 Renewable Energy Act 2011 100

10.3 Net-Metering in Malaysia 102

10.4 National Renewable Energy Policy and Action Plan 102

10.5 Sustainable Energy Development Authority (SEDA) Act 2011 103

10.6 Green Technology Development 103

10.7 Green Technology Incentive 103

10.8 Competitive Bidding for Renewable Energy Projects in Malaysia 104

10.9 Eleventh Malaysia Plan, 2016–2020 105

11 Renewable Energy Policy, New Zealand 108

11.1 Renewable Energy Market, Overview 108

11.2 New Renewable Energy Target for New Zealand 108

11.3 New Zealand Energy Strategy 108

11.4 New Zealand Energy Efficiency and Conservation Strategy 109

11.5 Climate Change and Sustainability Agenda 110

11.6 National Policy Statement for Renewable Electricity Generation 111

11.7 Buy-back Rates for Solar Power 111

11.8 Emissions Trading Scheme 111

11.9 Solar and Heat Pump Water Heating 112

11.10 Installations Grants for Public Buildings 112

11.11 Commercial Project Grants 113

11.12 Resource Management Act 1991 113

11.13 Bioenergy Initiative 113

11.14 Crown Loans Programme 113

12 Renewable Energy Policy, Pakistan 114

12.1 Renewable Energy Market, Overview 114

12.2 Power Sector Reforms 114

12.3 National Power Policy, 2015 115

12.4 Alternative and Renewable Energy Policy, 2011 115

12.5 Feed-in Tariffs (FiT), Pakistan 116

12.6 Competitive Bidding for Wind and Solar Power Projects 118

12.7 Net–metering 119

13 Renewable Energy Policy, Philippines 120

13.1 Renewable Energy Market, Overview 120

13.2 Power Sector Reforms and Privatization 120

13.3 National Renewable Energy Program (NREP) 121

13.4 Renewable Energy Act 121

13.5 Net–Metering 122

13.6 Feed-in Tariffs 123

13.7 Open and Competitive Selection Process (OCSP) 124

13.8 Mandatory Use of Biofuel Blend 124

14 Renewable Energy Policy, Singapore 125

14.1 Renewable Energy Market, Overview 125

14.2 Power Market, Electricity Act 125

14.3 National Energy Policy 126

14.4 Nationally Determined Contribution to the Paris Agreement 127

14.5 Tax Incentive for Energy Saving Equipment 128

14.6 Energy Efficiency Fund (E2F) 128

14.7 Singapore’s Carbon Tax from 2019 128

15 Renewable Energy Policy, South Korea 129

15.1 Renewable Energy Market, Overview 129

15.2 Green Growth Policy 130

15.3 Renewable Energy and Energy Efficiency Partnership (REEEP) 130

15.4 Basic plan for Development, Utilization and Deployment of New and Renewable Energy Technology 131

15.5 Certification for New and Renewable Energy Facilities 132

15.6 Home Subsidy Program 132

15.7 Renewable Portfolio Standards (RPS) 133

15.8 Tax Audit Exemption 134

15.9 NRE Mandatory Use for Public Buildings 134

15.10 Memorandum of Understanding between Korean Wind Energy Association and RenewableUK 135

15.11 US Department of Energy and Republic of Korea Announce New Clean Energy Partnership 135

15.12 Nationally Determined Contribution (NDC) to the Paris Agreement 135

16 Renewable Energy Policy, Taiwan 136

16.1 Renewable Energy Market, Overview 136

16.2 Major Policies 136

16.3 Other Initiatives 136

16.4 Renewable Power Policy 137

17 Renewable Energy Policy, Thailand 144

17.1 Renewable Energy Market, Overview 144

17.2 Power Development Plan 2015 145

17.3 Alternative Energy Development Plan 2015–2036 147

17.4 Feed-in-Tariffs for Very Small Power Producers (VSPPs) 147

17.5 Solar Power Feed-in-Tariffs 148

17.6 Small Power Plants (SPP) Hybrid Scheme 149

17.7 Energy Efficiency Development Plan, 2015–2036 150

17.8 Tax Incentives through Board of Investment 150

17.9 Technical Assistance for Renewable Energy Projects 151

17.10 Investment Grants 152

17.11 Energy Conservation Program 152

18 Renewable Energy Policy, Vietnam 154

18.1 Renewable Energy Market, Overview 154

18.2 Introduction of Competition in Power Market 154

