MOEA to finalize wind power FIT rate before Lunar New Year holiday

Focus Taiwan
Date: 2019/01/22
By: Liao Yu-yang and Frances Huang

CNA file photo

Taipei, Jan. 22 (CNA) The Ministry of Economic Affairs (MOEA) said Tuesday it aims to finalize the 2019 feed-in tariff (FIT) rate for the offshore wind power industry in Taiwan ahead of the Lunar New Year holiday.

Although local media reported the 2019 FIT rate will be NT$5.35-NT$5.45 per kilowatt hour (kWh), the Bureau of Energy (BOE) under the MOEA told the press no determination has yet been made and the bureau plans to finalize the figure before the start of the nine-day holiday on Feb. 2.

On Nov. 29, the MOEA announced a proposal to set the FIT rate for 2019 at NT$5.1 per kWh, down 12.71 percent from NT$5.8 per kWh in 2018, though it emphasized the figure was not final.

The BOE has solicited opinions from the industry about the FIT rate proposal with a deadline for submissions set for Jan. 29.    [FULL  STORY]

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