Taiwan Solar PV Market Analysis by Size, Installed Capacity, Power Generation, Regulations, Key Players and Forecast to 2035
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Taiwan Solar PV Market Overview
In Taiwan’s renewable power generation mix, solar PV was the dominant source in 2022, followed by biopower, and offshore wind power. The cumulative installed capacity for solar PV in the country was 9,723.8MW which will grow at a CAGR of more than 12% during 2022-2035.
Crystalline PV modules were the most preferred for solar photovoltaic (PV) installations across the country.
Taiwan Solar PV Market Outlook (2022-2035)
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The report discusses the renewable power market in the country and predicts future outcomes until 2035. The report also gives detailed coverage of the renewable energy policy framework governing the Taiwanese solar PV market.
Cumulative Installed Capacity (2022) | 9,723.8 MW |
CAGR (2022-2035) | >12% |
Historical Period | 2010-2022 |
Forecast Period | 2023-2035 |
Key Deal Type | · Asset Transactions
· Partnerships · Equity Offering · Debt Offering |
Key Active Plants | · Yunlin E2 Solar PV Park
· Taiwan Sugar Solar PV Park · Tainan Salt Fields Solar PV Park · Changhua Coastal Industrial Solar Park · Yizhu Solar PV Park |
Key Companies | · TSEC Corporation
· Motech Industries Inc · United Renewable Energy Co Ltd · Topper Sun Energy Technology Co Ltd · Taiwan Power Co Ltd |
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Taiwan Renewable Energy Policy Framework
- The Energy Policy Deliberation Group is a subordinate body under the Ministry of Economic Affairs (MoEA).
- The government formed an energy authority, the Bureau of Energy (BoE) in July 2004.
- Key functions of the BoE include formulating energy policies and related regulations, evaluating and planning energy demand and supply, and conducting price reviews for natural gas and power.
- It also issues permits for the production, storage, transformation, distribution, and utilization of energy for gas and power markets.
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Taiwan Solar PV Market – Competitive Landscape
TSEC Corporation, Motech Industries Inc, United Renewable Energy Co Ltd, Topper Sun Energy Technology Co Ltd, and Taiwan Power Co Ltd. are a few of the market players in the solar photovoltaic market in Taiwan.
TSEC Corporation (TSEC): TSEC is a manufacturer of solar cells and modules. The company also engages in the construction and operation of the power plant. It provides engineering, procurement, and construction (EPC) services including project planning, project application, system installation, and project operation and management services. The company has its operations in Taiwan, China, Japan, Europe, and the US.
Leading Taiwan Solar PV Companies
Taiwan Solar PV Market - Major Active Plants
The Yunlin E2 Solar PV Park led the Taiwan solar PV market size in terms of total capacity contribution in 2023.
Taiwan Solar PV Market Analysis, by Active Plants, 2023 (%)
Taiwan Solar PV Market Segmentation by Deal Types
In 2022, the solar photovoltaic (PV) market in Taiwan recorded an equal number of deals via asset transaction, debt offering, equity offering, and partnership.
Taiwan Solar PV Market Analysis, by Deal Types, 2022 (%)
Segments Covered in the Report
Taiwan Solar PV Market Deal Type Outlook (2022-2035)
- Asset Transactions
- Partnerships
- Equity Offering
- Debt Offering
Scope
The report includes:
- A brief introduction to global carbon emissions and global primary energy consumption.
- An overview of the country’s renewable power market, highlighting installed capacity trends, generation trends, and installed capacity split by various renewable power sources.
- Detailed overview of the country’s solar PV market with installed capacity and generation trends, and major active and upcoming solar PV projects.
- Deal analysis of the country’s solar PV market.
- Key policies and regulatory framework supporting the development of renewables.
- Snapshots of some of the major market participants in the country.
Reasons to Buy
- Enhance your decision-making capability in a more rapid and time-sensitive manner.
- Identify key growth and investment opportunities in the country’s solar PV market.
- Facilitate decision-making based on strong historical and forecast data for the solar PV market.
- Position yourself to gain the maximum advantage of the industry’s growth potential.
- Develop strategies based on the latest regulatory events.
- Identify key partners and business development avenues.
- Understand and respond to your competitors’ business structure, strategy, and prospects.
Motech Industries Inc
United Renewable Energy Co Ltd
Topper Sun Energy Technology Co Ltd
Taiwan Power Co Ltd
Table of Contents
Table
Figures
Frequently asked questions
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What was the Taiwan solar PV market’s cumulative installed capacity in 2022?
The cumulative installed capacity for solar PV in Taiwan was 9,723.8 MW in 2022.
-
What will the Taiwan solar PV market growth rate be during the forecast period?
The Taiwan solar PV market will achieve a CAGR of more than 12% during 2022-2035.
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Which was the leading deal type in the Taiwan solar PV market in 2022?
In 2022, the solar photovoltaic (PV) market in Taiwan recorded an equal number of deals via asset transaction, debt offering, equity offering, and partnership.
-
What are the key companies in the Taiwan solar PV market?
The key companies in the Taiwan solar PV market are TSEC Corporation, Motech Industries Inc, United Renewable Energy Co Ltd, Topper Sun Energy Technology Co Ltd, and Taiwan Power Co Ltd.
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