For different reasons, Taiwan and Australia will round out 2017 as two of the fastest growing mid-sized PV and battery storage markets. DWR eco attended both the PV Taiwan and All Energy Australia trade shows in October, speaking as a part of the conference program and assisting our clients.
Taiwan’s government is looking to reduce its dependence on energy imports and is adopting solar PV at pace. The country has a 20 GW by 2025 goal for solar PV and while many view this as being highly ambitious, not least because of the country’s space constraints, the sector is gearing up to do its best to meet the challenge.
With local manufacturing right across the solar supply chain and a market that is largely closed to imports from Mainland China, Taiwan is attracting attention from PV manufacturing equipment and materials suppliers, alongside module, mounting structure and power electronic component suppliers from Europe, the U.S. and throughput the APAC region itself. This should come as no surprise as Taiwan now can boast of the highest solar FITs in Asia.
Further south, Australia certainly isn’t lacking of sites for PV power plants, and development is taking place at breakneck speed. Developers are scrambling to lock in project contracts and it looks likely that installations will sail past country’s reduced Renewable Energy Target of 33,000 GWh of renewables by 2020.
Australia also remains one of the highest residential rooftop PV markets globally, and the market segment is showing no signs of slowdown. In fact,November was a record month for solar rooftop installations, with over 120 MW of rooftop PV systems under 100kW being installed in the month.
Turning to storage, Asian and European residential battery suppliers are descending on the Australian market at breakneck speed, with installation growth looking to have hit an inflection point. High and rising electricity costs are combining with consumer frustrations and fears regarding future hikes, resulting in households adding battery systems to increase their independence from electric utilities. While estimates vary, something in the range of 20,00 – 30,00 residential batteries will be installed by Aussie households in in 2017, with some tipping that number to double in 2018.