1 Table of Contents
1 Table of Contents 2
1.1 List of Tables 6
1.2 List of Figures 8
2 Executive Summary 10
2.1 Global Carbon Emissions Continue to Increase in 2010-2011 after a Slight Dip in 2009 10
2.2 Global Power Market – Increasing Focus on Clean Technologies 10
2.3 Government Support will continue to Foster the Growth of Global Renewable Power Market 10
2.4 Global Solar Photovoltaic (PV) Market Will Sustain its Growth Momentum 11
2.5 Conventional Fuels Dominate the Power Portfolio 12
2.6 Renewable Share Expected to Increase in the Future 12
2.7 Incentives to Support the Growth of Solar Power Capacity 13
3 Introduction 14
3.1 Carbon Emissions, Global, 2001-2011 14
3.2 Primary Energy Consumption, Global, 2001-2025 16
3.3 Report Guidance 17
4 Renewable Power Market, Global, 2001-2025 19
4.1 Renewable Power Market, Global, Overview 19
4.2 Renewable Power Market, Global, Cumulative Installed Capacity, MW, 2001-2025 20
4.3 Renewable Power Market, Global, Power Generation, GWh, 2001-2025 22
4.4 Renewable Power Market, Global, Cumulative Installed Capacity Split by Source Type, %, 2011 24
4.5 Renewable Power Market, Global, Net Capacity Additions by Source Type, MW, 2011-2025 25
4.6 Renewable Power Market, Global, Comparison among Power Sources 26
5 Solar PV Market, Global, 2001-2025 27
5.1 Solar PV Market, Global, Overview 27
5.2 Solar PV Market, Global, Installed Capacity, MW, 2001-2025 28
5.3 Solar PV Market, Global, Power Generation, GWh, 2001-2025 29
5.4 Solar PV Market, Global, Cumulative Installed Capacity Growth by Region, MW, 2011-2025 31
5.5 Solar PV Market, Global, Cumulative Installed Capacity Split by Country, %, 2011 32
5.6 Solar PV Market, Global, Net Capacity Additions in Major Countries, MW, 2011-2025 33
5.7 Solar PV Market, Global, Comparison between Key Countries 34
5.8 Solar PV Market, Global, Investment Trends, $m, 2012-2025 35
5.9 Solar PV Market, Global, Cost Analysis 36
5.9.1 Solar PV Market, Global, Cost Break-up of a Grid Connected PV System, 2011 36
5.9.2 Solar PV Market, Global, Cost Break-up of an Off-grid PV System, 2011 37
5.10 Solar PV Market, Global, LCOE in Major Countries, $/kWh, 2011 38
5.11 Solar PV Market, Global, Trade Flow Analysis of PV Modules 39
5.12 Solar PV Market, Global, Major Debt Providers, 2011 41
6 Power Market, Thailand, 2001-2025 42
6.1 Power Market, Thailand, Overview 42
6.2 Power Market, Thailand, Cumulative Installed Capacity, MW, 2001-2025 42
6.3 Power Market, Thailand, Cumulative Installed Capacity by Fuel Type, MW, 2001-2025 43
6.4 Power Market, Thailand, Power Generation by Fuel Type, GWh, 2001-2025 45
6.5 Power Market, Thailand, Net Capacity Additions by Source Type, MW, 2011-2025 47
6.6 Power Market, Thailand, Comparison of Fuel Types, 2011 48
7 Renewable Power Market, Thailand, 2001-2025 49
7.1 Renewable Power Market, Thailand, Overview 49
7.2 Renewable Power Market, Thailand, Cumulative Installed Capacity, MW, 2001–2025 49
7.3 Renewable Power Market, Thailand, Cumulative Installed Capacity Split by Source Type, %, 2011 and 2025 50
7.4 Renewable Power Market, Thailand, Power Generation, GWh, 2001-2025 51
