Publisher's AsiaPacific Renewable Energy Policy Handbook 2016 report provides analysis of the
renewable power market in the Asia-Pacific region, covering the 15 major
countries of Australia, China, India, Indonesia, Japan, Kazakhstan, Malaysia,
New Zealand, Pakistan, Philippines, Republic of Korea, Singapore, Taiwan,
Thailand, and Vietnam. It also compares the countries based on their use of
different types of renewable power or financial incentives.
The use of
Feed-in Tariffs (FiTs) continues to be a popular form of incentive utilized to
promote renewable power installations in Asia-Pacific (APAC) countries. Apart
from Malaysia, New Zealand, South Korea and Singapore, all other countries
covered in the region have FiTs for one or more renewable technologies. At the
same time, net-metering, which is a recent and more advanced incentive, is
popular in Japan and is gaining ground in India with a few states having
introduced the same for rooftop solar installations. A FiT works by
offering eligible energy companies contracts declaring that they will receive a
fixed return on the renewable energy they provide proportional to how much it
costs to produce, which encourages investment in the industry.
In most APAC
countries, the introduction of dedicated agencies to coordinate installations
and the roll out of FiTs has led to a significant and prompt growth in the
corresponding technologies. India, for example, had fewer than 50 Megawatts
(MW) solar capacity in 2010, which increased to more than 1,000 MW in 2011,
partly because of the introduction of FiTs. China has seen similarly impressive
results through the use of FiTs, achieving the largest installed capacity of
renewable energy across the APAC region and adding 10,950 MW of solar power in
2013, up from 3,500 MW in 2012. In 2015, China added around 15,000 MW of solar
PV capacity.
The report includes: