Taiwan has reached a cumulative put in PV capability of 12.418 MW by the top of December 2023, in accordance with new figures from MoEA.
Last yr, the island deployed about 2.7 GW of recent PV capability, after putting in about 2 GW in 2023 and 2022.
“Solar energy at the moment meets peak demand throughout the day for six hours, due to this fact, shifting the main focus of energy dispatch to managing the three-hour peak load at evening,” the MoEA mentioned in an announcement. “To meet the intermittency of photo voltaic and wind energy, quick-response hydroelectric models and gas-fired models are important for strengthening the inexperienced vitality system.”
Taiwan’s feed-in tariff scheme primarily drives the nation’s PV market.
In 2023, residential installations with a capability from 1 kW to 10 kW are granted tariffs of as much as ß ($0.18)/kWh.
This yr, tariffs vary from TWD 3.7635/kWh and TWD 5.7848/kWh within the first half of the yr, and between TWD 3.7236/kWh and TWD 5.7055/kWh within the second half.
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