Asia Pacific Renewable Energy Policy Handbook 2024

1.1 Reignited focus towards Nuclear Power
1.2 China leading the renewables charge through solar installations.

2.1 Renewable Energy Market, Overview
2.2 Policy Snapshot
2.3 Renewable Energy Targets
2.4 Renewable Energy Policy Framework

• Renewable Energy Target (RET) Scheme
• Climate Change Target 2030
• Long Term Emissions Reduction Plan
• Offshore Clean Energy Infrastructure Regulatory Framework
• Financial Incentives and Policy Support for Solar Power, Australia, Federal Incentives
• Clean Energy Finance Corporation (CEFC)
• Emissions Reduction Fund (ERF)
• 2023-24 Budget
• National Hydrogen Strategy
• Australia-Germany Hydrogen Accord - Hygate program
• Microgrids
• Australian Clean Hydrogen Trade Program (ACHTP)

2.5 State Level Policies and Incentives-South Australia

• Feed-in Tariffs
• South Australia Renewable Energy Auctions
• The Sustainability Incentives Scheme
• South Australia Energy and Emissions Reduction Agreement
• National Hydrogen Strategy - South Australia

2.6 State Level Policies and Incentives-New South Wales (NSW)

• Electricity Infrastructure Roadmap
• Assessing large-scale solar projects in NSW
• Proposed New Energy Policy Framework
• Feed-in Tariffs
• Funds for Renewable Energy in Regional Communities
• Solar Homes Policy
• Solar for Low Income Household
• Empowering Homes: Solar Battery Loan Program
• NSW Energy and Emissions Reduction Agreement
• National Hydrogen Strategy - New South Wales
• Small-scale Technology Certificates

2.7 State Level Policies and Incentives-Victoria

• Renewable Energy Action Plan
• Victoria's Climate Change Strategy
• Feed-in Tariffs
• Agriculture Energy Investment Plan (AEIP)
• New Renewable Energy Target for Victoria (VRET)
• The Victorian Renewable Energy Auction Scheme (VREAS)
• Renewable Hydrogen Commercialization Pathways Fund
• Victorian Big Battery (VBB)
• National Hydrogen Strategy - Victoria

2.8 State Level Policies and Incentives-Tasmania

• Feed-in Tariffs
• Renewable Energy Action Plan
• Renewable Energy Target
• Tasmania Energy and Emissions Reduction Agreement
• National Hydrogen Strategy - Tasmania
• Tasmanian Renewable Hydrogen Action Plan

2.9 State Level Policies and Incentives-Queensland

• Feed-in Tariffs
• Queensland Renewable Energy Auctions
• Queensland interest-free solar loans
• Solar 150 initiative
• CleanCo
• National Hydrogen Strategy - Queensland

2.10 State Level Policies and Incentives-Australian Capital Territory

• ACT Renewable Energy Auctions
• Home Battery Storage Program
• Rooftop Solar Scheme
• Sustainable Household Scheme
• National Hydrogen Strategy - Australian Capital Territory

2.11 State Level Policies and Incentives-Western Australia

• Climate Policy
• Energy Transformation Strategy
• Distributed Energy Buyback Scheme (DEBS)
• National Hydrogen Strategy - Western Australia

2.12 State Level Policies and Incentives-Northern Territory

• Roadmap to achieve Renewable Energy Target
• Incentives for Renewable Energy
• Solar Energy Transformation Program (SETuP)
• National Hydrogen Strategy - Northern Territory

3.1 Renewable Energy Market, Overview
3.2 Policy Snapshot
3.3 Renewable Energy Targets
3.4 Renewable Energy Policy (REP)
3.5 Mujib Climate Prosperity Plan 2022-2041
3.6 Integrated Energy and Power Master Plan (IEPMP) 2023
3.7 Hydrogen Energy
3.8 Sustainable and Renewable Energy Development Authority Act
3.9 The Bangladesh Energy Regulatory Commission (BERC) Act 2003
3.10 Net Metering
3.11 Solar Home Systems Program