7.5 Renewable Power Market, Thailand, Net Capacity Additions by Source Type, MW, 2011-2025 53
7.6 Renewable Power Market, Thailand, Comparison of Renewable Power Sources 55
7.7 Renewable Power Market, Thailand, LCOE Comparison, $/kWh, 2011 56
8 Solar PV Market, Thailand, 2001-2025 57
8.1 Solar PV Market, Thailand, Overview 57
8.2 Solar PV Market, Thailand, Installed Capacity, MW, 2001-2025 58
8.3 Solar PV Market, Thailand, Power Generation, GWh, 2001-2025 60
8.4 Solar PV Market, Thailand, Investment Trends, 2011-2025 61
8.5 Solar PV Market, Thailand, Export and Import of Modules, 2006-2011 63
8.6 Solar PV Market, Thailand, Carbon Savings, Tons, 2001-2025 64
8.7 Solar PV Market, Thailand, Average Number of Homes Powered, 2001-2025 66
8.8 Solar PV Market, Thailand, LCOE, $/kWh, 2011-2025 67
9 Solar PV Market, Thailand, Deal Analysis 70
9.1 Solar PV Market, Thailand, Deal Value vs. Deal Volume, 2004–2011 70
9.2 Solar PV Market, Thailand, Split by Deal Type, %, 2011 70
9.3 Solar PV Market, Thailand, Asset Finance Deals, Thailand vs. Global, 2009–2011 71
9.4 Solar PV Market, Thailand, Asset Finance Deals, Comparison Among Various Renewable Energy Sources, 2011 72
10 Renewable Energy Policy Framework, Thailand 73
10.1 Renewable Energy Policy Framework, Thailand, Major Policies and Incentives 73
10.1.1 National Renewable Energies Development Plan 2008-2022 73
10.1.2 Tax Incentives through Board of Investment 85
10.1.3 Technical Assistance for Renewable Energy Projects 85
10.1.4 Investment Grants 86
10.1.5 Soft Loans - Revolving Fund 86
10.1.6 Energy Service Company Fund 86
10.1.7 Adder Feed-in Premiums 86
10.1.8 Energy Conservation Program 87
10.1.9 Small Power Producer and Very Small Power Producers Program 88
10.1.10 Strategic Plan for Renewable Energy Development 89
11 Solar PV Market, Thailand, Company Analysis 90
11.1 Company Snapshot: ABB Ltd. 90
11.1.1 ABB Ltd., Company Overview 90
11.1.2 ABB Ltd., Business Overview 90
11.1.3 ABB Ltd., Major Products and Services 93
11.1.4 ABB Ltd., Key Financial Performance 94
11.1.5 ABB Ltd., SWOT Analysis 95
11.1.6 ABB Ltd., Locations and Subsidiaries 102
11.2 Company Snapshot: CBD Energy Limited 105
11.2.1 CBD Energy Limited, Company Overview 105
11.2.2 CBD Energy Limited, Business Overview 105
1.1.1. CBD Energy Limited, Major Products and Services 107
1.1.2. CBD Energy Limited, Key Financial Performance 108
11.2.3 CBD Energy Limited, SWOT Analysis 108
11.2.4 CBD Energy Limited, Locations and Subsidiaries 114
11.3 Company Snapshot: Conergy AG 115
11.3.1 Conergy AG, Company Overview 115
11.3.2 Conergy AG, Business Overview 115
11.3.3 Conergy AG, Major Products and Services 116
11.3.4 Conergy AG, SWOT Analysis 117
11.3.5 Conergy AG, Locations and Subsidiaries 121
12 Appendix 123
12.1 Abbreviations 123
12.2 Market Definitions 123
12.3 Methodology 124
12.3.1 Secondary Research 124
12.3.2 Primary Research 125
12.3.3 Modeling and Forecasting 125
12.3.4 Market Estimates and Assumptions 125
12.3.5 Contact Us 126
12.3.6 Disclaimer 126
1.1 List of Tables
Table 1: Carbon Emissions, Global, MMT, 2001-2011 15
Table 2: Primary Energy Consumption, Global, Mtoe, 2001-2025 17
