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Prospect of the Global Solar Energy Market and Taiwan’s Expansion Opportunities
 
 
Taiwan Trade Center, Bucharest
2016-11-21
         
 
 

While the global warming is becoming more and more intense, the consensus of saving energy and reducing carbon emission has been reached globally and become a task that must be fulfilled immediately. Countries all over the world are actively developing renewables. In 2015, the global investment in the renewable energy reached the record high, amounting to US$285.9 billion, within which solar energy stood at 56%.

 

Solar energy replaces wind power to become the most prominent renewable. As the technology advances and the cost of solar power falls, the solar energy will turn out to be more cost-effective than traditional sources of power generation.

 

The development of the global solar industry and expansion of related business opportunities include the following:

 

•Solar power is the key to nuclear-free homeland and the core of Taiwan’s green energy development.

 

•As the global solar market experiences a continued growth, countries outside of Europe have become the target markets for expansion. Specifically, in 2015, mainland China overtook Germany in terms of installed solar capacity and was ranked in the first place. Non-European economies such as the US, India, South Korea, and Thailand are the major destinations for market expansion. Furthermore, Africa is another niche market for solar power expansion in that the majority of Africans are still living without electricity.

 

•Taiwan has the advantage of leading technical expertise in producing solar cells and ranks second for cells production. In spite of its competitive edge, Taiwan still needs to expand to downstream industries.

 

•Mainland China and Vietnam are Taiwan’s major export markets of solar cells. In terms of the supply chain under the global solar energy industry, Taiwan maintains competing while cooperative relations with mainland China.

 

•Solar energy will be optimized and end up a buoyant green energy industry if supplemented with power storage products.

 

Ya-Chin Chen(yachin@taitra.org.tw)

 
 
EcoMobility World Festival kicks off in southern Taiwan’s Kaohsiung(2017/10/02)
 
ASUS to recycle 20 percent of its global e-waste by 2025(2017/07/25)
 
Taiwan remains the world’s largest IC materials buyer(2017/04/24)
 
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