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Message: Taiwan becomes a GW solar market

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TrendForce says the country deployed more than 1 GW of new PV for the first time last year, and predicts this year may see as much as 1.5 GW of new solar capacity. The nation’s cumulative capacity reached 2,618 MW at the end of last year, according to the International Renewable Energy Agency.

Taiwan saw its installed PV capacity figure rise by more than 1 GW last year, according to market research company TrendForce.

A report by the company said 2018 was a record year for the Taiwanese PV installation, with growth almost doubling on the previous year, which had brought 520 MW of new solar. In the first half of last year alone, new additions totaled around 470 MW.

TrendForce analysts said Taiwanese module maker URE – created from a merger between Neo Solar Power (NSP), Gintech and Solartech last year – accounted for 48% of the country’s panel demand in 2018. That figure was up from NSP’s 30% market share a year earlier and translated into around 500 MW of shipments for URE in 2018. “URE benefited greatly from its three-in-one strategy … to become the top contender by module shipments in Taiwan,” wrote TrendForce analysts.

In the inverter segment, TrendForce said domestic manufacturer Delta remained the largest provider last year, albeit with reduced shipments, and said the market share held by German manufacturer SMA remained steady. “But competitors are rushing in as the market expands, splitting the market shares of pre-existing products,” the TrendForce report noted.

FITs and starts

According to the most recent statistics published by the International Renewable Energy Agency (IRENA), Taiwan had a cumulative installed PV capacity of 2.61 GW at the end of last year.

TrendForce is predicting 1.5 GW of additional PV capacity could be deployed in Taiwan this year as a consequence of new efforts being made by the government to push clean energy...

 

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