18.3 Power Master Plan VII 155

18.4 Revised Power Development Plan VII 155

18.5 Renewable Energy Development Strategy 2016–2030 with outlook until 2050 (REDS) 158

18.6 Vietnam National Energy Efficiency Program (VNEEP) 158

18.7 Rural Electrification 159

18.8 Feed–in Tariffs (FiTs) 159

18.9 Avoided Cost Tariff (AVCT) 160

18.10 Investment incentives for Renewable Power Projects 160

19 Appendix 162

19.1 Market Definitions 162

19.1.1 Power 162

19.1.2 Installed Capacity 162

19.1.3 Electricity Generation 162

19.1.4 Electricity Consumption 162

19.1.5 Thermal Power Plant 162

19.1.6 Hydropower Plant 162

19.1.7 Nuclear Power 162

19.1.8 Renewable Energy Resources 162

19.2 Abbreviations 163

19.3 Bibliography 166

19.4 Methodology 174

19.5 Coverage 174

19.5.1 Secondary Research 174

19.5.2 Primary Research 174

19.5.3 Modeling and Forecasting 175

19.6 Contact Us 175

19.7 Disclaimer 176

List of tables

1.1 List of Tables

Table 1: Renewable Energy Policy, Asia Pacific 12

Table 2: New Large-scale Renewable Energy Target, Annual Targets, Australia (TWh), 2015 ...

1.1 List of Tables

Table 1: Renewable Energy Policy, Asia Pacific 12

Table 2: New Large-scale Renewable Energy Target, Annual Targets, Australia (TWh), 2015–2030 18

Table 3: State-wise Renewable Energy Targets, Australia 19

Table 4: Renewable Energy Law, China, Major Regulations, 2005–2006 32

Table 5: Renewable Energy Law, China, Renewable Portfolio Standards by Province (%), 2020 35

Table 6: Key Provinces for Construction of solar PV projects in 13th Five-Year Plan (MW), China, 2020 36

Table 7: Feed-in Tariffs for Solar Power (CNY/kWh and $/kWh), China, 2016–2017 43

Table 8: Feed-in Tariffs for Solar Power (CNY/kWh and $/kWh), China, 2018 43

Table 9: Feed-in Tariffs for Onshore Wind Power by Region (CNY/kWh and $/kWh), Renewable Energy Market, China, 2015–2018 46

Table 10: Wind Power Feed in Tariffs, CNY/kWH (tax included), Renewable Energy Market, China, 2016–2018 46

Table 11: Feed-in Tariffs for Offshore Wind Power by Region (CNY/kWh and $/kWh), Renewable Energy Market, China, 2016–2018 47

Table 12: Renewable Energy Certificate Volume, India, January 2015–January 2018 55

Table 13: Result of 2 MW Inter-State Transmission System Wind Power Auction, India, February 2018 57

Table 14: Federal Level Feed-in Tariff for Solar Power (INR/kWh and $/kWh), India, 2016–2017 60

Table 15: Feed in Tariff for Solar Power (INR/kWh and $/kWh), Tamil Nadu, 2017–2018 60

Table 16: Feed in Tariff for Solar Power (INR/kWh and $/kWh), Rajasthan, 2017–2018 61

Table 17: Feed in Tariff for Solar Power (INR/kWh and $/kWh), Gujarat, 2017–2018 61

Table 18: Feed in Tariff for Solar Power (INR/kWh and $/kWh), Madhya Pradesh, 2017–2018 61

Table 19: Feed in Tariff for Solar Power (INR/kWh and $/kWh), Maharashtra, 2017–2018 61

Table 20: Feed in Tariff for Solar Power (INR/kWh and $/kWh), Karnataka, 2017–2018 62

Table 21: Feed in Tariff for Solar Power (INR/kWh and $/kWh), Kerala, 2016–2017 62

Table 22: Feed-in Tariffs for Wind Power Plants (INR/kWh and $/kWh), Andhra Pradesh, 2017–2018 64

Table 23: Feed-in Tariffs for Wind Power Plants (INR/kWh and $/kWh), Maharashtra, 2017–2018 64

Table 24: Feed-in Tariffs for Wind Power Plants (INR/kWh and $/kWh), Gujarat, 2006–2017 64

Table 25: Feed-in Tariffs for Wind Power Plants (INR/kWh and $/kWh), Tamil Nadu, 2017–2018 64

Table 26: Feed-in Tariffs for Wind Power Plants (INR/kWh and $/kWh), Kerala, 2016–2017 65

Table 27: Feed-in Tariffs for Wind Power Plants (INR/kWh and $/kWh), Karnataka, 2017–2018 65

Table 28: Feed-in Tariffs for Wind Power Plants (INR/kWh and $/kWh), Madhya Pradesh, 2016–2018 65

Table 29: Feed-in Tariffs for Wind Power Plants (INR/kWh and $/kWh), Rajasthan, 2017–2018 65

