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.
During an evaluation meeting, hosted by MOEA vice minister Jong-Chin Shen, the ministry noted the trend of price changes in PV modules internationally this year. However, it said the tariff adjustment would not follow the percentage of decline in international module costs and instead it decided to increase the FiT by 5.6% from the figure previously announced.
Try Premium for just $1
- Full premium access for the first month at only $1
- Converts to an annual rate after 30 days unless cancelled
- Cancel anytime during the trial period
Premium Benefits
- Expert industry analysis and interviews
- Digital access to PV Tech Power journal
- Exclusive event discounts
Or get the full Premium subscription right away
Or continue reading this article for free
Furthermore, in order to encourage PV installations in northern Taiwan, the ministery said it would increase its markup of the FiT in this region to 12.5% and Miaoli county in the north west will be included in this higher FiT increase.
The ministry is expecting Taiwan's PV capacity to increase from 620MW in 2014 to 1.1GW this year, 3.6GW in 2020 and then up to 8.7GW by 2030.
