Taiwan Solar Capacity Exceeded 1 GW In 2018

Apr 11,2019
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The Taiwanese PV market crossed 1 GW mark of installed capacity in 2018 for the first time, according to EnergyTrend, a division of TrendForce. By the end of 2019, it is expected to report another 1.5 GW of new installations, the market researchers said.

EnergyTrend’s latest work on the Taiwanese PV market titled Regional Project Report-Solar Powering Taiwan: Special Report, calls 2018 as the most ‘disastrous’ year for the country’s solar PV manufacturers, but ‘best’ in terms of solar installations downstream.

Regarding module manufacturers, it was United Renewable Energy (URE), an entity created through the merger of Neo Solar Power (NSP), Gintech and Solartech, that claimed a market share of 48% in 2018, increasing from 30% in 2017 with 500 MW of total shipments. Second in line was AU Optronics, followed by Gintung, TSEC and Anji.

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Among inverter companies, the report places Delta Electronics on top as it exceeded 1 GW of inverter shipments for the 1st time in 2018, yet its market shares went down by 10% YoY. The market is getting competitive with the entry of several other companies in this segment.

Satcon followed Delta through Skwentex acting as its sales representative. Huawei came next, followed by Primvolt, SMA, SolarEdge and SunGrow, among others.

EnergyTrend analyst Sharon Chen points out that although the market scale for PV systems is not as large as that of wind power, it has already undergone a long formation process. Consider further the fact that PV power plants have a relatively steady and high return on investment, and it’s not hard to see why even banks and life insurance firms are scrambling to claim a portion of this market.