Asia-Pacific Regional Solar Market Dynamics 2017

by Benjamin Attia, Tom Heggarty, Rishab Shrestha, Prashant Khorana

An estimated 31GW of distributed solar and 233 GW of utility-scale solar will be added through 2021 in selected APAC markets. A decline in China, Australia and Japan in the five-year horizon will be mitigated to some extent by growth in India and other key markets in Southeast Asia as policy transitions have a mixed impact on the region.

Countries covered in the report include Australia, China, India, Indonesia, Japan, the Philippines and Thailand. The report includes analysis on solar market fundamentals, policy, wholesale market dynamics, and CAPEX and LCOE estimates.

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Benjamin Attia Analyst, Solar

Benjamin Attia is an Analyst with GTM Research’s Global Demand team, providing data analysis and forecasts, market research, and bespoke strategy consulting and advisory to key stakeholders in on-grid and off-grid solar markets in emerging economies in Southeast Asia, India, and Sub-Saharan Africa. He holds a Master of Energy & Environmental Policy and a B.S. in Economics and Energy & Environmental Policy from the University of Delaware.

Tom Heggarty Senior Analyst, Solar

Tom is a Senior Analyst for GTM Research covering global downstream PV markets. Prior to joining GTM in 2017, he worked for Wood Mackenzie for over 5 years; initially as an analyst producing research on electricity markets in Europe, the Middle East and Africa; and later as a Research Manager for Wood Mackenzie’s Energy Markets research product. In 2011, Tom graduated from the University of Edinburgh with a Master’s degree in Mathematics. He also spent a year studying at the Humboldt University in Berlin.

Rishab Shrestha Analyst, Solar

Rishab Shrestha is an Analyst for GTM Research primarily covering global downstream PV markets. Prior to joining GTM in 2018, he worked for MAKE Consulting researching on key global solar markets and solar supply chain.  He has experience working in clean tech start-ups and did his masters in Sustainable Energy Future from Imperial College, London.

Prashant Khorana Analyst, Renewables | MAKE Consulting

Prashant is a Renewable Energy Analyst at MAKE focused on developing analytical frameworks, models and forecasts for power generation technologies, with a key focus on wind and solar. He leverages financing experience in gas, solar and HVAC markets to provide technology and market forecasts, as well as analysis of asset owner strategies, global policies and project finance trends.

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