Page 7 - GreenEnergy

Overview of Industrial

Development

1 Output Value

Recent figures and future forecasts for Taiwan's green energy output value
are shown in Table 2. Since the announcement of the "Green Energy Technology
Industry Innovation Promotion Plan," Taiwan's solar photovoltaic power installed
capacity has reached 4,478.80MW as of April 2020. The total output value
reached NT$1.11 trillion in 2018. Although the output value of solar photovoltaic
equipment declined significantly in 2019 due to the US-China trade war and the
launch of the "531 Policy" in mainland China, market demand has continued to
grow. As industries rapidly restructure and actively invest in innovative research
and development, the output value in 2019 and 2020 is still expected to exceed
NT$60 billion. The cumulative wind power installed capacity as of April 2020
was 852.40MW. As foreign investors continue to view the industrial development
favorably and continue to expand investments in Taiwan, the output value in 2020
is expected to grow from NT$3.16 billion in 2018 to NT$17 billion in 2020.

Table 2 Output value and cumulative installed capacity of the solar PV
and wind power industries in Taiwan
Output value (or demand) Capacity installed
Sector capacity from
2018 2019(e) 2020(f) 2000 to April 2020 (MW)
(million NTD) (million NTD) (million NTD) 2019(e)/2018
Wafer 25,066 13,477 14,450 -46.2%
Crystalline silicon solar cells 66,019 29,101 30,202 -55.9%
Crystalline silicon modules 9,313 10,044 10,769 +7.8%
PV 11,432 8,453 5,250 -26.1% 4,478.80
industry Related materials
Polycrystalline silicon,
thin-film solar cell 209 196 143 6.2%
modules, and others
Total 1,112,039 61,271 60,814 -45.3%
Wind power industry 12,283 14,125 17,657 +15.0% 852.40
Source: Emerging Energy Industry Yearbook 2019, Industry, Science and Technology International Strategy Center,
Source: Emerging Energy Industry Yearbook 2019, Industry, Science and Technology International Strategy Center,
Industrial Technology Research Institute (May 2019); Energy Statistical Monthly Report, Bureau of Energy,
Industrial Technology Research Institute (May 2019); Energy Statistical Monthly Report, Bureau of Energy,
Ministry of Economic Affairs (June 2020).
Ministry of Economic Affairs (June 2020).
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