1 Table of Contents 1 Table of Contents 4 1.1 List of Tables 13 1.2 List of Figures 14 2 Introduction 15 2.1 Renewable Energy Policy 15 2.2 GlobalData Report Guidance 15 3 Renewable Energy Policy, Australia 16 3.1 Overview 16 3.2 Renewable Energy Policy Framework 17 3.2.1 Renewable Energy Target Scheme 17 3.2.2 Renewable Energy and Energy Efficiency Partnership 23 3.2.3 Renewable Energy Demonstration Program 23 3.2.4 Clean Energy Initiative 23 3.2.5 Renewable Energy Venture Capital Fund 24 3.2.6 Climate Change Grant Program 25 3.2.7 Carbon Pricing Mechanism 25 3.2.8 Clean Energy Finance Corporation 25 3.3 Financial Incentives and Policy Support for Solar Power, Australia, Federal Incentives 25 3.3.1 Solar Cities Program 26 3.3.2 Collaboration on Building Solar Future 26 3.4 Financial Incentives and Policy Support for Wind, Australia, Federal Incentives 27 3.4.1 National Code for Wind Farm Construction 27 3.4.2 Mechanisms Supporting Grid-Connected Wind Power 27 3.5 Financial Incentives and Policy Support for Geothermal, Australia, Federal Incentives 28 3.5.1 Geothermal Drilling Program 28 3.6 Financial Incentives and Policy Support for Energy Efficiency, Australia, Federal Incentives 29 3.6.1 Energy Savings Initiative 29 3.6.2 Tax Breaks for Green Buildings 29 3.7 Renewable Energy Policy Framework, Australia, State Level Policies and Incentives 29 3.7.1 South Australia 29 3.7.2 New South Wales 31 3.7.3 Victoria 31 3.7.4 Tasmania 32 3.7.5 Queensland 33 3.7.6 Australian Capital Territory 33 3.7.7 Western Australia 33 4 Renewable Energy Policy, China 34 4.1 Overview 34 4.2 Renewable Energy Law 35 4.2.1 Renewable Energy Targets 36 4.2.2 Feed-in Tariff 37 4.2.3 Taxation Measures 37 4.2.4 Grid Access 38 4.2.5 Interconnection Standards 38 4.2.6 Special Fund for Renewable Energy Development 38 4.2.7 Renewable Energy Law Amendments 38 4.3 International Science and Technology Co-operation Program for New and Renewable Energy 39 4.4 Shandong Province Village Renewable Energy Regulations 39 4.5 The 12th Five-Year Plan 40 4.6 New Carbon Intensity Target 40 4.7 China to Join International Renewable Energy Agency 40 4.8 Renewable Energy Tariff Surcharge Grant Funds Management Approach 40 4.9 Renewable Electricity Bonus 41 4.10 Carbon Tax and Carbon Pricing 41 4.11 Financial Incentives and Policy Support for Solar Power, China 41 4.11.1 Golden Sun Program 42 4.11.2 Building Integrated PV Subsidy Program 43 4.11.3 Feed-in Tariff for Solar Projects 44 4.11.4 Distributed PV Power Generation Project 44 4.11.5 Notice of the National Energy Administration and China Development Bank on Supporting the Financial Services to the Distributed Solar PV Power Generation 45 4.11.6 Notice on Effect of Price Leverage to Promote Healthy Development of PV Industry 45 4.11.7 Subsidies for Solar PV in Rural Areas 45 4.11.8 Research and Development Support for Solar PV 46 4.11.9 Shandong Province Energy Fund 47 4.11.10 Shandong Provinces Sunshine Plan 47 4.12 Financial Incentives and Policy Support for Wind, China 47 4.12.1 Feed-in Tariffs for Wind Power 50 4.12.2 Low Interest Rate Loans 51 4.12.3 Value Added Tax and Import Tariff Rebate on Key Wind Turbine Components 51 4.12.4 Market Entry Standards for Wind Equipment Manufacturers 51 4.12.5 Interim Measure on the Management of Offshore Wind Farms 52 4.12.6 Offshore Wind Development Plan 52 