Taiwan’s Ministry of Financial Affairs (MoEA) has revealed that the feed-in tariffs FITs for PV installations that went into pressure within the first half of this yr will stay unchanged till the top of December.
The federal government had initially deliberate to cut back the tariffs from July. Residential installations ranging in capability from 1 kW to 10 kW are presently awarded tariffs of as much as TWD 5.8952 ($0.20)/kWh, however that was anticipated to drop to TWD 5.7848.
The MoEA mentioned the choice was pushed by excessive uncooked materials costs, which might have prevented extra renewable vitality deployment. It has additionally determined to grant a bonus starting from TWD 0.0538/kWh to TWD 0.1075/kWh for large-scale photo voltaic initiatives that attain completion 21 months sooner than scheduled.
As well as, the Taiwanese authorities has revealed that the nation reached a cumulative put in photo voltaic capability of round 7.7 GW on the finish of 2021, with new additions reaching 1.9 GW. The authorities purpose to put in 20 GW of photo voltaic by 2025, with 3 GW of rooftop PV and 17 GW of ground-mounted capability.