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Biomass renewable energy market asia pacific

Published on April 11th, 2013 | by Zachary Shahan

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Asia-Pacific Renewable Energy Market To Hit 535.2 GW By 2020 (GBI Research Report)

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April 11th, 2013 by Zachary Shahan
 
According to a recently published report by GBI Research*, the Asia-Pacific region’s cumulative installed capacity from renewable energy sources (excluding hydropwer) is expected to reach 535.2 GW (535,200 MW) by 2020.

Of course, the rapid economic growth of several countries in this region is a key factor stimulating this projected growth, as well as the urgent and widely recognized threat of global warming.

The percentage of power generated from renewable energy sources is expected to rise from 12.1% in 2011 to around 19% in 2020, according to GBI Research’s Renewable Energy Market in Asia-Pacific to 2020 report*. While that may look good superficially, that means that the greatly expanded power markets of the Asia-Pacific region would still be powered 81% by fossil fuels, nuclear energy, and hydropower — quite disheartening. Such a scenario would very likely lead us to catastrophic climate change that is hard to even think about.

Getting back to the report, I will give you 5 full pennies if you can guess which country will lead the way in renewable energy growth (answer after the jump).

renewable energy market asia pacific

If you guessed China, come to my apartment sometime and I’ll give you your five pennies.

By the end of China’s 12th five-year plan, China is expected to reach a staggering 130 GW (130,000 MW) of renewable energy capacity. (Unfortunately, as noted above, a similarly staggering rise in fossil fuel power would be very bad news for the climate that our water supplies, agriculture, and cities depends on.)



“Government of China has planned to add total 49 GW of renewable energy capacity in 2013 out of which 21 GW will be from hydro, 18 GW from wind and 10 GW from solar,” GBI Research writes. “China is expected to continue investing in the renewable energy industry, and the government has set a target for 15% of the country’s electricity to be being generated from renewable sources by 2020.”

Other major countries that will contribute to Asia-Pacific’s renewable energy growth include India, Japan, Australia, Indonesia, the Philippines, and Thailand. “Between 2012 and 2020, the cumulative renewable installed capacity for China, India, Japan, Australia, Thailand, Indonesia and the Philippines is expected to increase at a Compound Annual Growth Rate (CAGR) of 12.2%, from 181.7 Gigawatts (GW) in 2011 to 535.2 GW in 2020,” GBI Research writes.

*In order to let you know about more in-depth research on various cleantech markets, we’ve decided to partner with a couple of leading market research firms, GlobalData and GBI Research. Basically, the deal is pretty simple: you get a discount on market research reports (10% off**); CleanTechnica gets a cut of the sales (yay!); and GlobalData and GBI Research sell more of their top-notch market research reports.

**The discount code to use when ordering Renewable Energy Market in Asia-Pacific to 2020 is: GBIPC1609. The 10% discount expires on April 30, 2013.

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About the Author

is the director of CleanTechnica, the most popular cleantech-focused website in the world, and Planetsave, a world-leading green and science news site. He has been covering green news of various sorts since 2008, and he has been especially focused on solar energy, electric vehicles, and wind energy since 2009. Aside from his work on CleanTechnica and Planetsave, he's the founder and director of Solar Love, EV Obsession, and Bikocity. To connect with Zach on some of your favorite social networks, go to ZacharyShahan.com and click on the relevant buttons.



  • http://twitter.com/ProfRayWills Professor Ray Wills

    Hmmm – some inconsistencies here:

    Discounting hydro, if China continues to add 38 GW of solar + wind as for 2012 on(they won’t do any less from this point on) then another 7 years of additions to 2020 and China will get to 266 GW by 2020 – much more than 130GW stated above which I think is out of date – it is now 200 GW of wind + 50 GW of solar for the 2020 target as set below:

    TARGET 2015 2020
    On-grid wind power capacity (GW) >100 >200
    Solar power capacity (GW) >21 >50
    Biomass power capacity (GW) 13 30

    SOURCE http://www.reuters.com/article/2012/08/14/china-power-targets-idAFL4E8JD2WV20120814

    I’d willing to bet more than 5 pennies on the likely outcome the China’s renewables will be north of 300 GW by 2020.

    Another is this idea that China’s electricity growth will be exponential – first this is not logical as China’s economic miracle is based on modern efficient manufacturing and falling emissions intensity. Further the latest data show’s that electricity consumption is not climbing steeply – indeed in the last couple of years climbing slowly at around 5% while the economy is growing at around 9%.

    http://www.bloomberg.com/news/2013-01-14/china-s-power-consumption-slows-in-2012-as-economic-growth-eases.html

    http://cleantechnica.com/2013/01/10/china-renewable-energy-the-outlook-for-growth/

    Interestingly this growth rate in electricity consumption in China would appear to be in the same ballpark as that provided in by growing renewable energy generation.

    BTW – I’ll pick up my five pennies, will give you a call next time I’m in the States :-)

    • http://zacharyshahan.com/ Zachary Shahan

      I’m actually in Poland, not the States (though, I am American). :D

      • http://twitter.com/ProfRayWills Professor Ray Wills

        Well – Poland it is then ^-^

        • http://zacharyshahan.com/ Zachary Shahan

          haha, see you soon! :D

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  • James Wimberley

    I like Global Data’s estimating renewable capacity in Asia 7 years ahead to 0.2 of a gigawatt, when the error around their estimate must be at least 100 GW either way.

  • anderlan

    We need to be going up by like 100GW per year. Then I’ll be happy-ish. I believe we (ok, mostly just China) still make *way* more square meters of flat panel screens than we make square meters of solar panels. That’s depressing.

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