Image: Thomas Tucker, Unsplash
Taiwan’s Ministry of Economic Affairs (MoEA) stated final week that it has amended laws on the acquisition of inexperienced electrical energy by industrial and enormous power customers.
The authorities stated that future PPAs will now not have to cowl your complete output of a renewable power plant. Instead, giant power customers can purchase a share of electrical energy or purchase from a number of amenities, primarily based on their electrical energy wants.
“The proportion of inexperienced electrical energy will improve once more subsequent 12 months, and inexperienced electrical energy transactions will change into extra frequent,” the MoEA stated in an announcement. “In the previous couple of years, because of the affect of the epidemic, warfare, and inflation, the progress of inexperienced offers has been delayed.”
The ministry additionally stated that the nation’s PV capability presently stands at 13.6 GW, which is 1.2 GW greater than on the finish of final 12 months.
In 2023, the island is deploying about 2.7 GW of recent PV capability, after putting in about 2 GW in 2022 and 2021. Taiwan’s feed-in tariff scheme primarily pushes photo voltaic nation market.
In 2023, residential installations with a capability from 1 kW to 10 kW are given tariffs of as much as TWD 5.8952 ($0.18)/kWh.
This 12 months, tariffs vary from TWD 3.7635/kWh and TWD 5.7848/kWh within the first half of the 12 months, and between TWD 3.7236/kWh and TWD 5.7055/kWh within the second half.
The MoEA says the nation is anticipated to achieve 26 GW of cumulative put in photo voltaic capability by the top of 2026.
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