4.1 Renewable Energy Market, Overview
4.2 Policy Snapshot
4.3 Renewable Energy Targets
4.4 Renewable Energy Law

• Taxation Measures
• Grid Access
• Interconnection Standards
• Special Fund for Renewable Energy Development
• Renewable Energy Power Consumption Guarantee Mechanism
• Renewable Energy Law Amendments

4.5 International Science and Technology Co-operation Program for New and Renewable Energy
4.6 The 14th Five-Year Plan
4.7 Hydrogen Energy in China

• Shandong Province
• Guangdong Province
• Heibei Province
• Ningxia Province
• Henan Province

4.8 Renewable Portfolio Standard (RPS)
4.9 Carbon Intensity Target
4.10 National Emission Trading Scheme (ETS)
4.11 Global Environment Facility (GEF) Grants
4.12 Subsidy-Free Solar, Wind Power Policy
4.13 Financial Incentives and Policy Support for Solar, China

• Solar Auctions and Schemes
• Solar Mandate
• Action Plan for the Development of Smart Photovoltaic Industry

4.14 Financial Incentives and Policy Support for Wind, China

• Wind Auctions and Rules
• Notice on Provisional Management Measures for Distributed Wind Power Project Development and Construction for all provinces.
• Notice regulating the standardization of the wind power equipment and generators quality.
• Market Entry Standards for Wind Equipment Manufacturers

4.15 Financial Incentives and Policy Support for Hydropower, China

• Preferential Value Added Tax for Small Hydropower
• Rural Electrification Policies Favouring Small Hydro Installation
• China Three Gorges rules for new domestic hydro projects

4.16 Financial Incentives and Policy Support for Biopower, China

• Value Added Tax for Biogas
• Non-food Biomass Feedstock Standardization Technical Committee

5.1 Renewable Energy Market, Overview
5.2 Policy Snapshot
5.3 Renewable Energy Targets
5.4 Electricity Act of 2003

• National Electricity Policy (NEP, 2022)
• National Electricity Policy (NEP, 2021)

5.5 Electricity (Amendment) Bill, 2022
5.6 National Renewable Energy Act, 2015
5.7 Cross Border Power Trade Regulation, 2020
5.8 Cross Border Electricity Trade, 2021
5.9 Scheme for Supply of Round-The-Clock (RTC) Renewable Energy
5.10 National Action Plan on Climate Change

• State Action Plan on Climate Change (SAPCC)

5.11 Amendments in National Tariff Policy
5.12 Renewable Energy Certificates

• REC Amendment 2021
• REC Amendment 2022

5.13 Memorandum- “Make in India” for Local Content in Renewable Energy Products
5.14 Memorandum-Quality of Solar Modules
5.15 National Wind-Solar Hybrid Policy
5.16 National Repowering and Life Extension Policy for Wind Power Projects
5.17 Quality Control Manual for Grid Connected Rooftop Solar PV Systems and Solar PV Water Pumping Systems
5.18 Green Term Ahead Market (GTAM)
5.19 Green Energy Corridor
5.20 Interstate Transmission Network System (ISTS)-Connected Wind-Solar Hybrid Power Projects
5.21 Extension on Waiver of Inter-State Transmission Charges
5.22 Union Budget Allocation

• 2023-2024
• 2022-2023

5.23 National Hydrogen Mission
5.24 Pradhan Mantri Suryodaya Yojana (PMSY)
5.25 Renewable Energy Auctions

• Auction Analysis

5.26 Feed-in-Tariffs

• Small Hydro
• Bioenergy
• Solar Power
• Wind Power

5.27 Support for Renewable Energy, India

• Support for Solar Power
• Support for Wind Power
• Support for Biopower

Support for Small Hydropower

6.1 Renewable Energy Market, Overview
6.2 Policy Snapshot
6.3 Renewable Energy Targets
6.4 National Energy Policy
6.5 New Tariff Regime for Renewables
6.6 Presidential Regulation 112
6.7 Indonesia Electricity Supply Plan (RUPTL), 2021-2030
6.8 Revocation of 32 regulations in the Energy and Minerals Sector in 2018
6.9 Other Electricity Sector Regulations

