26 Jun '15, 1pm

India will drive the majority of growth in APeC by 2024, but other markets to increase capacity

MAKE Consulting expects India to connect almost 48GW of new capacity through 2024, accounting for 59% of total new regional capacity in the forecast period. With the reintroduction of the key generation based incentive and accelerated depreciation scheme in the last two years, the market has seen a rebound with the emergence of IPPs as a new driving force, building larger capacity wind power plants with larger capacity turbines. Outside of the key Indian market, Australia and Japan will see contrasting outlooks largely driven by policy outcomes. In Australia, the compromise over the national renewable energy target will see a 20% downgrade leaving less room for new capacity additions. In Japan, high feed-in-tariffs (FITs) have attracted a strong pipeline (6GW+) of projects undergoing environmental impact assessment (EIA) that should lead to the market taking off starting f...

Full article: http://www.renewableenergyfocus.com/view/42487/india-will...

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