Japan, Taiwan and South Korea to Focus on Offshore Wind, Report Says
MAKE’s 2014 inaugural APeC Wind Power Outlook 2014 is now available.
The 65-page report contains over 85 charts, tables and graphs providing in-depth analysis of 10+ markets in the region. The report studies key drivers and barriers for new wind power installations in Asia Pacific (excl. China), regional macro conditions, regulatory frameworks as well as 10-year market outlooks for each market.
- 69GW of new wind capacity to be commissioned in APeC markets over 2014-2023
- India, Japan and Australia to account for for 77% of all new capacity over the next ten years
- Attractive FITs in emerging markets such as Pakistan, the Philippines and Thailand boost wind development
- New technological improvements unlock potential in low wind speed markets in Southeast Asia
- Japan, Taiwan and South Korea to focus on offshore wind to fulfil their future energy demands
A GDP growth rate close to 6% per year for the next five years, an average 78% consumption of fossil fuels leading to energy imports, positive policy support and technological advances create strong drivers for wind power prospects in the Asia Pacific excluding China (APeC) region.