4.12.7 Special Fund for the Industrialization of Wind Power Equipment 52 4.12.8 Notice on Integrating and Accommodating Wind Power 52 4.12.9 Hainan Province Plan for the Construction of Wind Farms 53 4.13 Financial Incentives and Policy Support for Hydropower, China 53 4.13.1 Preferential Value Added Tax for Small Hydropower 53 4.13.2 Rural Electrification Policies Favoring Small Hydro Installation 53 4.14 Financial Incentives and Policy Support for Bioenergy, China 53 4.14.1 Feed-in Tariffs for Biomass 53 4.14.2 Support for Biogas Projects 54 4.14.3 Financial Incentives for Ethanol 54 4.14.4 Non-food Biomass Feedstock Standardization Technical Committee 55 4.15 Financial Incentives and Policy Support for Energy Efficiency, China 55 4.15.1 Shandong Province Energy Fund 55 4.15.2 Energy Saving and New Energy Automotive Industry Development Plan 2012-2020 55 4.15.3 National Building Energy Standard 55 5 Renewable Energy Policy, India 57 5.1 Overview 57 5.2 Electricity Act of 2003 58 5.3 Renewable Energy Certificates 58 5.4 Support for Solar Power 59 5.4.1 Jawaharlal Nehru National Solar Mission 60 5.4.2 Net-metering 61 5.4.3 Uttar Pradesh Solar PV Feed-in Tariff 62 5.5 Support for Wind Power 62 5.5.1 Generation-Based Incentive for Grid Connected Wind Power Projects 63 5.5.2 Regulatory Incentives and State Government Policies 63 5.6 Support for Bio-power 64 5.6.1 Biomass Power and Bagasse Co-generation Program 64 5.6.2 Central Financial Assistance for Biomass Power Projects 64 5.6.3 Ethanol Production and Blending 66 5.6.4 National Biofuel Policy 66 5.6.5 National Biodiesel Mission 67 5.6.6 Regulatory Incentives for Bioenergy 67 5.7 Support for Small Hydropower 68 5.7.1 Small Hydropower Program 68 5.7.2 Financial Support to Private Sector, Joint Sector and Co-operative Society 68 5.7.3 Financial Support to State Government, Central Government and Public Sector Units 69 6 Renewable Energy Policy, Indonesia 70 6.1 Overview 70 6.2 Green Energy Policy 71 6.3 Small Distributed Power Generation Using Renewable Energy 71 6.4 Medium-Scale Power Generation Using Renewable Energy 71 6.5 Income Tax Reduction for Energy Development Projects 71 6.6 Electricity Purchase from Small- and Medium-Scale Renewable Energy 72 6.7 Clean Technology Fund 72 6.8 Ceiling Price for Geothermal 73 6.9 New Geothermal Law 74 6.10 Geothermal Fund 74 6.11 Power Purchase from Solar PV Plants 75 6.12 Feed-in Tariffs for Biomass 75 7 Renewable Energy Policy, Japan 76 7.1 Overview 76 7.2 Japan Renewable Energy Policy Platform 76 7.3 Feed-in Tariffs for Renewable Energy 77 7.4 Research and Development for Wind Power Technology 79 7.5 Promotion of Geothermal Power 79 7.6 Biofuel Targets 79 7.7 Green Investment Tax Credit 80 7.8 Strategic Energy Plan 80 7.9 Long-Term Energy Supply and Demand Outlook 80 7.10 Establishment of New Energy Development Organization 80 8 Renewable Energy Policy, Kazakhstan 82 8.1 Overview 82 8.2 Law on Electricity 83 8.3 Law on the Use of Renewable Energy Sources 83 8.4 Long-Term Development Strategy for the Period up to 2025 84 8.5 Long-Term Strategy for Renewable Energy Development 84 8.6 Law on Energy Saving and Energy Efficiency 85 8.7 Renewable Energy Targets and Tariffs 85 9 Renewable Energy Policy, Malaysia 86 9.1 Overview 86 9.2 Renewable Energy Act 2011 86 9.3 National Renewable Energy Policy and Action Plan 87 9.4 