Asia Pacific Renewable Energy Policy Handbook 2021

"Asia Pacific Renewable Energy Policy Handbook 2021” is among the latest region specific policy reports from GlobalData, the industry analysis specialist. The report covers 15 major countries in the Asia Pacific region – Australia, China, India, Indonesia, Japan, Kazakhstan, Malaysia, New Zealand, Pakistan, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The report offers comprehensive information on major policies governing the renewable energy market in these countries. The report discusses 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 by the countries 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 by countries in the Asia Pacific region to promote renewable energy.

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

The report covers 15 major countries in the Asia Pacific region – Australia, China, India, Indonesia, Japan, Kazakhstan, Malaysia, New Zealand, Pakistan, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam.

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 different countries in the region.

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

Table of Contents

Table of Contents

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1. Executive Summary

2. Renewable Energy Policy, Australia

2.1 Renewable Energy Market, Overview

2.2 Renewable Energy Policy Framework

– Renewable Energy Target (RET) Scheme

– Climate Change Target 2030

– Offshore Clean Energy Infrastructure Regulatory Framework

– Technology Investment Roadmap

– Renewable Energy Venture Capital Fund

– Financial Incentives and Policy Support for Solar Power, Australia, Federal Incentives

– Clean Energy Finance Corporation (CEFC)

– Emissions Reduction Fund (ERF)

2.3 State Level Policies and Incentives-South Australia

– South Australia

– South Australia Renewable Energy Auctions

– Renewable Energy Program

– The Sustainability Incentives Scheme

2.4 State Level Policies and Incentives-New South Wales (NSW)

– Electricity Infrastructure Roadmap.

– Assessing large-scale solar projects in NSW

– Feed-in Tariffs

– Funds for Renewable Energy in Regional Communities

– Solar for Low Income Household

– Solar Homes Policy

2.5 State Level Policies and Incentives-Victoria

– Renewable Energy Action Plan

– Feed-in Tariffs

– Agriculture Energy Investment Plan

– Victoria Government Requests the Removal of Section 7C of the Renewable Energy (Electricity) Act 2000

– New Renewable Energy Target for Victoria (VRET)

– The Victorian Renewable Energy Auction Scheme (VREAS)

2.6 State Level Policies and Incentives-Tasmania

– Feed-in Tariffs

– Renewable Energy Action Plan (Draft)

– Renewable Energy Target

2.7 State Level Policies and Incentives-Queensland

– Feed-in Tariffs

– Queensland Renewable Energy Auctions

– Queensland interest-free solar loans

– Solar 150 initiative

– CleanCo

2.8 State Level Policies and Incentives-Australian Capital Territory

– ACT Renewable Energy Auctions

– Home battery Storage Incentive Program

– Rooftop Solar Scheme

2.9 State Level Policies and Incentives-Western Australia

– Climate Policy

– Energy Transformation Strategy

– Energy Buyback Scheme

2.10 State Level Policies and Incentives-Northern Territory

– Roadmap to achieve Renewable Energy Target

– Incentives for Renewable Energy

– NT Solar Energy Transformation Program

3. Renewable Energy Policy, China

3.1 Renewable Energy Market, Overview

3.2 Renewable Energy Law

– Taxation Measures

– Grid Access

– Interconnection Standards

– Special Fund for Renewable Energy Development

– Renewable Energy Power Consumption Guarantee Mechanism

– Renewable Energy Law Amendments

3.3 Renewable Energy Targets

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

3.5 The 14th Five-Year Plan

3.6 Hydrogen Energy in China

– Shandong Province

– Guangdong Province

– Heibei Province

– Ningxia Province

– Henan Province

– Tianjing Province

3.7 Renewable Portfolio Standard (RPS)

3.8 Carbon Intensity Target

3.9 National Emission Trading Scheme (ETS)

3.10 Global Environment Facility (GEF) Grants

3.11 Subsidy-Free Solar, Wind Power Policy

– Work plan for promoting the construction of unfunded and affordable projects for wind power and solar PV power generation

3.12 Financial Incentives and Policy Support for Solar, China

– Poverty Alleviation Program

– Solar Auctions and Schemes

– Action Plan for the Development of Smart Photovoltaic Industry

– Research and Development Support for Solar PV

– Oversupply and Curtailment of Solar Capacity – China blocks new solar in 3 regions amid overcapacity fears

