Update: November 2012
Taiwan has further decreased its feed-in tariffs for 2013 by between 9.23% and 11.88%, while simultaneously increasing its solar power capacity target by 30%.
The subsidy alongside the feed-in tariff in Taiwan amounts to US$1,732.89/kWp for up to 10 kWp.NT$ 50,000/kWp up to
Taiwan's Government has passed a bill on renewable energy that is expected to attract NT$30 billion (US$937m) worth of investment. Parliament approved the measure on 13 June 2009.
The measure is aimed at adding between 6,500 and 10,000MW of installed energy from renewable to Taiwan's current 2,287MW (5.8%) over the next 20 years.
Before the renewable energy bill was passed, providers were obligated to sell electricity to state-run Taiwan Power at NT$2/kWh, compared with the NT$8 the government recommended. The Taiwan FiT has now been set (2010) and can be seen in the table above.
Currently, Taiwan has only 2,278MW, or 5.8% of installed capacity, from renewable sources, according to the state-run Taiwan Power Co.
The bill is part of the government's plan to reduce CO2 emissions to 2000 levels by 2025. The government now plans to offer incentives and loosen regulations on renewable energy providers, in addition to creating a pricing mechanism for various sources of solar or wind energy.
The Taiwanese Government cut the feed-in tariff rate available to solar energy generators due to the falling cost of installation equipment at beginning of 2011.
State-run Taiwan Power will now pay NT$7.33 (US$0.2482) per kilowatt-hour for power generated from ground solar panels, compared with NT$11.12 (US$0.3766) for 2010, the Ministry of Economic Affairs said in a statement on January 28th. The 2011 price for roof-top solar power is as high as NT$10.32 (US$0.3493).
Feed-in tariffs are at least NT$11.12/kWh (US$0.3765) for PV solar panels installed in 2010, the Bureau of Energy said in a statement on its website in December 2009. Taiwan’s government strategically set the FiT for electricity generated by solar panels at higher levels than for those for power from fossil fuels in a bid to spur production of renewable energy. The average cost of energy generated by fossil fuels such as coal and oil is NT$2.06/kWh (US$0.0698). President Ma Ying-jeou, who took office in May 2008, has pledged to cut emissions to 2000 levels by 2025. Lawmakers approved the island’s Renewable Energy Development Act in 2009.