Table 3: Renewable Power Market, Global, Cumulative Installed Capacity by Fuel Type, MW, 2001–2025 21
Table 4: Renewable Power Market, Global, Power Generation by Fuel Type, GWh, 2001–2025 23
Table 5: Renewable Power Market, Global, Cumulative Installed Capacity Split by Source Type, %, 2001–2025 24
Table 6: Renewable Power Market, Global, Net Capacity Additions by Source Type, MW, 2011–2025 25
Table 7: Renewable Power Market, Global, Comparison among Power Sources 26
Table 8: Solar PV Market, Global, Installed Capacity, MW, 2001–2025 29
Table 9: Solar PV Market, Global, Power Generation, GWh, 2001–2025 30
Table 10: Solar PV Market, Global, Cumulative Installed Capacity Split by Country, %, 2011 32
Table 11: Solar PV Market, Global, Net Capacity Additions in Major Countries, MW, 2011–2025 33
Table 12: Solar PV Market, Global, New Investment, $m, 2012-2025 35
Table 13: Solar PV Market, Global, Cost Break-up of a Grid Connected PV System, %, 2011 36
Table 14: Solar PV Market, Global, Cost Break-up of an Off-grid PV System, %, 2011 37
Table 15: Solar PV Market, Global, LCOE in Major Countries, $/kWh, 2011 38
Table 16: Solar PV Market, Global, Import and Export of Modules, $m, 2007–2011 39
Table 17: Power Market, Thailand, Cumulative Installed Capacity, MW, 2001–2025 43
Table 18: Power Market, Thailand, Cumulative Installed Capacity by Fuel Type, MW, 2001–2025 44
Table 19: Power Market, Thailand, Power Generation by Fuel Type, GWh, 2001–2025 46
Table 20: Power Market, Thailand, Net Capacity Additions by Source Type, MW, 2011–2025 47
Table 21: Power Market, Thailand, Comparison Between Power Sources, 2011–2025 48
Table 22: Renewable Power Market, Thailand, Cumulative Installed Capacity, MW, 2001–2025 50
Table 23: Renewable Power Market, Thailand, Cumulative Installed Capacity Split by Source Type, %, 2011 and 2025 51
Table 24: Renewable Power Market, Thailand, Power Generation by Source Type, GWh, 2001–2025 52
Table 25: Renewable Power Market, Thailand, Net Capacity Additions by Source Type, MW, 2011–2025 54
Table 26: Renewable Power Market, Thailand, Comparison of Renewable Power Sources, 2011 55
Table 27: Solar PV Market, Thailand, Installed Capacity, MW, 2001-2025 59
Table 28: Solar PV Market, Thailand, Power Generation, GWh, 2001-2025 61
Table 29: Solar PV Market, Thailand, Investment Trends, 2011-2025 62
Table 30: Solar PV Market, Thailand, Export and Import of Modules , $m, 2006-2011 63
Table 31: Solar PV Market, Thailand, Carbon Savings, ‘000 Tons, 2001-2025 65
Table 32: Solar PV Market, Thailand, Homes Powered, ‘000, 2001-2025 67
Table 33: Solar PV Market, Thailand, Assumptions for LCOE Calculation 68
Table 34: Solar PV Market, Thailand, LCOE, $/kWh, 2011-2025 69
Table 35: Solar PV Market, Thailand, Deal Value Vs. Deal Volume, 2004–2011 70
Table 36: Solar PV Market, Thailand, Split by Deal Type, %, 2011 71
Table 37: Solar PV Market, Thailand, Asset Finance Deals, Thailand vs. Global, 2009–2011 71
Table 38: Solar PV Market, Thailand, Asset Finance Deals, Comparison Among Various Renewable Energy Sources, 2011 72
Table 39: Renewable Energy Development Plan, Thailand, Interim Targets by Phase, 2008-2022 75