Sustainable Energy Development Authority (SEDA) Act 2011 87 9.5 Green Technology Development 88 9.6 Small Renewable Energy Program 88 9.7 Energy Efficiency 88 10 Renewable Energy Policy, New Zealand 90 10.1 Overview 90 10.2 New Zealand Energy Strategy 90 10.3 New Zealand Energy Efficiency and Conservation Strategy 91 10.3.1 Energy in Business 92 10.3.2 Efficient and Renewable Electricity System 92 10.4 Climate Change and Sustainability Agenda 92 10.5 National Policy Statement for Renewable Electricity Generation 93 10.6 Emissions Trading Scheme 93 10.7 Solar and Heat Pump Water Heating 94 10.8 Installations Grants for Public Buildings 94 10.9 Commercial Project Grants 94 10.10 Resource Management Act 1991 95 10.11 Bioenergy Initiative 95 10.12 Crown Loans Programme 95 11 Renewable Energy Policy, Pakistan 96 11.1 Overview 96 11.2 Power Sector Reforms 96 11.3 National Power Policy, 2013 97 11.3.1 Power Sector Crisis 98 11.4 Renewable Energy Objectives 99 11.5 Solar PV Feed-in Tariffs 100 12 Renewable Energy Policy, Philippines 101 12.1 Overview 101 12.2 Power Sector Reforms and Privatization 101 12.3 National Renewable Energy Program 102 12.4 Energy Plan 2012-2030 102 12.5 Other Renewable Energy and Energy Efficiency Policies 103 12.6 Feed-in Tariffs 104 13 Renewable Energy Policy, Republic of Korea 105 13.1 Overview 105 13.2 Green Growth Policy 106 13.3 Subsidy Program (Renewable Energy Demonstration and Deployment) 107 13.4 Research Funding for the Development of Renewable Energy Sources 107 13.5 Renewable Energy and Energy Efficiency Partnership 108 13.6 The Promotional Law of New and Renewable Energy Development, Use and Dissemination 108 13.7 Second and Third Basic Plan for New Renewable Energy Technology Development, Use and Deployment 108 13.8 Certification for New and Renewable Energy Facilities 109 13.9 Tax Audit Exemption 109 13.10 Second Energy Master Plan 2014-2035 110 13.11 Home Subsidy Program 110 13.12 Renewable Portfolio Standards 111 13.13 Mandatory Use for Public Buildings 111 13.14 Methane to Markets Partnership 112 13.15 Memorandum of Understanding between Korean Wind Energy Association and RenewableUK 112 13.16 SeaRoc and CDS Wind Sign Offshore Wind Joint Agreement 112 13.17 US Department of Energy and South Korea Announce New Clean Energy Partnership 113 13.18 South Korea and Cameroon Considering Development of Renewable Capacity 113 14 Renewable Energy Policy, Singapore 114 14.1 Overview 114 14.2 Electricity Act 114 14.2.1 Electricity Licenses 115 14.3 Energy Policy 115 14.4 Renewable Energy in Singapore 116 15 Renewable Energy Policy, Taiwan 117 15.1 Overview 117 15.2 Power Sector Policies 118 15.2.1 The Electricity Act 118 15.2.2 The Petroleum Administration Act 118 15.3 Renewable Energy Development Act 119 15.4 Renewable Energy Targets 120 15.5 Renewable Energy Incentives 120 15.6 New Offshore Wind Power Development Incentive Program 121 15.7 Taiwan Smart Grid Deployment Project 122 15.8 Greenhouse Gas Management and Reduction Act 123 16 Renewable Energy Policy, Thailand 124 16.1 Overview 124 16.2 Power Development Plan 2015 125 16.3 Alternative Energy Development Plan 2015-2036 127 16.4 Feed-in-Tariffs for Wind, Hydropower, and Biopower 128 16.5 Solar Power Feed-in-Tariffs 129 16.6 Energy Efficiency Development Plan, 2015-2036 130 16.7 Tax Incentives through Board of Investment 130 