Media Contact

Ms. Lindsay Hou

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

RSS Subscription
  NAND Flash  
  Consumer Electronics  
  Green Energy  
  Internet of Things  
  Automotive Electronics  
  Innovative Technological Applications  

Press Release

Taiwan EPC Supplier Rankings for 2018: Chailease Energy's Market Share Gone Above 10%, Says TrendForce

Wednesday , 04 / 17 / 2019 [ Analysts: Sharon Chen ]

According to the latest Regional Project Report – “Solar Powering Taiwan: Special Report  by EnergyTrend , a division of TrendForce , new installations in the Taiwan's PV system market may reach 1.58GW in 2019. If 2020 sees 2GW worth of new installations, then the Bureau of Energy, Ministry of Economic Affairs may reach their set goal to accumulate 6GW in new installations by 2020. Among Taiwan's EPC suppliers ranked for 2018, Chailease Energy takes the lead and boasts a market share of 10%.

EnergyTrend Analyst Sharon Chen explains that Taiwan's PV EPC suppliers do not make a clear distinction between developers, EPC, contractors and PV project owners, often mixing the four. Parent companies are often further divided into numerous special purpose vehicles (SPVs), mainly due to Taiwan's finance banks assigning a financing limit to each SPV. Companies must create another SPV should they exceed this limit.  

Chailease: Taiwan's Leading PV Project Owner and EPC Supplier

EnergyTrend ranked Taiwan's EPC suppliers for the first time. Although Chailease Finance, boasting the largest amount of installations in 2018, focuses on leasing as per namesake and entered the PV industry rather late, it was able to establish its position as the leading EPC supplier in a short amount of time. This is mainly because Chailease purchased solar farms directly in its early days—at least 100MW per year— and established an Energy Development Company later in 2015, trying its hand at development, operation and maintenance. Chailease hopes to possess at least 2GW plant capacity by 2025 and capture a market share of 10%. Yet according to EnergyTrend's statistics, Chailease's PV systems have already hit this 10% mark in 2018.

SinoPac Most Supportive of PV Financing, While Major Banks and Insurance Companies Enter PV One by One

Looking at banks, SinoPac has been taking up PV financing projects back in 2012, and has financed over 600MW in accumulated capacity as of 2018, taking first place in green energy financing; second and third goes to Cathay United Bank and E.SUN commercial bank , respectively. Analysis of SinoPac's operations show that, apart from putting large efforts into the major counties and cities, SinoPac's success derives from its deviating from conservative strategies adopted generally by other Taiwanese banks. It instead integrated multiple financing services and promoted its products through a diverse range of channels, and aided the growth of many smaller EPCs, reducing their Capexes incurred in the establishment of power plants.

As for insurance, six insurance companies (including Cathay Life Insurance, the earliest PV entrant) have lined their sights on the stable gains from PV power plants and invested in PV. Their investments are predicted to have come to over NT$110 billion as of today .

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.