• Ministerial Decree number 10/2017 (MEMR 10/2017)
• Ministerial Decree number 11/2017 (MEMR 11/2017)

6.10 Net-metering scheme
6.11 Value-Added Tax and Import Duty Exemption for Renewable Energy Property
6.12 Geothermal Law

• Auctions for Geothermal Working Areas (WKP)

6.13 Geothermal Fund
6.14 Other Fiscal Incentives

• Tax Allowance
• Tax Holiday

6.15 OJK Carbon Exchange Regulation

7.1 Renewable Energy Market, Overview
7.2 Policy Snapshot
7.3 Renewable Energy Targets
7.4 Basic Energy Plan until 2030
7.5 Sixth Strategic Energy Plan, 2021
7.6 Hydrogen Energy in Japan

• Basic Hydrogen Strategy

7.7 Japan Renewable Energy Policy Platform
7.8 Amendment of the Renewable Energy Act (New Feed-in Tariff Act)
7.9 Feed-in Tariffs for Renewable Energy

• Feed-in-Premium (FiP)

7.10 Renewable Energy Auctions

• Solar PV Auctions
• Auction Analysis
• Offshore Wind Auctions
• Offshore Wind Bill
• Onshore Wind Auctions
• Biopower Auctions

7.11 RE 100
7.12 Establishment of New Energy Development Organization
7.13 Renewable Energy Certificates (REC) in Japan
7.14 Act No. 89 of 2018
7.15 Cool Earth-Innovative Energy Technology Program

8.1 Renewable Energy Market, Overview
8.2 Policy Snapshot
8.3 Renewable Energy Targets
8.4 Law on Electricity
8.5 Law on the Use of Renewable Energy Sources
8.6 Doctrine for Carbon Neutrality by 2060
8.7 Hydrogen Energy
8.8 Long-Term Development Strategy for the Period up to 2025
8.9 Renewable Energy Auctions
8.10 New Financing Framework by EBRD for Renewables

9.1 Renewable Energy Market, Overview
9.2 Policy Snapshot
9.3 Renewable Energy Targets
9.4 Renewable Energy Development Strategy
9.5 Hydrogen Energy
9.6 Law on Investment Promotion
9.7 National Green Growth Strategy to 2030
9.8 National Policy on Sustainable Hydropower Development
9.9 Nationally Determined Contribution

10.1 Renewable Energy Market, Overview
10.2 Policy Snapshot
10.3 Renewable Energy Targets
10.4 Electricity Supply Act 1990
10.5 Renewable Energy Act 2011
10.6 National Energy Policy (2022 - 2040)
10.7 Twelfth Malaysia Plan, 2021-2025
10.8 Malaysia Renewable Energy Roadmap (MyRER)

• Key actions up to 2025
• Key actions up to 2035

10.9 National Energy Transition Roadmap (NETR)
10.10 Feed-in Tariffs (FiTs)
10.11 Net-Energy Metering (NEM)
10.12 National Renewable Energy Policy and Action Plan
10.13 Hydrogen Energy in Malaysia

• Hydrogen Economy & Technology Roadmap

10.14 Sustainable Energy Development Authority (SEDA) Act 2011
10.15 Energy Efficiency and Conservation Act (ECCA)
10.16 Green Technology Financing Scheme (GTFS)
10.17 Green Investment Tax Allowance (GITA) and Green Income Tax Exemption (GITE)
10.18 Competitive Bidding for Renewable Energy Projects - Auctions
10.19 Supply Agreement of Renewable Energy (SARE)
10.20 Corporate Green Power Programme

11.1 Renewable Energy Market, Overview
11.2 Policy Snapshot
11.3 Renewable Energy Targets
11.4 Hydrogen Energy in Pakistan
11.5 Power Sector Reforms

• National Power System Expansion Plan (NPSEP)
• Indicative Generation Capacity Expansion Plan (IGCEP)