3.13 Financial Incentives and Policy Support for Wind, China

– Wind Auctions and Rules

– Notice on Provisional Management Measures for Distributed Wind Power Project Development and Construction for all provinces

– Notice regulating the standardization of the wind power equipment and generators quality

– Market Entry Standards for Wind Equipment Manufacturers

3.14 Financial Incentives and Policy Support for Hydropower, China

– Preferential Value Added Tax for Small Hydropower

– Rural Electrification Policies Favouring Small Hydro Installation

– China Three Gorges rules for new domestic hydro projects

3.15 Financial Incentives and Policy Support for Biopower, China

– Value Added Tax for Biogas

– Non-food Biomass Feedstock Standardization Technical Committee

4. Renewable Energy Policy, India

4.1 Renewable Energy Market, Overview

4.2 Electricity Act of 2003

4.3 Draft Electricity (Amendment) Bill, 2020

4.4 Cross Border Power Trade Regulation, 2020

4.5 Renewable Energy Targets

4.6 Scheme for Supply of Round-The-Clock (RTC) Renewable Energy

4.7 National Action Plan on Climate Change

– State Action Plan on Climate Change (SAPCC)

4.8 Amendments in National Tariff Policy

4.9 Renewable Energy Certificates

4.10 Memorandum – “Make in India” for Local Content in Renewable Energy Products

4.11 Memorandum-Quality of Solar Modules

4.12 National Wind-Solar Hybrid Policy

4.13 Interstate Transmission Network System (ISTS)-Connected Wind-Solar Hybrid Power Projects

4.14 Green Energy Corridor

4.15 Extension on Waiver of Inter-State Transmission Charges for Wind and Solar Projects

4.16 National Renewable Energy Act, 2015

4.17 Green Term Ahead Market (GTAM)

4.18 Union Budget, 2021-2022

4.19 Green Hydrogen

4.20 Renewable Energy Auctions

4.21 Feed-in-Tariffs

– Small Hydro

– Bioenergy

– Solar Power

– Wind Power

4.22 Support for Renewable Energy, India

– Support for Solar Power

– Support for Wind Power

– Support for Biopower

– Support for Small Hydropower

4.23 Central Government Schemes for the development of power sector

5. Renewable Energy Policy, Indonesia

5.1 Renewable Energy Market, Overview

5.2 National Energy Policy

5.3 New Tariff Regime for Renewables

5.4 Indonesia Electricity Supply Plan (RUPTL), 2019-2028

5.5 Revocation of 32 regulations in the Energy and Minerals Sector in 2018

5.6 Other Electricity Sector Regulations

– Ministerial Decree number 10/2017 (MEMR 10/2017)

– Ministerial Decree number 11/2017 (MEMR 11/2017)

5.7 Net-metering scheme

5.8 Value-Added Tax and Import Duty Exemption for Renewable Energy Property

5.9 New Geothermal Law

– Auctions for Geothermal Working Areas (WKP)

