Sep 25 (Renewables Now) - The government of Taiwan last week released preliminary rates for renewable energy feed-in-tariffs (FiTs) for 2018, including steep reductions for the rooftop solar segment.
The figures were released by the Bureau of Energy (BOE) on Thursday. Before finalising the rates, the agency will hold a hearing at the start of November for further discussion of the planned tariffs.
According to the proposed scheme, the highest FiT rates will be awarded for offshore wind projects, while some of the lowest will be for certain biomass projects. Solar FiTs will be reduced twice for the year.
The following table presents more detailed information about the planned revisions for solar PV in 2018.
|Period||Solar system type||Capacity (kW)||2018 FiT rate (TWD/kWh)||2017 FiT rate (TWD/kWh)||Difference (%)|
The BOE noted that it plans to continue its policy of providing a 6%-bonus to projects using high-efficiency PV modules and offer incentives for installing solar power capacity in the country’s northern regions.
Taiwan has set a goal of having 20 GW of solar power capacity by 2025 as part of an overall renewables objective of 28 GW.