Annual growth rate of photovoltaic demand in emerg

Release time:2021-06-21 20:55

NPD Solarbuzz's latest report on emerging solar markets in Asia Pacific and Central Asia points out that the demand for solar power in the emerging Asia Pacific and Central Asia is expected to exceed 3gw by 2017, which is very strong compared with the demand of 723mw in 2012, with a compound annual growth rate of 28%.

"In the past, solar energy applications in Asia Pacific and Central Asia were mainly focused on solar lighting and residential buildings." "But the future demand for solar energy will come from the widespread use of large-scale ground power stations," said Han Qiming, an analyst at NPD Solarbuzz. By 2017, terrestrial installations will account for 64% of total solar power generation in Asia Pacific and Central Asia. "

The demand for solar power generation in Asia Pacific and Central Asia is still highly dispersed, and similar to other emerging solar markets, it has multiple policies and various end market driving forces. As Southeast Asia is widely regarded as the central hub of the upstream manufacturing of solar energy industry, policy makers have a deeper understanding of solar power generation, so in the process of policy formulation, they also learn from the mature experience of European photovoltaic market policy development.

Solar energy demand in Asia Pacific and Central Asia mainly comes from Thailand, Malaysia, Philippines, Indonesia and Taiwan. From 2013 to 2017, solar energy demand in these five countries is expected to account for 50% of the total demand.

Thailand is expected to become the largest single market in the region, mainly driven by the rapid growth of electricity demand and financial pressure to reduce energy imports.

Indonesia has formulated a long-term plan for solar power generation, which is expected to increase the proportion of solar power generation to 0.3% by 2025, about 1GW of new solar energy demand; By 2017, Indonesia will become the second largest solar energy market in Southeast Asia with the help of the coming grid price; Taiwan and South Korea have also made solar power a priority for renewable energy.

In the next few years, more countries in Asia Pacific and Central Asia will increase their demand for solar energy. At the end of 2012, the Philippines announced the cumulative installation projects of more than 500 MW solar energy, mainly from the strong investment of Japan and South Korea; Bangladesh is already the world's largest off grid solar market, and plans to install one million new solar power systems by the end of 2016; Kazakhstan plans to install 77mw solar power plants in the next few years; Pakistan also announced that 500 MW of solar power will be deployed.

"While ensuring adequate financing for solar power projects remains a challenge, the overall demand for solar power in Asia Pacific and Central Asia is expected to account for 5% of the world's total in 2017, reaching 5GW." Han added.