5.10 Geothermal Fund

5.11 Biofuel Consumption Mandates

5.12 Other Fiscal Incentives

– Tax Allowance

– Tax Holiday

6. Renewable Energy Policy, Japan

6.1 Renewable Energy Market, Overview

6.2 Japan Renewable Energy Policy Platform

6.3 Strategic Energy Plan, 2018

6.4 Feed-in Tariffs for Renewable Energy

6.5 Amendment of the Renewable Energy Act (New Feed-in Tariff Act)

6.6 Renewable Energy Auctions

– Long-Term Energy Supply and Demand Outlook

– Solar PV Auctions

6.7 RE 100

6.8 Establishment of New Energy Development Organization

6.9 Renewable Energy Certificates (REC) in Japan

6.10 Act No. 89

6.11 Cool Earth-Innovative Energy Technology Program

7. Renewable Energy Policy, Kazakhstan

7.1 Renewable Energy Market, Overview

7.2 Law on Electricity

7.3 Law on the Use of Renewable Energy Sources

7.4 Renewable Energy Targets

7.5 Low Carbon Development Policy and Hydrogen Roadmap

7.6 Long-Term Development Strategy for the Period up to 2025

7.7 Renewable Energy Auctions

7.8 New Financing Framework by EBRD for Renewables

8. Renewable Energy Policy, Malaysia

8.1 Renewable Energy Market, Overview

8.2 Electricity Supply Act 1990

8.3 MoUs signed by Sustainable Energy Development Authority (SEDA)

8.4 Energy Conservation Act

8.5 Renewable Energy Targets

8.6 Renewable Energy Act 2011

8.7 Feed-in Tariffs Established under the Renewable Energy Act

8.8 Net-Energy Metering (NEM)

8.9 National Renewable Energy Policy and Action Plan

8.10 Hydrogen Energy in Malaysia

8.11 Sustainable Energy Development Authority (SEDA) Act 2011

8.12 Green Technology Financing Scheme (GTFS)

8.13 Green Financing Roadmap

8.14 Green Investment Tax Allowance (GITA) and Green Income Tax Exemption (GITE)

8.15 Competitive Bidding for Renewable Energy Projects – Auctions

8.16 Supply Agreement of Renewable Energy (SARE)

8.17 Eleventh Malaysia Plan, 2016-2020

9. Renewable Energy Policy, New Zealand

9.1 Renewable Energy Market, Overview

9.2 New Renewable Energy Target for New Zealand

9.3 Energy Strategy, 2011-2021 (Energy Strategy 2050)

9.4 Energy Efficiency and Conservation Strategy, 2017-2022

9.5 Climate Change and Sustainability Agenda

9.6 National Policy Statement for Renewable Electricity Generation

9.7 Buy-back Rates for Solar Power

9.8 Emissions Trading Scheme (ETS)

– Zero Carbon Bill

9.9 Commercial Project Grants

9.10 Bioenergy Initiative

9.11 Crown Loans Programme

10. Renewable Energy Policy, Pakistan

10.1 Renewable Energy Market, Overview

10.2 Power Sector Reforms

10.3 Alternative and Renewable Energy Policy 2019

– Tax incentives under ARE Policy

– Tax and Duty Exemption

– Exchange Protection

10.4 National Power Policy, 2015

10.5 Provincial power policies

– Sindh

– Baluchistan

– Punjab

– Pakhtunkhwa

10.6 Direct Sale of Renewable Electricity to End Users

10.7 Feed-in Tariffs (FiT), Pakistan

– Solar Power Feed-in Tariffs

– Wind Power Feed-in Tariffs

– Small Hydropower Feed-in Tariffs

10.8 Net-metering

10.9 Clean Energy Investment Program

10.10 Sindh Solar Energy Program

10.11 Tax Exemptions

11. Renewable Energy Policy, Philippines

11.1 Renewable Energy Market, Overview

11.2 National Renewable Energy Program (NREP)

11.3 Renewable Energy Act

11.4 Renewable Portfolio Standards

11.5 Green Energy Option Program (GEOP)

11.6 Net-Metering

11.7 Feed-in Tariffs

11.8 Open and Competitive Selection Process (OCSP)

11.9 Competitive Selection Process (CSP) for Power Supply Agreements

11.10 Biofuel Act, 2006

11.11 Mandatory Use of Biofuel Blend

12. Renewable Energy Policy, Singapore

12.1 Renewable Energy Market, Overview

12.2 Electricity Act, 2002 (Amendment) Act, 2018

12.3 National Energy Policy

– Renewable Energy in Singapore

12.4 Singapore Solar Target

12.5 SolarNova Program

12.6 Nationally Determined Contribution to the Paris Agreement

12.7 Tax Incentive for Energy Saving Equipment

12.8 Singapore’s Carbon Tax

13. Renewable Energy Policy, South Korea

13.1 Renewable Energy Market, Overview

13.2 Green Growth Policy

13.3 Green New Deal

13.4 Renewable Energy Targets

13.5 Ninth Basic Plan – 2020-2034

13.6 Third Energy Master Plan 2019-2040