11.6 Alternative and Renewable Energy Policy (AREP) 2019

• Tax Exemption under AREP
• Tax and Duty Exemption
• Exchange Protection

11.7 National Power Policy, 2015
11.8 Provincial power policies

• Sindh
• Baluchistan
• Punjab
• Pakhtunkhwa

11.9 Direct Sale of Renewable Electricity to End Users
11.10 Feed-in Tariffs (FiT), Pakistan

• Solar Power Feed-in Tariffs
• Wind Power Feed-in Tariffs
• Small Hydropower Feed-in Tariffs

11.11 Auctions
11.12 Net-metering
11.13 Sindh Solar Energy Program
11.14 Tax Exemptions
11.15 National Solar Energy Initiative

12.1 Renewable Energy Market, Overview
12.2 Policy Snapshot
12.3 Renewable Energy Targets
12.4 National Renewable Energy Program (NREP)
12.5 Renewable Energy Act

• Amendment 2021
• Amendment 2022

12.6 Renewable Portfolio Standards
12.7 Green Energy Option Program (GEOP)
12.8 Net-Metering
12.9 Green Energy Auction Program (GEAP)
12.10 Open and Competitive Selection Process (OCSP)
12.11 Competitive Selection Process (CSP) for Power Supply Agreements

13.1 Renewable Energy Market, Overview
13.2 Policy Snapshot
13.3 Renewable Energy Targets
13.4 Green Growth Policy
13.5 New Deal 2.0

• Green New Deal

13.6 Tenth Basic Plan, 2024 - 2038
13.7 Third Energy Master Plan 2019-2040
13.8 Renewable Portfolio Standard (RPS)
13.9 Renewable Energy Certificates (REC)
13.10 Fixed price contract bidding system
13.11 Korea Renewable Energy 3020 Plan
13.12 Auctions
13.13 Hydrogen Energy
13.14 Tax Audit Exemption
13.15 Mandatory Use of Renewable Energy for Public Buildings
13.16 K-RE100 Scheme

14.1 Renewable Energy Market, Overview
14.2 Policy Snapshot
14.3 Renewable Energy Targets
14.4 The Electricity Act
14.5 Renewable Energy Development Act (REDA)
14.6 New Green Energy Revolution
14.7 National Energy Program
14.8 Green Finance Action Plan
14.9 Solar Power Programs
14.10 Wind Power Programs
14.11 Feed in Tariffs
14.12 Incentives for Renewable Energy Sources

• Demonstration awards and subsidies
• Tax incentives

14.13 Renewable Energy Auction
14.14 Other Programs and Initiatives

• Shalun Green Energy Science City

Green Energy Roofs Project

15.1 Renewable Energy Market, Overview
15.2 Policy Snapshot
15.3 Renewable Energy Targets
15.4 Thailand Integrated Energy Blueprint (TIEB)
15.5 Power Development Plan 2018-2037 (PDP2018)
15.6 Alternative Energy Development Plan 2015-2036

• Amendment of Alternative Energy Development Plan 2015-2036

15.7 National Energy Plan (NEP)
15.8 Feed-in-Tariffs

• For Very Small Power Producers (VSPPs)
• Solar Power Feed-in-Tariffs

15.9 Solar photovoltaic (PV) scheme for local household rooftops, 2019-2028
15.10 Net metering scheme for residential PV
15.11 Tax Incentives through Board of Investment

• Five-Year Investment Promotion Strategy

15.12 Hydrogen energy in Thailand
15.13 Carbon Credit

16.1 Renewable Energy Market, Overview
16.2 Policy Snapshot
16.3 Renewable Energy Targets
16.4 Introduction of Competition in Power Market
16.5 Power Development Plan VIII (PDP VIII)
16.6 Revised Power Development Plan VII (PDP VII)
16.7 Renewable Energy Development Strategy 2016-2030 with outlook until 2050 (REDS)
16.8 National Green Growth Strategy

• National Green Growth Strategy 2021-2030

16.9 Feed-in Tariffs (FiTs)

• Biopower Feed-in-Tariffs

16.10 Avoided Cost Tariff (AVCT) for small hydro.
16.11 Net Metering Scheme
16.12 Model Power Purchase Agreements

• Solar PPA Model
• Wind Power PPA Model

16.13 Direct Corporate Power Purchase Agreement (DPPA)

• Market access through CPTPP and EUVNFTA

16.14 Local Provincial Rules for renewable energy development

• Tariff Guidelines for Solar Rooftop Projects

16.15 Competitive Auction Mechanism
16.16 Other incentives for Renewable Power Projects

17.1 Abbreviations
17.2 Market Definitions

• Power
• Renewable Power
• Installed Capacity
• Electricity Generation
• Electricity Consumption

