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)

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

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 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 (%)

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.

TSEC Corporation
Motech Industries Inc
United Renewable Energy Co Ltd
Topper Sun Energy Technology Co Ltd
Taiwan Power Co Ltd

Table of Contents

  • 1. Introduction

    • 1.1. Carbon Dioxide Emissions, Global, 2001–2022
    • 1.2. Primary Energy Consumption, Global, 2001–2022
    • 1.3. Report Guidance

  • 2. Renewable Power Market, Taiwan

    • 2.1. Renewable Power Market, Taiwan, Installed Capacity, 2010-2035
    • 2.2. Renewable Power Market, Taiwan, Cumulative Installed Capacity by Source, 2010-2035
    • 2.3. Renewable Power Market, Taiwan, Cumulative Installed Capacity Share by Source, 2022 and 2035
    • 2.4. Renewable Power Market, Taiwan, Net Capacity Additions by Source, 2022-2035
    • 2.5. Renewable Power Market, Taiwan, Capacity Growth by Source, 2022-2035
    • 2.6. Renewable Power Market, Taiwan, Power Generation, 2010-2035
    • 2.7. Renewable Power Market, Taiwan, Power Generation by Source, 2010-2035
    • 2.8. Renewable Power Market, Taiwan, Growth in Power Generation by Source, 2022-2035

  • 3. Solar PV Market, Taiwan

    • 3.1. Solar PV Market, Taiwan, Installed Capacity, 2010-2035
    • 3.2. Solar PV Market, Taiwan, Power Generation, 2010-2035
    • 3.3. Solar PV Market, Taiwan, Market Size, 2010-2030
    • 3.4. Solar PV Market, Taiwan, Power Plants
    • 3.5. Solar PV Market, Taiwan, Major Active Plants
    • 3.6. Solar PV Market, Taiwan, Snapshot of Upcoming Plants
    • 3.7. Solar PV Market, Taiwan, Key Under-construction Projects
    • 3.8. Solar PV Market, Taiwan, Deal Analysis, 2022
    • 3.9. Solar PV Market, Taiwan, Deal Volume vs. Deal Value, 2010–2022
    • 3.10. Solar PV Market, Taiwan, Split by Deal Type, 2022
    • 3.11. Solar PV Module Market, Taiwan, 2012-2026
    • 3.12. Solar PV Module Market, Taiwan, Market size by Type, 2012-2026

  • 4. Renewable Energy Policy Framework, Taiwan

    • 4.1. Renewable Energy Market, Overview
    • 4.2. Policy Snapshot
    • 4.3. Renewable Energy Targets
    • 4.4. The Electricity Act
    • 4.5. Renewable Energy Development Act (REDA)
    • 4.6. New Green Energy Revolution
    • 4.7. National Energy Program
    • 4.8. Green Finance Action Plan
    • 4.9. Solar Power Programs
    • 4.10. Wind Power Programs
    • 4.11. Feed in Tariffs
    • 4.12. Incentives for Renewable Energy Sources
    • 4.13. Demonstration awards and subsidies
    • 4.14. Tax incentives
    • 4.15. Renewable Energy Auction
    • 4.16. Other Programs and Initiatives
    • 4.17. Shalun Green Energy Science City
    • 4.18. Green Energy Roofs Project

  • 5. Solar PV Power Market, Taiwan, Company Profiles

    • 5.1. TSEC Corporation
    • 5.2. TSEC Corporation – Company Overview
    • 5.3. TSEC Corporation – Business Description
    • 5.4. TSEC Corporation – Major Products and Services
    • 5.5. TSEC Corporation – Head Office
    • 5.6. Motech Industries Inc
    • 5.7. Motech Industries Inc – Company Overview
    • 5.8. Motech Industries Inc – Major Products and Services
    • 5.9. Motech Industries Inc – Head Office
    • 5.10. United Renewable Energy Co Ltd
    • 5.11. United Renewable Energy Co Ltd – Company Overview
    • 5.12. United Renewable Energy Co Ltd – Major Products and Services
    • 5.13. United Renewable Energy Co Ltd – Head Office
    • 5.14. Topper Sun Energy Technology Co Ltd
    • 5.15. Topper Sun Energy Technology Co Ltd – Company Overview
    • 5.16. Topper Sun Energy Technology Co Ltd – Major Products and Services
    • 5.17. Topper Sun Energy Technology Co Ltd – Head Office
    • 5.18. Taiwan Power Co Ltd
    • 5.19. Taiwan Power Co Ltd – Company Overview
    • 5.20. Taiwan Power Co Ltd – Major Products and Services
    • 5.21. Taiwan Power Co Ltd – Head Office