13.7 Renewable Portfolio Standards (RPS)

13.8 Renewable Energy Certificates (RES)

13.9 Fixed price contract bidding system

13.10 Korea Renewable Energy 3020 Plan

13.11 Hydrogen Energy

13.12 Nationally Determined Contribution (NDC) to the Paris Agreement

13.13 Subsidy Program

13.14 Tax Audit Exemption

13.15 Home Subsidy Program

13.16 Mandatory Use for Public Buildings

14. Renewable Energy Policy Taiwan

14.1 Renewable Energy Market, Overview

14.2 The Electricity Act

14.3 Renewable Energy Development Act (REDA)

14.4 Renewable Energy Target

– New Green Energy Revolution

14.5 National Energy Program

14.6 Green Finance Action Plan

14.7 Renewable Power Policy

– Big Boost for Solar Power in Taiwan

– Wind Power Promotion in Taiwan

14.8 Feed in Tariffs

14.9 Incentives for Renewable Energy Sources

– Demonstration awards and subsidies

– Tax incentives

14.10 Renewable Energy Auction

14.11 Other Programs and Initiatives

– Shalun Green Energy Science City

– Green Energy Roofs Project

– Google’s Clean Energy Project

– Renewable Energy Credit (T-REC) Scheme

15. Renewable Energy Policy, Thailand

15.1 Renewable Energy Market, Overview

15.2 Renewable Energy Targets

15.3 Nationally Determined Contribution (NDC) to the Paris Agreement

15.4 Thailand Integrated Energy Blueprint (TIEB)

15.5 Power Development Plan 2018-2037 (PDP2018)

15.6 Alternative Energy Development Plan 2015-2036

– Amendment of Alternative Energy Development Plan 2015-2036

15.7 Feed-in-Tariffs

– For Very Small Power Producers (VSPPs)

– Solar Power Feed-in-Tariffs

15.8 Solar photovoltaic (PV) scheme for local household rooftops, 2019-2028

15.9 Small Power Plants (SPP) Hybrid Scheme

15.10 Net metering scheme for residential PV

15.11 Tax Incentives through Board of Investment

15.12 Energy Conservation Program (ENCON)

15.13 Hydrogen energy in Thailand

16. Renewable Energy Policy, Vietnam

16.1 Renewable Energy Market, Overview

16.2 Introduction of Competition in Power Market

16.3 Power Master Plan VII

16.4 Revised Power Development Plan VII

– Targets for Renewable Energy

16.5 Renewable Energy Development Strategy 2016-2030 with outlook until 2050 (REDS)

16.6 Vietnam National Energy Efficiency Program (VNEEP)

– Proposed VNEEP Phase 3, 2019-2030

16.7 National Green Growth Strategy

16.8 Rural Electrification Program

16.9 Feed-in Tariffs (FiTs)- Decision No.39/2018

– Solar Feed-in-Tariffs

– Wind Feed-in-Tariffs

– Biopower Feed-in-Tariffs

– Avoided Cost Tariff (AVCT) for small hydro

16.10 New Tariff Mechanism (Revised Net Metering Scheme- Decision 02/2019)

16.11 Model Power Purchase Agreements

– Solar PPA Model

– Wind Power PPA Model

16.12 Direct Corporate Power Purchase Agreement (DPPA)

– Market access through CPTPP and EUVNFTA

16.13 Local Provincial Rules for renewable energy development

16.14 Power Master Plan VIII

16.15 New Solar Development Plan

– New Tariff Guidelines for Solar Rooftop Projects

– Solar Tariffs Proposed Under Draft New Decision

16.16 Competitive Auction Mechanism

16.17 Other incentives for Renewable Power Projects

17. Appendix

17.1 Abbreviations

17.2 Market Definitions

– Power

– Renewable Power

– Installed Capacity

– Electricity Generation

– Electricity Consumption

17.3 Methodology

– Coverage

– Secondary Research

– Primary Research

– Modelling and Forecasting

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List of Tables

List of Tables

Table 1: Renewable Energy Policy, Asia Pacific

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

Table 3: Time-Varying Minimum FiTs, 2020

Table 4: Renewable Energy Reverse Auction Winners, ACT, Australia

Table 5: Capacity and number of generators by tariff in 2019-20

Table 6: Renewable Energy Law, China, Major Regulations

Table 7: Renewable Energy Law, China, Renewable Portfolio Standards by Province (%), 2020

Table 8: GEF Funding, China, 2021

Table 9: Power Market, China, Top 10 winners Solar PV Tender, 2019

Table 10: Renewable Energy Market, India, State-wise renewable energy targets, 2022

Table 11: Renewable Energy Market, India, Renewable Purchase Obligation (%), 2019-2021