Table 40: Renewable Energy Development Plan, Thailand, Contribution of Renewable Energy and Natural Gas Vehicles to Total Consumption, ktoe, 2011-2022 76
Table 41: Renewable Energy Development Plan, Thailand, Contribution of Renewable Energy and Natural Gas Vehicles (NGV) to Total Consumption, ktoe, 2011-2022 77
Table 42: Renewable Energy Development Plan, Thailand, Target for Renewable Energy by Source Type, ktoe, 2011-2022 78
Table 43: Renewable Energy Development Plan, Thailand, Target for Renewable Heat by Source Type, ktoe, 2011-2022 79
Table 44: Renewable Energy Development Plan, Thailand, Target for Renewable Power by Source Type, MW, 2011-2022 80
Table 45: Renewable Energy Development Plan, Thailand, Target for Biofuels, ml/day, 2011-2022 81
Table 46: Renewable Energy Development Plan, Thailand, Contribution by Alternative Sources to the Total Target, %, 2022 82
Table 47: Renewable Energy Development Plan, Thailand, Promotion Measures by Phase, 2008-2022 84
Table 48: Adder Feed-in Premiums, Thailand, Premium for Renewable Energy Technologies, THB/kWh, 2011 87
Table 49: ABB Ltd., Major Products and Services 93
Table 50: ABB Ltd., SWOT Analysis 95
Table 51: ABB Ltd., Other Locations and Subsidiaries 102
Table 52: CBD Energy Limited, Major Products and Services 107
Table 53: CBD Energy Limited, SWOT Analysis 109
Table 54: CBD Energy Limited, Other Locations and Subsidiaries 114
Table 55: Conergy AG, Major Products and Services 116
Table 56: Conergy AG, SWOT Analysis 117
Table 57: Conergy AG, Other Locations and Subsidiaries 121
Table 58: Abbreviations 123
Table 59: LCOE Calculation, Discount Rates by Technology 125
1.2 List of Figures
Figure 1: Solar PV Market, Global, Cumulative Installed Capacity, MW, 2001-2025 12
Figure 2: Power Market, Thailand, Comparison Between Power Sources, 2011–2025 13
Figure 3: Carbon Emissions, Global, MMT, 2001-2011 15
Figure 4: Primary Energy Consumption, Global, Mtoe, 2001-2025 16
Figure 5: Renewable Power Market, Global, Cumulative Installed Capacity by Fuel Type MW, 2001–2025 20
Figure 6: Renewable Power Market, Global, Power Generation by Fuel Type, GWh, 2001–2025 22
Figure 7: Renewable Power Market, Global, Cumulative Installed Capacity Split by Source Type, %, 2001–2025 24
Figure 8: Renewable Power Market, Global, Net Capacity Additions by Source Type, MW, 2011–2025 25
Figure 9: Renewable Power Market, Global, Comparison among Power Sources 26
Figure 10: Solar PV Market, Global, Installed Capacity, MW, 2001–2025 28
Figure 11: Solar PV Market, Global, Power Generation, GWh, 2001–2025 30
Figure 12: Solar PV Market, Global, Cumulative Installed Capacity Growth by Region, MW, 2011-2025 31
Figure 13: Solar PV Market, Global, Cumulative Installed Capacity Split by Country, %, 2011 32
Figure 14: Solar PV Market, Global, Net Capacity Additions in Major Countries, MW, 2011–2025 33
Figure 15: Solar PV Market, Global, Comparison Between Key Countries 34
Figure 16: Solar PV Market, Global, New Investment, $m, 2012-2025 35
Figure 17: Solar PV Market, Global, Cost Break-up of a Grid Connected PV System, %, 2011 36
Figure 18: Solar PV Market, Global, Cost Break-up of an Off-grid PV System, %, 2011 37
