PV demand in emerging Asian countries to reach 3 GW by 2017


Representing a shift away from solar lighting and residential installations, large-scale ground-mounted photovoltaic plants are expected to lead EAPCA growth over the next 4 years, with demand increasing from just 723 MW in 2012, to over 3 GW in 2017.

"Although challenges will remain in securing adequate solar PV project financing, we forecast that overall PV demand from the EAPCA region will account for 5% of global PV demand by 2017, with the potential to reach 5 GW," states analyst Steven Han.

Overall, says NPD Solarbuzz in its latest Emerging PV Markets: Asia Pacific and Central Asia Report, the ground-mount segment will account for 64% of all photovoltaic demand in the region. Thailand, Malaysia, the Philippines, Indonesia and Taiwan are expected to lead the way, accounting for 50% of the more than 3 GW cumulative demand between 2013 and 2017.

Specifically, says NPD Solarbuzz, Thailand is anticipated to become the region’s largest photovoltaic market, while Indonesia is forecast to rank second by 2017 supported by its impending FITs.

Meanwhile, the Philippines had a reported pipeline of 500 MW at the end of 2012 – way above the current around 5 MW of cumulative installed photovoltaic capacity; Bangladesh is set to make its solar mark via its off-grid plans, which include installing one million photovoltaic systems by 2016; and Kazakhstan and Pakistan are planning 77 MW and over 500 MW of photovoltaic projects, respectively.

In addition to securing project financing, NPD Solarbuzz says that photovoltaic demand in the EAPCA region remains "highly fragmented" and is characterized by a "diverse range of policies and end-market drivers."

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