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


Chailease Leads the Pack in 2019 Rankings of Taiwanese EPC Suppliers, Says TrendForce

Wednesday , 03 / 18 / 2020 [ Analysts: Sharon Chen ]

  • The yearly COD capacity of the top 10 EPC suppliers accounted for 44% of Taiwan’s PV market

According to the latest edition of the 2020 Solar Powering Taiwan: Special Report, published by the EnergyTrend research division of TrendForce, the Taiwanese PV market reached newly installed capacity of 1,411MW in 2019, which was 94% of the way to meeting its 1.5GW goal. Taiwan’s newly installed capacity in 2019 set a record since the market’s inception, in addition to landing it in the global GW-club.

TrendForce Assistant Research Manager Sharon Chen states that the competition between EPC suppliers (that is, downstream PV system providers) intensified as various ground-mounted PV projects started to take place. For EPC suppliers, securing these ground-mounted projects is the key to gaining a competitive advantage in the industry. At any rate, the competition is expected to clear up in 2021. In the 2019 Taiwanese EPC market, Chailease emerged as the market leader, continuing its pole position from 2018, ranked by yearly grid-connection capacity (also known as COD, or commercial operation date, capacity). Of particular note, this market ranking does not distinguish between pure-play developers and power plant operators. Chailease maintained its efforts on solar power purchasing agreements (PPA), with a chief focus on roof-type projects, while branching out to other types of PV developments. Remarkably, however, Chailease has not as of yet undertaken any large-scale ground-mounted PV projects, which it is projected to start developing in order to maintain its market competitiveness. Vena Energy, on the other hand, benefitted from the successful grid connection of its large-scale ground-mounted PV projects and ranks second on the list.

The 10 largest EPC suppliers in Taiwan accounted for about 40% share of the domestic PV market in 2019, with only Chailease occupying over 10% of the market. On the other hand, up to 50% of small-scale and medium-scale system suppliers in Taiwan individually produces yearly installed capacity from 2MW to 20MW. These providers are key to securing Taiwan’s status as a GW PV market. Looking towards the rest of 2020, Sharon Chen indicates that various regional markets around the globe have postponed their grid connection deadlines one after another, with Taiwan postponing its deadline by two months. In light of these developments, the peak installation period for the global PV market this year is projected to begin in mid-3Q20, whereas PV module and raw material supply chains are expected to see gradual improvements in May regarding supply interruptions.

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.