3.2 The policy instruments supporting the APAC …
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3.1.4 South Korea
In 2017, the solar PV capacity was of 5.5 gigawatts and the wind capacity was of
1.1 gigawatts. The South-Korean government is committed to increase the share
of renewable energy in the generation mix from 7% to 20% by 2030. This corresponds to an additional 30,8 gigawatts of solar PV and 16.5 gigawatts of wind
capacity. Large-scale projects are planned to account for 28.8 gigawatts of this
additional capacity (Lee 2019).
3.1.5 Taiwan
The Taiwanese government has defined three key objectives by 2025: (1) reduction of the coal-fired and oil-fired energy production, (2) nuclear-free energy
production and (3) increasing the renewable share of energy production from 4.8%
in 2016 to 20% by 2025.
The Four-Year Plan of Promotion for Wind Power sets targets for both onshore and offshore wind with respectively 814 megawatts and 520 megawatts by
2020, corresponding to 1,9 terawatts hour of electricity generation each (Bureau
of Energy, Ministry of Economic Affairs 2009). Further development brings the
targets for onshore and offshore wind power capacity respectively to 1.2 gigawatts
and 3 gigawatts by 2025, corresponding to 2,9 terawatts hour and 11,1 terawatts
hour of electricity generation.
Regarding solar PV, a target of 6,5 gigawatts of power capacity is set for 2020
corresponding to 8,1 terawatts hour of electricity generation. In 2025, the solar
PV capacity is expected to be of 20 gigawatts for a 25 terawatts hour of electricity
generation (R. Wang 2017).
In November 2019, the Taiwanese government took the decision to increase
the offshore wind capacity targets. 10 gigawatts of additional offshore wind are
now planned between 2026 and 2036, bringing the capacity to 15.5 gigawatts in
2035, up from the 5.5 gigawatts in development by 2025 (Qiao 2019).
3.2
The Policy Instruments Supporting the APAC
Renewable Energy Development
The author reviewed first some general publications concerning auctions and renewable energy policy instruments. The practical literature review continued with
17
3.1.4 South Korea
In 2017, the solar PV capacity was of 5.5 gigawatts and the wind capacity was of
1.1 gigawatts. The South-Korean government is committed to increase the share
of renewable energy in the generation mix from 7% to 20% by 2030. This corresponds to an additional 30,8 gigawatts of solar PV and 16.5 gigawatts of wind
capacity. Large-scale projects are planned to account for 28.8 gigawatts of this
additional capacity (Lee 2019).
3.1.5 Taiwan
The Taiwanese government has defined three key objectives by 2025: (1) reduction of the coal-fired and oil-fired energy production, (2) nuclear-free energy
production and (3) increasing the renewable share of energy production from 4.8%
in 2016 to 20% by 2025.
The Four-Year Plan of Promotion for Wind Power sets targets for both onshore and offshore wind with respectively 814 megawatts and 520 megawatts by
2020, corresponding to 1,9 terawatts hour of electricity generation each (Bureau
of Energy, Ministry of Economic Affairs 2009). Further development brings the
targets for onshore and offshore wind power capacity respectively to 1.2 gigawatts
and 3 gigawatts by 2025, corresponding to 2,9 terawatts hour and 11,1 terawatts
hour of electricity generation.
Regarding solar PV, a target of 6,5 gigawatts of power capacity is set for 2020
corresponding to 8,1 terawatts hour of electricity generation. In 2025, the solar
PV capacity is expected to be of 20 gigawatts for a 25 terawatts hour of electricity
generation (R. Wang 2017).
In November 2019, the Taiwanese government took the decision to increase
the offshore wind capacity targets. 10 gigawatts of additional offshore wind are
now planned between 2026 and 2036, bringing the capacity to 15.5 gigawatts in
2035, up from the 5.5 gigawatts in development by 2025 (Qiao 2019).
3.2
The Policy Instruments Supporting the APAC
Renewable Energy Development
The author reviewed first some general publications concerning auctions and renewable energy policy instruments. The practical literature review continued with