Table 12: Renewable Energy Certificate Volume, India, 2020

Table 13: Renewable Energy Auctions, India, 2018-2021

Table 14: Renewable Energy Auctions/RFTs Announced, India, 2021

Table 15: Renewable Energy Market, India, FiT for Small Hydro, 2019-2021

Table 16: Renewable Energy Market, India, FiT for Biopower-based Power Plants, FY2021-22

Table 17: Renewable Energy Market, India, Phase-II Grid Connected Rooftop Solar Program, Financial Outlay of Component A

Table 18: Renewable Energy Market, India, Phase-II Grid Connected Rooftop Solar Program, Year-wise Fund Requirement for Component A and Component B

Table 19: Renewable Energy Market, India, Net Metering Regulations in Leading States

Table 20: Renewable Energy Market, India, Net Metering and Gross Metering Policy, Karnataka

Table 21: Renewable Energy Market, India, Power Market Schemes

Table 22: Specific renewable tariffs and method of appointment, Indonesia

Table 23: Current biodiesel consumption mandate, Indonesia

Table 24: Renewable Energy Feed-in Tariffs, Japan (JPY/kWh and $/kWh), 2019

Table 25: Renewable Energy Cost Reduction Targets, Japan (JPY/kWh and $/kWh), 2030

Table 26: Renewable Energy Market, Japan, Solar PV Auctions

Table 27: Renewable Energy Market, Renewable Energy Certificates, Japan

Table 28: Renewable Energy Auctions, Kazakhstan, 2018

Table 29: Renewable Energy Auctions, Kazakhstan, 2019

Table 30: Renewable Energy Auctions, Kazakhstan, 2020

Table 31: Renewable Energy Targets, Malaysia, 2015-2030

Table 32: Feed-in Tariff, 2018-2020

Table 33: Feed-in Tariff Quota, 2021

Table 34: NEM 3.0 quota allocation 2021-2023

Table 35: Fourth LSS, Shortlisted bidders for Package P1 – Project Capacity from 10 MW to less than 30 MW

Table 36: Fourth LSS, Shortlisted bidders for Package P2 – Project Capacity from 30 MW to less than 50 MW

Table 37: Buy-back Rates for Renewable Electricity, New Zealand, 2021

Table 38: Solar power Feed-in-Tariff, Pakistan, July 2016

Table 39: Wind power Feed-in-Tariff, Pakistan,2016

Table 40: High-head (> 20 meters) Hydropower Feed-in-Tariff, Pakistan

Table 41: Low-head (≤ 20 meters) Hydropower Feed-in-Tariff, Pakistan

Table 42: Philippines, Capacity Targets 2011-2030

Table 43: Renewable Energy Market, Feed-in Tariff Rate, Philippines, 2020

Table 44: Renewable Energy Market, Open and Competitive Selection Process Results, Philippines

Table 45: Renewable Energy Market, Capacity Awarded under SolarNova Program, Singapore

Table 46: Renewable Portfolio Standards, South Korea, Targets (%), 2012-2024

Table 47: Allocation of Renewable Energy Certificates, South Korea, 2020

Table 48: Feed-in Tariffs for Renewable Energy Sources, Taiwan, 2021

Table 49: Feed-in Tariffs for Renewable Energy Sources, Taiwan, 2020

Table 50: Target Renewable Energy Capacity by 2036, Thailand

Table 51: Revised Target of Renewable Energy Capacity by 2037, Thailand

Table 52: Renewable Energy Market, Feed-in Tariff levels (THB/kWh), Thailand, 2020

Table 53: Renewable Energy Market, Feed-in Tariff levels ($/kWh), Thailand, 2020

Table 54: Renewable Energy Market, Solar Feed-in-Tariffs (BHT/kWh & $/kWh), Thailand, 2020

Table 55: Capacity Allocation under SPP Hybrid Scheme, Thailand

Table 56: Share of Energy Sources in Original and Revised Power Development Plan VII (%), Vietnam, 2020-2030

Table 57: Targets for Renewable Energy Sources in Original and Revised Power Development Plan VII (%), Vietnam, 2020-2030

Table 58: Renewable Energy Targets for Total Primary Energy Consumption, Vietnam, 2020-2030

Table 59: Vietnam, Result from VNEEP Phase 1 and Phase 2

Table 60: New FiT Regime for Solar

Table 61: Vietnam, Proposed Solar Feed-in-Tariffs, 2019-2021

Table 62: Abbreviations

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