17.3 Methodology

• Coverage
• Secondary Research
• Primary Research
• Modelling and Forecasting
• About the Publisher
• Contact the Publisher

Table 1: Renewable Energy Policy, Asia Pacific
Table 2: Policy Snapshot, Australia, 2023
Table 3: New Large-scale Renewable Energy Target, Annual Targets, Australia (TWh), 2015-2030
Table 4: HyGATE program
Table 5: Time-Varying Minimum FiTs, 2023-24
Table 6: Tasmanian Renewable Hydrogen Action plan Targets
Table 7: Renewable Energy Reverse Auction Winners, ACT, Australia
Table 8: Capacity and number of generators by tariff in 2021
Table 9: Renewable Hydrogen Strategy, Western Australia
Table 10: Policy Snapshot, Bangladesh, 2023
Table 11: Power Supply Outlook, IEPMP, Bangladesh, 2022-2050
Table 12: Policy Snapshot, China, 2023
Table 13: Renewable Energy Law, China, Major Regulations
Table 14: Renewable Energy Law, China, Renewable Portfolio Standards by Province (%), 2021
Table 15: GEF Active Projects Funding, China, 2023
Table 16: GEF Funding Allocation, STAR GEF-8, China, 2022
Table 17: Power Market, China, Top 10 winners Solar PV Tender, 2019
Table 18: Policy Snapshot, India, 2023
Table 19: Renewable energy market, India, state-wise renewable energy targets vs actuals, 2022
Table 20: Renewable Energy Market, India, Renewable Purchase Obligation (%), 2023-2030
Table 21: Renewable Energy Certificate Volume, India, 2023-24
Table 22: Minimum Module Efficiency required to be eligible for enlistment under ALMM
Table 23: SECI 1.2GW ISTS Wind Solar Hybrid Power (Tranche-VI) Auction Results
Table 24: ISTS waiver of Offshore Wind Power projects
Table 25: ISTS waiver of Green Hydrogen and Green Ammonia projects
Table 26: SECI 1.2GW Wind T-XIV Auction Results
Table 27: Indicative Auction Tracjectory for Offshore Wind Power
Table 28: Renewable Energy Auctions, India, 2018-2023
Table 29: Renewable Energy Market, India, FiT for Small Hydro, 2019-2023
Table 30: Renewable Energy Market, India, FiT for Biopower-based Power Plants, FY2022-23
Table 31: Renewable Energy Market, India, Net Metering Regulations in Leading States
Table 32: Renewable Energy Market, India, Net Metering and Gross Metering Policy, Karnataka
Table 33: Policy Snapshot, Indonesia, 2023
Table 34: Specific renewable tariffs and method of appointment, Indonesia
Table 35: Applicable Tender process under Regulation 112, Indonesia
Table 36: Planned Capacity Additions (in MW), RUPTL, Indonesia, 2021-2030
Table 37: Policy Snapshot, Japan, 2023
Table 38: Renewable Energy Cost Reduction Targets, Japan (JPY/kWh and $/kWh), 2030
Table 39: Renewable Energy Feed-in Tariffs, Japan (JPY/kWh and $/kWh), 2023
Table 40: FiTs and FiPs Eligibility by Year, Japan, 2022
Table 41: Renewable Energy Market, Japan, Solar PV Auctions
Table 42: Renewable Energy Market, Japan, Offshore Wind Auctions
Table 43: Renewable Energy Market, Japan, Onshore Wind Auctions
Table 44: Renewable Energy Market, Japan, Biopower Auctions
Table 45: Renewable Energy Market, Renewable Energy Certificates, Japan
Table 46: Policy Snapshot, Kazakhstan, 2022
Table 47: Renewable Energy Auctions, Kazakhstan, 2018