  • 6. Appendix

    • 6.1. Abbreviations
    • 6.2. Market Definitions
    • 6.3. Power
    • 6.4. Renewable Power
    • 6.5. Installed Capacity
    • 6.6. Electricity Generation
    • 6.7. Electricity Consumption
    • 6.8. Methodology
    • 6.9. Coverage
    • 6.10. Secondary Research
    • 6.11. Primary Research
    • 6.12. Modelling and Forecasting

  • 7. Contact Us

Table

Table 1: Carbon Dioxide Emissions from Energy Consumption, Global, 2001–2022

Table 2: Primary Energy Consumption, Global, 2001–2022

Table 3: Renewable Power Market, Taiwan, Cumulative Installed Capacity by Source (MW), 2010-2035

Table 4: Renewable Power Market, Taiwan, Cumulative Installed Capacity Share by Source (%), 2022 and 2035

Table 5: Renewable Power Market, Taiwan, Net Capacity Additions by Source (MW), 2022-2035

Table 6: Renewable Power Market, Taiwan, Capacity Growth by Source, 2022-2035

Table 7: Renewable Power Market, Taiwan, Power Generation by Source (GWh), 2010-2035

Table 8: Renewable Power Market, Taiwan, Growth in Power Generation by Source, 2022-2035

Table 9: Solar PV Market, Taiwan, Installed Capacity (MW), 2010-2035

Table 10: Solar PV Market, Taiwan, Power Generation (GWh), 2010-2035

Table 11: Solar PV Market, Taiwan, Market Size ($m), 2010-2030

Table 12: Solar PV Market, Taiwan, Major Active Plants

Table 13: Solar PV Market, Taiwan, Snapshot of Upcoming Plants

Table 14: Solar PV Market, Taiwan, Key Under-construction Projects

Table 15: Solar PV Market, Taiwan, Deal Volume vs. Deal Value ($m), 2010–2022

Table 16: Solar PV Market, Taiwan, Deals by Type, 2022

Table 17: Solar PV Module Market, Taiwan, Crystalline Modules, Market Size ($m), 2012-2026

Table 18: Solar PV Module Market, Taiwan, Thin-film Modules, Market Size ($m), 2012-2026

Table 19: Policy Snapshot, Taiwan, 2022

Table 20: Feed-in Tariffs for Solar Power Plants, Taiwan, 2021

Table 21: Feed-in Tariffs for Renewable Energy Sources, Taiwan, 2021

Table 22: Feed-in Tariffs for Solar Power Plants, Taiwan, 2022

Table 23: Feed-in Tariffs for Renewable Energy Sources, Taiwan, 2022

Table 24: Feed-in Tariffs for Solar Power Plants, Taiwan, 2023

Table 25: Feed-in Tariffs for Renewable Energy Sources, Taiwan, 2023

Table 26 Renewable Auction Results, round 3.1, Taiwan, 2022

Table 27: TSEC Corporation, Major Products and Services

Table 28: Motech Industries Inc, Major Products and Services

Table 29: United Renewable Energy Co Ltd, Major Products and Services

Table 30: Topper Sun Energy Technology Co Ltd, Major Products and Services

Table 31: Taiwan Power Co Ltd, Major Products and Services

Table 32: Abbreviations

Figures

Figure 1: Carbon Dioxide Emissions from Energy Consumption, Global, 2001–2022

Figure 2: Primary Energy Consumption, Global, 2001–2022

Figure 3: Renewable Power Market, Taiwan, Cumulative Installed Capacity by Source (MW), 2010-2035

Figure 4: Renewable Power Market, Taiwan, Cumulative Installed Capacity Share by Source (%), 2022 and 2035

Figure 5: Renewable Power Market, Taiwan, Net Capacity Additions by Source (MW), 2022-2035

Figure 6: Renewable Power Market, Taiwan, Capacity Growth by Source, 2022-2035

Figure 7: Renewable Power Market, Taiwan, Power Generation by Source (GWh), 2010-2035

Figure 8: Renewable Power Market, Taiwan, Growth in Power Generation by Source, 2022-2035

Figure 9: Solar PV Market, Taiwan, Installed Capacity (MW), 2010-2035

Figure 10: Solar PV Market, Taiwan, Power Generation (GWh), 2010-2035

Figure 11: Solar PV Market, Taiwan, Market Size ($m), 2010-2030

Figure 12: Solar PV Market, Taiwan, Snapshot of Upcoming Plants

Figure 13: Solar PV Market, Taiwan, Deal Volume vs. Deal Value ($m), 2010–2022

Figure 14: Solar PV Market, Taiwan, Split by Deal Type (%), 2022

Figure 15: Solar PV Module Market, Taiwan, Crystalline Modules, Market Size ($m), 2012-2026

Figure 16: Solar PV Module Market, Taiwan, Thin-film Modules, Market Size ($m), 2012-2026

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