Published on December 4th, 2012 | by James Ayre0
Taiwan Increases Solar Energy Capacity Target By 30% (To 130 MW), While Further Decreasing Its Feed-In Tariffs
The Bureau of Energy said that the cuts were in response to the continually decreasing costs of solar panel module manufacturing.
“The Bureau has set the tariffs for the first half of next year at NT$8.4 (US$0.2887) per kWh for rooftop solar energy a capacity below 10kW, NT$7.54 (US$0.2591) for between 10kW and 100kW, NT$7.12 (US$0.2447) for 100kW to 500kW, NT$6.33 (US$0.2175) for 500kW and above and NT$5.98 (US$0.2055) for ground-based installations,” PV-Tech writes.
“The new tariffs for the first half of next year are still higher than the average cost of NT$2.47 (US$0.0849) per kWh generated by Taipower, Taiwan Cogeneration Corp and independent power producers (IPPs) using fossil fuels such as coal and oil.”
According to the Senior Specialist at the bureau’s energy technology division, Tseng-tsai, the increased solar capacity target will lead to increased research and development by manufacturers. And it should also lead to new job opportunities in the related industries of engineering, architecture, and steel.
“[T]his could increase the total solar panel production value from NT$11.6 billion (US$399 million) this year to NT$13.2 billion next year,” Tseng said.
“We forecast renewable energy companies will make higher profits next year compared with this year and there will be more firms entering the market, while expressing the hope that the nation’s photovoltaic exports would increase by 10 percent a year.”