Table 48: Renewable Energy Auctions, Kazakhstan, 2019
Table 49: Renewable Energy Auctions, Kazakhstan, 2020
Table 50: Renewable Energy Auctions, Kazakhstan, 2021
Table 51: Renewable Energy Auctions, Kazakhstan, 2022
Table 52: Policy Snapshot, Laos, 2023
Table 53: Policy Snapshot, Malaysia, 2023
Table 54: NETR Targets, Malaysia, 2023-2050
Table 55: Feed-in Tariff, 2023
Table 56: NEM 3.0 quota allocation 2021-2023
Table 57: Five strategic thrusts under the Hydrogen Roadmap
Table 58: Fourth LSS, Shortlisted bidders for Package P1 - Project Capacity from 10MW to less than 30MW
Table 59: Fourth LSS, Shortlisted bidders for Package P2 - Project Capacity from 30MW to less than 50MW
Table 60: Policy Snapshot, Pakistan, 2023
Table 61: Solar power Feed-in-Tariff, Pakistan
Table 62: Wind power Feed-in-Tariff, Pakistan
Table 63: High-head (> 20 meters) Hydropower Feed-in-Tariff, Pakistan
Table 64: Low-head (= 20 meters) Hydropower Feed-in-Tariff, Pakistan
Table 65: Policy Snapshot, Philippines, 2023
Table 66: NREP, 2011-2030 Installation Targets vs. Actual (MW)
Table 67: GEAP First Round Auction, Philippines, 2022
Table 68: Renewable Energy Market, Open and Competitive Selection Process Results, Philippines
Table 69: Policy Snapshot, South Korea, 2023
Table 70: Generation Plan by Technology, 10th Basic Plan, South Korea, 2030-36
Table 71: Generation Target/Forecast for select technologies, 10th Basic Plan, South Korea, 2022-30
Table 72: Renewable Portfolio Standards, South Korea, Targets (%), 2016-2026
Table 73: REC Weighting Scheme Details
Table 74: K-RE100 Scheme
Table 75: Policy Snapshot, Taiwan, 2023
Table 76: Feed-in Tariffs for Solar Power Plants, Taiwan, 2021
Table 77: Feed-in Tariffs for Renewable Energy Sources, Taiwan, 2021
Table 78: Feed-in Tariffs for Solar Power Plants, Taiwan, 2022
Table 79: Feed-in Tariffs for Renewable Energy Sources, Taiwan, 2022
Table 80: Feed-in Tariffs for Solar Power Plants, Taiwan, 2023
Table 81: Feed-in Tariffs for Renewable Energy Sources, Taiwan, 2023
Table 82 Renewable Auction Results, round 3.1, Taiwan, 2022
Table 83: Policy Snapshot, Thailand, 2022
Table 84: PDP Targets, Thailand
Table 85: Target Renewable Energy Capacity by 2036, Thailand
Table 86: Revised Target of Renewable Energy Capacity by 2037, Thailand
Table 87: Renewable Energy Market, Feed-in Tariff levels, Thailand, 2022
Table 88: Renewable Energy Market, Feed-in Tariff levels (THB/kWh), Thailand, 2022
Table 89: Renewable Energy Market, Solar Feed-in-Tariffs (BHT/kWh & $/kWh), Thailand, 2022
Table 90: Policy Snapshot, Vietnam, 2023
Table 91: PDP VIII, Capacity Forecast, 2030 and 2050
Table 92: Renewable Energy Targets for Total Primary Energy Consumption, Vietnam, 2020-2030
Table 93: Abbreviations

Table 1: Renewable Auctions, Auctioned Capacity (GW) Vs. Awarded Capacity (GW), India, 2017-2023
Table 2: Renewable Auctions, Awarded Capacity (GW) by Technology, India, 2017-2022
Table 3: Renewable Auctions, Solar PV Prices ($/MWh), India, 2017-2023
Table 4: Solar PV Auctions, Auctioned Capacity (MW) Vs. Awarded Capacity (MW), Japan, 2017-2022
Table 5: Solar PV Auctions Bidding Price Comparison, Japan, 2017-2023