Taiwan's tentative feed-in Tariff (FiT) rates for solar in 2018. Credit: New Green Power Company
Taiwan has released tentative feed-in Tariff (FiT) rates for the renewable energy sector in 2018, with a reduction in solar FiT's as expected.
The Bureau of Energy (BOE) published the FiTs for solar PV, wind, biomass and other renewables on 20 September. However, they are not yet finalised and BOE will hold a hearing in early November for further discussion before finalization, according to Yu-Chun Tai from local renewables firm New Green Power Company (NGP).
The Bureau looks set to continue the policy of rewarding use of high-efficiency modules with a 6% bonus as well as incentivising setting up of PV in the northern region, where the population is denser, but this is all to be finalised.
FiT’s for solar are set to reduce in 2018, by as much as 11.77% in the large-scale rooftop sector, or as little as 1.82% in the smallest rooftop segment. FiTs will drop further in the second half of 2018 under the current setup.
Taiwan is targeting 20GW of PV by 2025.