Algeria Is Aiming High With New FiT For Large-Scale Solar PV
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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.
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.
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Image Credit: Algeria via Flickr CC
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