NPD Solarbuzz released the latest emerging solar market in Asia Pacific and Central Asia report, is expected to 2017 new solar power demand in Asia Pacific and Central Asia will be more than 3GW, compared with 2012 723MW growth in demand is very strong, the compound annual growth rate as high as 28%.
"In the past, solar energy applications in the Asia Pacific and Central Asia were mainly concentrated in solar lighting and residential buildings." "But the future solar demand will come from the widespread use of large ground power stations," says Han Qiming, an analyst at NPD Solarbuzz. By 2017, the number of ground type installations will account for 64% of total solar power in the Asia Pacific and central asia."
Demand for solar power in the Asia Pacific and Central Asia is still highly fragmented, similar to other emerging solar markets, with diverse policies and a variety of end market drivers. Because Asia is widely regarded manufacturing hub for the solar industry upstream, policymakers for solar power generation to have a deep understanding, so also learn from the mature experience of the European PV market development policy in the process of policy making.
The solar energy demand in the Asia Pacific and Central Asia is mainly from Thailand, Malaysia, Philippines, Indonesia and Taiwan, china. 2013~2017 years, the solar energy demand in these five countries will make up 50% of the total demand.
Thailand is expected to be the largest single market in the region, driven mainly by rapid growth in electricity demand and financial pressure to reduce energy imports.
Indonesia to develop solar power for long-term planning, in 2025 is expected to increase to 0.3% of the solar energy proportion is about new demand for solar 1GW; with the imminent implementation of the tariff, by 2017 Indonesia will become the second largest solar energy market in Southeast Asia; China Taiwan and South Korea will also be preferred for solar power generation listed renewable energy targets the.
In the next few years, more demand will be given to solar energy in the Asia Pacific and Central Asian countries. Philippines has released more than 500MW cumulative solar installation project at the end of 2012, mainly from the strong investment in Japan and South Korea; Bangladesh is already the world's largest off grid solar market, and plans to install one million new solar power system at the end of 2016; Kazakhstan plans to install 77MW solar power station in the next few years; Pakistan also announced that there will be the deployment of solar power 500MW.
"While ensuring adequate financing for solar power projects remains a challenge, the overall solar power demand in the Asia Pacific and Central Asia is expected to account for 5% of the world's total in 2017, to 5GW." Han Qiming added.
(source: Internet)
