Algeria Is Aiming High With New FiT For Large-Scale Solar PV

Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!

The North African nation of Algeria is aiming high with regards to solar energy development, as its recent launch of an impressive feed-in tariff (FiT) program for large-scale PV power plants shows.

The new program — which will offer two separate FiT rates, one for projects 1–5 MW in size, and one for projects over 5 MW in size — is intended to help the country reach its goal of installing 800 MW of solar capacity by the year 2020, and 22,000 MW of renewable energy capacity by 2030.

Algeria

The projects between 1–5 MW will receive FiT rates of US$0.20/kWh for generation between 1,500–1,574kWh per year, for the first five years. After the first five years, rates will depend on power output — projects with generation above the 1,500–1,574kWh per year will receive less, projects with generation below will receive more.

Projects over 5 MW in size will be treated similarly. They’ll receive $0.16/kWh for generation between 1,500–1,574kWh per year for the first five years — after that, the rates will be higher or lower based on the specific projects power output.

As far as which developers may be interested in taking advantage of the new FiT program, Yingli Solar is a good bet. The company has previously expressed its interest in North Africa.

And, of course, the company already has a number of projects bring developed in the country — just a few months ago, in December, we reported on the winning of 233 MW worth of projects in the country by a consortium including Yingli.

Keep up with all the hottest solar power news here on CleanTechnica, or even subscribe to our free solar power newsletter.

Image Credit: Algeria via Flickr CC


Have a tip for CleanTechnica? Want to advertise? Want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Latest CleanTechnica.TV Videos

Advertisement
 
CleanTechnica uses affiliate links. See our policy here.

CleanTechnica's Comment Policy


James Ayre

James Ayre's background is predominantly in geopolitics and history, but he has an obsessive interest in pretty much everything. After an early life spent in the Imperial Free City of Dortmund, James followed the river Ruhr to Cofbuokheim, where he attended the University of Astnide. And where he also briefly considered entering the coal mining business. He currently writes for a living, on a broad variety of subjects, ranging from science, to politics, to military history, to renewable energy.

James Ayre has 4830 posts and counting. See all posts by James Ayre