The Taiwanese Ministry of Economic Affairs (MOEA) today announced a 9.09% increase to FIT rates originally proposed in September for rooftop solar installations up 20 kW, in a bid to encourage further public participation in its Green Energy Roofs project.
Taiwan FIT
In order to accelerate geothermal development, the Ministry of Economic Affairs has increased the feed-in tariff to NT$6.1710 ($0.206/ kWh) from the proposed NT$5.6447 ($0.188/ kWh) for the first 10 years of the installations’ subsidiary period, it said, adding that the new tariff aims to help operators reduce their initial risk.
Taiwan has set its tentative renewable energy feed-in-tariffs lowering it for all technologies apart from geothermal, which was increased by 5% to TWD 5.1956/ kWh, about USD 0.17224/ kWh.
MOEA credits the passage of the nation’s feed-in tariff under the Renewable Energy Development Act with this growth, noting that installed PV levels in the Southern Region have increased more than 100-fold since 2008. Feed-in tariff levels are currently at US$ 0.15-0.22 per kilowatt-hour.
Taiwan’s Ministry of Economic Affairs (MOEA) is increasing the amount of solar PV capacity available under its feed-in tariff (FiT) programme for 2016 from 270MW to 500MW.
Taiwan-based makers of solar wafers and cells have been planning to compete for EPC (engineering, procurement & construction) solar PV system projects for improving their business operations, but the annual feed-in tariff (FIT) quota of 100MW in Taiwan is too small market demand to offer sufficient opportunities for them to negotiate cooperation with banks for project financing, according to industry sources in Taiwan. . .
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