This market report offers an incisive and reliable overview of the photovoltaic energy sector of Asia countries for the period 2019 ÷ 2028...
Update: September, 2019
Format: 1 file(s) (PDF report) in English language and 1 file(s) in MS Excel with data for charts and tables
Author: Renewable Market WatchTM
Pages: 204
Report production №: RMWIN34920191282
Delivery: Up to 24 hours by e-mail
Subscription: In the report price is included subscription for 1 year period with 4 qurterly updates
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This is a uniquely thorough and detailed market report, which offers an incisive and reliable overview of the solar photovoltaic sector of Asian countries for the next long term period 2019 ÷ 2028. The number of fully permitted and ready to build projects is promptly increasing. The newly installed PV capacity in this region will exceed 35 GW in 2019. The rooftop market segment in many countries is not developed and forecasted to score significant growth in the near future. The report provides a complete picture of the market situation, dynamics, risks, current issues and future prospects. You will find more than 200 pages of valuable information in this unique in-depth analysis of the Asian countries solar PV market. With comprehensive market data, this report brings clear and concise insights, to help investors, manufacturers and service providers in their decision making process. As 2017 and 2018 were challenging years for the photovoltaic (solar PV) industry, the time for taking right decisions during 2019 and the next few years is limited. A fast-changing market environment requires relevant and accurate information. For your convenience, we offer the opportunity for orders with customized report content. Reasons to buy this market report are, but not limited to:
- Solar resource potential in Asia countries
- Over 50 charts, maps and tables
- Historical market data provided from 2000 to 2018 and forecasts until 2028
- Overview of Asia photovoltaic (solar PV) market development 2008 ÷ 2028 by countries
- Development scenario of Asian countries photovoltaic (solar PV) sector until 2028
- Prosumer and Net Metering models, incentives and regulatory framework
- Database with 200+ major active and upcoming photovoltaic (solar PV) plants in Asian countries
- Attractiveness indices for photovoltaic (solar PV) investments in Asian countries
- SWOT Analysis (detailed in 5 pages)
- Overview of Asia legal and regulatory framework for RES generation by countries
- Project developers, EPC providers and Consultants in Asian countries
- Key organizations and stakeholders affecting the development of the photovoltaic sector by countries
- A comprehensive review of smart grid development in Asian countries
- Investment potential and opportunities
On the next pages, you will see the full table of content of this report. To order this report just click on the button "ADD TO CART". The table of contents is referential and may vary upon report updates. If you have any other questions or data requests please do not hesitate to call us on ++44 203 807 00 79 or write an e-mail to orders@renewablemarketwatch.com
FOREWORD 8
1. METHODOLOGY 10
1.1. Methodology 10
1.2. Limitations 13
2. EXECUTIVE SUMMARY 14
3. ASIA COUNTRIES RENEWABLE ENERGY POLICY LANDSCAPE 17
3.1. Renewable Energy Support Programs for Asian countries 17
3.2. Renewable energy mandatory targets for Asian countries 17
4. ASIA COUNTRIES ENERGY MARKET 19
4.1. General electricity market information 19
5. WORLD PHOTOVOLTAIC ENERGY MARKET 24
5.1. PV modules and PV systems costs 24
5.2. Market overview 27
5.3. Future development trends 33
6. EUROPEAN PHOTOVOLTAIC ENERGY MARKET 38
7. ASIA COUNTRIES SOLAR RESOURCE POTENTIAL AND MAPPING 47
8. ASIA COUNTRIES PHOTOVOLTAIC ENERGY MARKET 49
8.1. Market overview 49
8.2. Country attractiveness index for photovoltaic energy investments 51
9. COUNTRY PROFILES 53
9.1. AUSTRALIA 53
9.1.1. Australia Photovoltaic Energy Market Overview 53
9.1.2. Renewable Energy Incentives and Generation Capacity Mandatory Target 54
9.1.3. Major deals, M&A activity, major planned, development and operating photovoltaic projects 55
9.1.4. RES Legal and Regulatory Framework 56
9.1.5. Key Stakeholders, Organizations and Institutions 58
9.2. CHINA 62
9.2.1. China Photovoltaic Energy Market Overview 62
9.2.2. Renewable Energy Incentives and Generation Capacity Mandatory Target 64
9.2.3. Major deals, M&A activity, major planned, development and operating photovoltaic projects 65
9.2.4. RES Legal and Regulatory Framework 66
9.2.5. Key Stakeholders, Organizations and Institutions 69
9.3. INDONESIA 71
9.3.1. Indonesia Photovoltaic Energy Market Overview 71
9.3.2. Renewable Energy Incentives and Generation Capacity Mandatory Target 73
9.3.3. Major deals, M&A activity, major planned, development and operating photovoltaic projects 74
9.3.4. RES Legal and Regulatory Framework 76
9.3.5. Key Stakeholders, Organizations and Institutions 79
9.4. JAPAN 80
9.4.1. Japan Investment Climate 80
9.4.2. Electricity Market Structure 81
9.4.3. Japan Photovoltaic Energy Market Overview 85
9.4.4. Renewable Energy Incentives and Generation Capacity Mandatory Target 87
9.4.5. Major deals, M&A activity, major planned, development and operating photovoltaic projects 90
9.4.6. RES Legal and Regulatory Framework 94
9.4.7. Key Stakeholders, Organizations and Institutions 97
9.5. MALAYSIA 102
9.5.1. Malaysia Photovoltaic Energy Market Overview 102
9.5.2. Renewable Energy Incentives and Generation Capacity Mandatory Target 102
9.5.3. Major deals, M&A activity, major planned, development and operating photovoltaic projects 103
9.5.4. RES Legal and Regulatory Framework 104
9.5.5. Key Stakeholders, Organizations and Institutions 105
9.6. PHILIPPINES 108
9.6.1. Philippines Photovoltaic Energy Market Overview 108
9.6.2. Renewable Energy Incentives and Generation Capacity Mandatory Target 110
9.6.3. Major deals, M&A activity, major planned, development and operating photovoltaic projects 110
9.6.4. RES Legal and Regulatory Framework 112
9.6.5. Key Stakeholders, Organizations and Institutions 112
9.7. SOUTH KOREA 115
9.7.1. South Korea Photovoltaic Energy Market Overview 115
9.7.2. Renewable Energy Incentives and Generation Capacity Mandatory Target 118
9.7.3. Major deals, M&A activity, major planned, development and operating photovoltaic projects 122
9.7.4. RES Legal and Regulatory Framework 126
9.7.5. Key Stakeholders, Organizations and Institutions 127
9.8. THAILAND 130
9.8.1. Thailand Photovoltaic Energy Market Overview 130
9.8.2. Renewable Energy Incentives and Generation Capacity Mandatory Target 132
9.8.3. Major deals, M&A activity, major planned, development and operating photovoltaic projects 133
9.8.4. RES Legal and Regulatory Framework 134
9.8.5. Key Stakeholders, Organizations and Institutions 136
9.9. TAIWAN 137
9.9.1. Taiwan Photovoltaic Energy Market Overview 137
9.9.2. Renewable Energy Incentives and Generation Capacity Mandatory Target 138
9.9.3. Major deals, M&A activity, major planned, development and operating photovoltaic projects 139
9.9.4. RES Legal and Regulatory Framework 140
9.9.5. Key Stakeholders, Organizations and Institutions 141
9.10. VIETNAM 142
9.10.1. Vietnam Photovoltaic Energy Market Overview 142
9.10.2. Renewable Energy Incentives and Generation Capacity Mandatory Target 144
9.10.3. Major deals, M&A activity, major planned, development and operating photovoltaic projects 147
9.10.4. RES Legal and Regulatory Framework 149
9.10.5. Key Stakeholders, Organizations and Institutions 151
10. COMPARATIVE ANALYSIS OF SUPPORT SCHEMES IN ASIA COUNTRIES. FEED-IN TARIFFS AND GREEN CERTIFICATES 153
11. COMPARATIVE ANALYSIS OF MANDATORY CAPACITY GENERATION TARGETS IN ASIA COUNTRIES 154
12. ELECTRICITY GRID NETWORK IN ASIA COUNTRIES 156
12.1. Transmission System Operators (TSO’s) 157
12.2. Distribution System Operators (DSO’s) 161
12.3. Grid connection constraints 162
13. SMART GRID DEVELOPMENT IN ASIA COUNTRIES 165
13.1. Smart Grid and Super Smart Grid Concept 165
13.2. Smart grids development in ASIA countries 167
13.3. Smart grids development in the ASIA countries 169
14. COMPETITIVE LANDSCAPE. PROJECT DEVELOPERS AND INVESTORS IN ASIA PHOTOVOLTAIC ENERGY MARKET 173
15. EPC AND O&M PROVIDERS, EQUIPMENT MANUFACTURERS AND CONSULTANTS IN ASIA PHOTOVOLTAIC ENERGY MARKET 175
16. SWOT ANALYSIS OF ASIA PHOTOVOLTAIC ENERGY MARKET 181
17. RISKS ABOUT PHOTOVOLTAIC INVESTMENTS IN ASIA COUNTRIES 185
17.1. Risks Associated with the Photovoltaic Energy Industry in ASIA countries 185
17.1.1. Regulatory Risk 185
17.1.2. Competition within the Photovoltaic Energy Industry 185
17.1.3. Public Attitudes towards Photovoltaic Energy Projects 186
17.1.4. Emerging Market Risk 187
17.1.5. Insurance Risk 187
17.1.6. Force Majeure Risk 187
17.2. Risks Associated with the Investor’s Finance Arrangements 187
17.2.1. Asset Sale Risk 187
17.2.2. Borrowing Risk 188
17.2.3. Foreign Exchange Risk 188
17.3. Risks Associated with the Development of Photovoltaic Energy Plants 189