Table 30: Federal Level Feed-in Tariff for Wind Power (INR/kWh and $/kWh), India, 2016–2017 66

Table 31: Central Financial Assistance for Biomass Power Project and Bagasse Co-generation Projects by Sugar Mill Type, India, 2015 69

Table 32: Central Financial Assistance for Bagasse Co-generation Project in Existing Co-operative Sector Sugar Mills Employing Boiler Modifications, India, 2015 69

Table 33: Central Financial Assistance for Energy form Urban, Industrial, and Agricultural Wastes/Residues (INR and $), 2012–2017 71

Table 34: Financial Support for Biofuel, India, 2015 72

Table 35: Federal Level Feed-in Tariffs for Biopower Based Power Plants (INR/kWh and $/kWh), 2017–2018 73

Table 36: Support for Hydropower in Private Sector, Joint Sector and Co-operative Societies, India, 2015 76

Table 37: Support for Hydropower in State Government, Central Government and Public Sector Units, India, 2016 76

Table 38: Ceiling Tariffs, Indonesia, 2015–2025 80

Table 39: Ceiling Tariffs ($/kWh), Indonesia, 2015–2025 81

Table 40: Feed-in Tariffs for Biomass ($/kWh), Renewable Energy Market, Indonesia, 2017 83

Table 41: Renewable Energy Feed-in Tariffs, Japan, 2016 90

Table 42: Solar PV Feed-in Tariffs, Japan, 2017 90

Table 43: Renewable Energy Feed in Tariffs, Kazakhstan, 2015 98

Table 44: Renewable Energy Targets, Malaysia, 2015–2030 100

Table 45: Feed-in Tariffs for Different Renewable Energy Sources (MYR/kWh and $/kWh), Renewable Energy Market, Malaysia, 2018 101

Table 46: Renewable Energy Policy and Action Plan Targets, Malaysia, 2020–2030 102

Table 47: Buy-back Rates for Renewable Electricity, New Zealand, 2017 111

Table 48:Solar PV Feed-in-Tariff in North Region, Pakistan, 2015 117

Table 49:Solar PV Feed-in-Tariff in South Region, Pakistan, 2015 117

Table 50:Solar PV Feed-in-Tariff in North Region, Pakistan, 2016 117

Table 51:Solar PV Feed-in-Tariff in South Region, Pakistan, 2016 117

Table 52:Wind power Feed-in-Tariff, Pakistan, 2016 118

Table 53: Low–head (≤ 20 meters) Hydropower Feed-in-Tariff, Pakistan, 2017 118

Table 54: High–head (> 20 meters) Hydropower Feed-in-Tariff, Pakistan, 2017 118

Table 55: Renewable Power Installed Capacity Targets, Philippines, 2011–2030 121

Table 56: Renewable Energy Feed-in Tariffs, Philippines, 2013–2016 123

Table 57: Renewable Energy, Republic of Korea, Target for New and Renewable Energies (%) 131

Table 58: Renewable Energy, Republic of Korea, New and Renewable Energies composition ratios (%) 132

Table 59: Renewable Portfolio Standards, Republic of Korea, Targets (%), 2012–2022 133

Table 60: Allocation of Renewable Energy Certificates, Republic of Korea, 2017 134

Table 61: Installed Capacity Targets by Renewable Energy Source (MW), Taiwan, 2015 138

Table 62: Installed Capacity Targets for Renewable Energy Sources (MW), Taiwan, 2020–2025 139

Table 63: Feed-in Tariffs for Solar PV and Wind Power ($/kWh and TWD/kWh), Taiwan, 2012–2013 140

Table 64: Feed-in Tariffs for Renewable Energy Sources ($/kWh), Taiwan, 2015 140

Table 65: Tentative Feed-in Tariffs (TWD and $), Taiwan, 2017 141

Table 66: Final Feed-in Tariffs (TWD and $), Taiwan, 2017 142

Table 67: Feed-in Tariffs for Renewable Energy Sources (TWD/kWh and $/kWh), Taiwan, 2018 143

Table 68: Estimated Contributions by Various Energy Sources to the Power Capacity Mix (%), Thailand, 2014 and 2036 146

Table 69: Feed-in Tariffs ($/kWh), Thailand, 2017 148

Table 70: Capacity Allocation under SPP Hybrid Scheme, Thailand, 2017 150

Table 71: Share of Various Energy Sources in Installed Capacity and Electricity Generation in Original and Revised Power Development Plan VII (%), Vietnam, 2020–2030 156

Table 72: Renewable Energy Targets for Total Primary Energy Consumption, Renewable Energy Market, Vietnam, 2020–2050 158

Table 73: Abbreviations 163

List of figures

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