Media Contact

Ms. Lindsay Hou

Tel: +886-2-8978-6488 ext.667

RSS Subscription
  DRAM  
  NAND Flash  
  Storage  
  Display  
  Consumer Electronics  
  LED  
  Green Energy  
  Internet of Things  
  Semiconductors  
  Automotive Electronics  
  Innovative Technological Applications  
       

Press Release


Annual Decline for Feed-in Tariff Should be Set at 4% in Order to Meet 2025 PV Installation Goals, Says TrendForce

Monday , 08 / 19 / 2019 [ Analysts: Sharon Chen ]

According to the latest “Solar Powering Taiwan: Special Report” by EnergyTrend, a division of TrendForce, Taiwan's PV installations made it past the 1GW mark for the first time in 2018, attracting many investors to set up PV power plants in Taiwan. The Bureau of Energy has therefore increased their installation goal for 2019 to 1.5GW. In order to reach this goal, they will be focusing on four big areas: Taiwan Sugar demonstration projects; industrial factory roofing promotion projects; large developer promotion projects; and projects applied for approval in 2018.  

TrendForce Analyst Sharon Chen points out that, in order to deal with the very first stages of energy liberalization, Taiwan requires the use of FiTs (Feed-in Tariffs) to widen citizen participation. Thus, in order to reach 20GW in total accumulated installations by 2025, it is suggested that the decline rate of the average FiT be set at around 4%. Given the average FiT in 2019, 5.4258 NTD/kWh, it is estimated that the average FiT for 2025 will come to around 4.2472 NTD/kWh, and power plant investors may still receive the most basic IRR (internal rate of return).  

Lowering FiTs by the year has become a global trend. Since power plant investors will necessarily seek to lower the LCOE (Levelized cost of electricity), it has become the investors' top concern to find ways on how to use power gain modules and inverters that increase electricity generation while keeping the CAPEX and OPEX low. Naturally, this forms the key to gaining a foothold in the market for module and inverter suppliers.

URE Safely Sits the Shipment Throne for 1H19, while AUO's Shipments Grow

Analyzing Taiwan's module market, URE still takes the throne in 1H19, with AUO taking second, and CSI taking third, which is the first time it has done so. Compared to last year, the Taiwan market took up 10% less in share of all URE shipments in 1H19. Thus we see that companies have gradually adjusted their global strategies and lowered participation in the Taiwan market. AUO followed closely behind, and grew significantly in shipments compared to 2018 after adjusting sales strategies.

TSEC's shipments for 1H19 were mainly the contributions of supplying large-scale projects located in Chiayi, whereas shipments for the indicative ground-mounted 150MW PV system project in Qigu, Tainan this March will begin in 2H19. TSEC is therefore predicted to jump forward again in shipment rankings in 2019. Notably, TSMMC (Motech + Giga Solar) jumped all the way to sixth place after winning a project from a large EPC developer.

VPC Certifications are Here, with Taiwan's Inverters Shipment Rankings to Reshuffle Yet Again

Taiwan has been enforcing VPCs (Voluntary Product Certifications) for inverters since May 20, 2019, with most Taiwanese inverter suppliers beginning to take up VPCs since 2018. Hence, when looking at Taiwan's inverter shipments from 1H19 onwards, we see Taiwanese suppliers standing out from the rest. In Taiwan markets, Delta still reigns as the champion in inverter shipments, while other suppliers went through another reshuffling. Among them, Goodwe, being an early entrant in the Taiwan market and one of the earlier suppliers to test for VPC compliance, reached fourth place in shipments for 1H19.

German inverter giant SMA saw a noticeable fall in shipments in 1H19, which may be attributed to unclear strategies for the Taiwan market following its exit from China's market. Satcon, who won second place in 2018 but has yet to acquire a VPC and has made adjustments to its agent strategies, saw fewer sales in 1H19.

TrendForce's latest webinar: Regional Project Report – “Solar Powering Taiwan: Special Report  has already begun! This webinar attempts to give penetrating analyses into power plant supply chain, power plant demand and investment or risk management for key equipment. What are you waiting for ? Watch the Webinar here for more exciting content:  https://webinar.trendforce.com/pv-power-plant-webinar-en/index.html

To keep updated with our press releases, please follow our social media pages. facebookGoogle+TwitterLinkin

TrendForce Press Center Copyright Notice
TrendForce grants you a limited license to use and/or republish any of the press releases on TrendForce Press Center for any legitimate media purpose (including copying and redistributing the content of press releases in any format and via any outlets), provided that you follow these license terms:

1. Reference TrendForce as the source on your works, or include a hyperlink to the original release on the TrendForce site.
2. Do not modify any press release wording, or maliciously alter its related information. Users are subject to any civil or criminal liabilities if the information displayed in the copy or redistribution of press releases is inconsistent with the original materials on TrendForce Press Center.
3. Do not modify or add hyperlinks, including but not limited to adlinks, within the press release. The authorization of press releases on TrendForce Press Center does not grant users the right to suggest, approve or endorse their value-added derivatives on behalf of this body.

If your citations of press releases contain mistakes and/or have information missing, TrendForce may, in its sole discretion, direct you to remove the content distributed via TrendForce from your site at any time and for any reason, and you agree to comply with such request.