The latest analysis from the EnergyTrend research division of TrendForce finds that Taiwan’s newly installed capacity reached historical highs in 2019, with over 36% growth YoY compared to each quarter in 2018. This growth momentum is expected to continue in the next few years as large-scale ground-mounted PV projects are underway.
Global market intelligence firm TrendForce is honored to announce its 20th anniversary in 2020. In addition to offering enterprise consultation services, TrendForce specializes in the comprehensive market analysis of the global technology sector. With over 20 years of industrial data and insights, TrendForce established Prophet, an AI solutions company, in 2017, growing its service areas to include the emerging digital transformation sector. For the past 20 years, TrendForce has been the leading generator of market information in Greater China’s technology industry. Within the next 20 years, the company is looking to build upon its current core competencies and become the preeminent market intelligence provider and enterprise consultancy on the global stage.
Since its domestic grid connections crossed the gigawatt mark in 2018, the Taiwanese solar energy market has come under international scrutiny, as the local government actively executes its two-year solar development program. The latest analysis from the EnergyTrend research division of TrendForce shows that cumulative PV installations in Taiwan reached 3.8GW in September 2019; the adjustments made in the 2020 draft of feed-in tariffs (FIT) are expected to help Taiwan achieve its goal of 6.5GW cumulative PV installations in 2020.
In this press release, TrendForce provides predictions of the information and communication technology industry for 2020, focusing on 10 key themes.
According to the latest “Solar Powering Taiwan: Special Report” by EnergyTrend, a division of TrendForce, Taiwan's PV installations made it past the 1GW mark for the first time in 2018, attracting many investors to set up PV power plants in Taiwan. The Bureau of Energy has therefore increased their installation goal for 2019 to 1.5GW. In order to reach this goal, they will be focusing on four big areas: Taiwan Sugar demonstration projects; industrial factory roofing promotion projects; large developer promotion projects; and projects applied for approval in 2018.