17.3.1. Variability in the Source of Photovoltaic Energy 189
17.3.2. Development of the Project and Construction Risk 189
17.3.3. Capital Cost Risk 189
17.3.4. Permits 190
17.3.5. Land Options 190
17.3.6. Construction 191
17.3.7. Dependency on Suppliers 191
17.3.8. Technology Risk 191
17.3.9. Operation and Maintenance Risk 192
17.3.10. Market Price of Electricity 192
18. INVESTMENT TRENDS, POTENTIAL AND OPPORTUNITIES IN ASIA PHOTOVOLTAIC ENERGY MARKET 193
19. CONCLUSIONS 195
20. LIST OF ABBREVIATIONS 198
21. REFERENCES 200
22. DISCLAIMER 204
23. APPENDIX I. SOLAR RESOURCE MAPS OF ASIA COUNTRIES 205
- MAP 1: The grid map of Asia 20
MAP 2: Interconnection Grid Map of Asian Countries 22
MAP 3: Solar Resource Map of Australia 54
MAP 4: Solar Resource Map of China 63
MAP 5: Solar Resource Map of Indonesia 73
MAP 6: Electricity Grid Map of Japan 82
MAP 7: Solar Resource Map of Japan 86
MAP 8: Solar Resource Map of Philippines 109
MAP 9: Solar Resource Map of Thailand 131
MAP 10: Solar Resource Map of Taiwan 138
MAP 11: Solar Resource Map of Vietnam 144
MAP 12: Smart Grid Projects Map in Asia 2019 172
Map 13: Solar irradiation and solar electricity potential for optimally inclined photovoltaic modules in Asia Countries 205
Map 14: Solar irradiation and solar electricity potential for horizontally mounted photovoltaic modules in Asia countries 206
Chart 1: Contribution of Key Drivers Toward Module Cost Reduction 25
Chart 2: PV module price trends from 2008 to 2028 (€/Wp) 26
Chart 3: PV system price evolution (€/Wp) in 2019 27
Chart 4: Global PV cumulative installed capacity share in 2019 (MW; %) 29
Chart 5: PV market share outside Asia in 2019 (MW; %) 32
Chart 6: Global annual PV market forecast 2008 - 2028 (in MW) 35
Chart 7: Global Rooftop Photovoltaic Development Scenario 2008 - 2028 36
Chart 8: European PV markets split 2019 (in MW and %) 40
Chart 9: Top 5 European residential PV markets in 2019 (in %) 41
Chart 10: Top 5 European commercial PV markets in 2019 (in %) 43
Chart 11: European annual cumulative photovoltaic market forecast until 2028 (in MW) 46
Chart 12: Cumulative developments of photovoltaic power plants in ASIA countries in MW from 2008 to 2028, including estimates 50
Chart 13: Cumulative developments of photovoltaic power plants in Australia in MW from 2008 to 2028, including estimates 55
Chart 14: Cumulative developments of photovoltaic power plants in China in MW from 2008 to 2028, including estimates 65
Chart 15: Cumulative developments of photovoltaic power plants in Indonesia in MW from 2008 to 2028, including estimates 75
Chart 16: Cumulative developments of photovoltaic power plants in Japan in MW from 2008 to 2028, including estimates 93
Chart 17: Cumulative developments of photovoltaic power plants in Malaysia in MW from 2008 to 2028, including estimates 104
Chart 18: Cumulative developments of photovoltaic power plants in Philippines in MW from 2008 to 2028, including estimates 111
Chart 19: Solar Resource Map of South Korea 115
Chart 20: Cumulative developments of photovoltaic power plants in South Korea in MW from 2008 to 2028, including estimates 123
Chart 21: Cumulative developments of photovoltaic power plants in Thailand in MW from 2008 to 2028, including estimates 134
Chart 22: Cumulative developments of photovoltaic power plants in Taiwan in MW from 2008 to 2028, including estimates 140
Chart 23: Cumulative developments of photovoltaic power plants in Vietnam in MW from 2008 to 2028, including estimates 148
Chart 24: Mandatory capacity generation targets for share of renewable energies in Asian countries to 2028 (in %) 154
Chart 25: Smart Grid Model Concept 165
Chart 26: The SuperSmart Grid Diagram 167
Chart 27: Budget of smart grids projects in Asia, 2008 ÷ 2028 170
Chart 28: Cumulative budget of smart grid projects in selected Asian countries compared to average EU numbers, 2008 ÷ 2028 171
Table 1: Top 5 countries by newly installed ground mounted PV capacity in MW in 2019 31
Table 2: Support schemes for RES generation in Asian countries 38
Table 3: Attractiveness index for photovoltaic energy investments in ASIA countries in 2019 51
Table 4: Feed-in tariff for photovoltaic energy in Australia 58
Table 5: Feed-in tariff for photovoltaic energy in China 68
Table 6: Feed-in tariff for photovoltaic energy in Indonesia 78
Table 7: Planned solar projects in Japan for 2019 - 2028 92
Table 8: Feed-in tariff for photovoltaic energy in Japan 97
Table 9: Support schemes in ASIA countries, 2019 153
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