16.8 Technical Assistance for Renewable Energy Projects 131 16.9 Investment Grants 131 16.10 Soft Loans - Revolving Fund 132 16.11 Energy Service Company Fund 132 16.12 Energy Conservation Program 132 17 Renewable Energy Policy, Vietnam 134 17.1 Overview 134 17.2 Introduction of Competition in Power Market 135 17.3 Power Master Plan VII 135 17.4 Energy Efficiency 136 17.5 Rural Electrification 137 17.6 Renewable Energy Development 137 18 Appendix 139 18.1 Abbreviations 139 18.2 Bibliography 142 18.3 Coverage 147 18.4 Methodology 147 18.5 Disclaimer 148

1.1 List of Tables Table 1: New Large-scale Renewable Energy Target, Annual Targets, Australia (TWh), 2015-2030 22 Table 2: Renewable Energy Law, China, Major Regulations, 2005-2006 36 Table 3: Renewable Energy Policy, China, Renewable Energy Targets (GW) , 2017 and 2020 37 Table 4: Solar PV Market, China, Feed-in Tariffs in Major Provinces, 2015 44 Table 5: Wind Power Market, China, List of Major Policies, 2015 48 Table 6: Renewable Energy Certificate Volume, India, 2014-2015 59 Table 7: National Solar Mission, India, Phase Wise Targets, 2010-2022 61 Table 8: Solar PV Net-metering Tariffs, India, 2016 62 Table 9: State-level Feed-in Tariffs for Wind Power Plants, India, 2016 64 Table 10: Central Financial Assistance for Biomass Power Project and Bagasse Co-generation Projects by Sugar Mill Type, Inida, 2015 65 Table 11: Central Financial Assistance for Bagasse Co-generation Project in Existing Co-operative Sector Sugar Mills Employing Boiler Modifications, India, 2015 65 Table 12: Financial Support for Biofuel, India, 2015 67 Table 13: State-level Feed-in Tariffs for Bioenergy-Based Power Plants, 2016 68 Table 14: Support for Hydropower in Private Sector, Joint Sector and Co-operative Societies, India, 2015 69 Table 15: Support for Hydropower in State Government, Central Government and Public Sector Units, India, 2015 69 Table 16: Ceiling Tariffs, Indonesia, 2015-2025 72 Table 17: Ceiling Tariffs, Indonesia, 2015-2025 73 Table 18: Renewable Energy Feed-in Tariffs, Japan, 2015 78 Table 19: Renewable Energy Feed in Tariffs, Kazakhstan, 2015 85 Table 20: Renewable Energy Targets, Malaysia, 2015-2030 87 Table 21: Solar PV Feed-in-Tariffs ($/kWh), Pakistan, 2015 100 Table 22: Renewable Energy Feed-in Tariffs, Philippines, 2013-2015 104 Table 23: Renewable Energy, South Korea, Target for New and Renewable Energies (%) 110 Table 24: Renewable Portfolio Standards, South Korea, Targets (%), 2012-2020 111 Table 25: Installed Renewable Capacity Targets by Energy Source (MW), Taiwan, 2015 120 Table 26: Feed-in Tariffs by Individual Energy Sources ($/kWh), Taiwan, 2015 121 Table 27: Smart Grid Master Plan, Taiwan, 2012-2030 123 Table 28: Estimated Contributions by Various Energy Sources to the Capacity Mix (%), Thailand, 2014 and 2036 127 Table 29: Feed-in Tariffs ($/kWh), Thailand, 2015-2036 129 Table 30: Solar Power Feed-in Tariffs ($/kWh), Thailand, 2015-2036 130 Table 31: Abbreviations 139 1.2 List of Figures Figure 1: Small-scale Renewable Energy Scheme, Process Diagram, Australia, 2015 20 Figure 2: Large-scale Renewable Energy Target, Process Diagram, Australia, 2015 21 Figure 3: New Large-scale Renewable Energy Target, Annual Targets, Australia (TWh), 2015-2030 22 Figure 4: Renewable Power Market, South Korea, Policy Impact on Applicable Renewable Power Sources 106