Figure 19: Solar PV Market, Global, LCOE in Major Countries, $/kWh, 2011 38
Figure 20: Solar PV Market, Global, Import and Export of Modules, $m, 2007–2011 39
Figure 21: Solar PV Market, Global, Trade Flow of Modules, 2011 40
Figure 22: Solar PV Market, Global, Major Debt Providers, 2011 41
Figure 23: Power Market, Thailand, Cumulative Installed Capacity, MW, 2001–2025 42
Figure 24: Power Market, Thailand, Cumulative Installed Capacity by Fuel Type, MW, 2001–2025 44
Figure 25: Power Market, Thailand, Power Generation by Fuel Type, GWh, 2001–2025 45
Figure 26: Power Market, Thailand, Net Capacity Additions by Source Type, MW, 2011–2025 47
Figure 27: Power Market, Thailand, Comparison Between Power Sources, 2011–2025 48
Figure 28: Renewable Power Market, Thailand, Cumulative Installed Capacity, MW, 2001–2025 49
Figure 29: Renewable Power Market, Thailand, Cumulative Installed Capacity Split by Source Type, MW, 2011 and 2025 51
Figure 30: Renewable Power Market, Thailand, Power Generation by Source Type, GWh, 2001–2025 52
Figure 31: Renewable Power Market, Thailand, Net Capacity Additions by Source Type, MW, 2011–2025 54
Figure 32: Renewable Power Market, Thailand, Comparison of Renewable Power Sources, 2011 55
Figure 33: Renewable Power Market, Thailand, LCOE Comparison, $/kWh, 2011 56
Figure 34: Solar PV Market, Thailand, Installed Capacity, MW, 2001-2025 58
Figure 35: Solar PV Market, Thailand, Power Generation, GWh, 2001-2025 60
Figure 36: Solar PV Market, Thailand, Investment Trends, 2011-2025 62
Figure 37: Solar PV Market, Thailand, Export and Import of Modules , $m, 2006-2011 63
Figure 38: Solar PV Market, Thailand, Carbon Savings, ‘000 Tons, 2001-2025 64
Figure 39: Solar PV Market, Thailand, Homes Powered, ‘000, 2001-2025 66
Figure 40: Solar PV Market, Thailand, LCOE , $/kWh, 2011-2025 68
Figure 41: Solar PV Market, Thailand, Deal Value Vs. Deal Volume, 2004–2011 70
Figure 42: Solar PV Market, Thailand, Asset Finance Deals, Thailand vs. Global, 2009–2011 71
Figure 43: Solar PV Market, Thailand, Asset Finance Deals, Comparison Among Various Renewable Energy Sources, 2011 72
Figure 44: Renewable Energy Development Plan, Thailand, Contribution of Alternative Energy Sources to Total Consumption, ktoe, 2011-2022 76
Figure 45: Renewable Energy Development Plan, Thailand, Contribution of Renewable Energy and Natural Gas Vehicles (NGV) to Total Consumption, ktoe, 2011-2022 77
Figure 46: Renewable Energy Development Plan, Thailand, Target for Renewable Energy by Source Type, ktoe, 2011-2022 78
Figure 47: Renewable Energy Development Plan, Thailand, Target for Renewable Heat by Source Type, ktoe, 2011-2022 79
Figure 48: Renewable Energy Development Plan, Thailand, Target for Renewable Power by Source Type, MW, 2011-2022 80
Figure 49: Renewable Energy Development Plan, Thailand, Target for Biofuels, ml / day, 2011-2022 81
Figure 50: Renewable Energy Development Plan, Thailand, Contribution by Alternative Sources to the Total Target, %, 2022 82
Figure 51: Solar PV Market, Thailand, Presence of Companies Across Wind Value Chain 90
Figure 52: ABB Ltd., Key Financial Performance 94
Figure 53: CBD Energy Limited, Key Financial Performance 108