The Ministry of Economic Affairs in Taiwan has set the new feed-in-tarrif (FiT) at TWD 5.5160/kWh (EUR 0.156731/kWh) for the 20-year offshore wind Power Purchase Agreements (PPAs) signed in 2019. Also, Taiwan awarded a total of 5.5GW of offshore wind capacity in two separate tendering rounds in April and June 2018.
The wind project that sign their PPAs in 2019 will get TWD 6.2795/kWh during the first ten years of operation, and TWD 4.1422 for the remaining ten years.
[smlsubform prepend=”GET THE SAFETY4SEA IN YOUR INBOX!” showname=false emailtxt=”” emailholder=”Enter your email address” showsubmit=true submittxt=”Submit” jsthanks=false thankyou=”Thank you for subscribing to our mailing list”]
In the beginning, the Ministry proposed a FiT of TWD 5.106/kWh for 2019 PPAs, a 12.7% reduction in comparison to 2018’s rate of TWD 5.8498/kWh.
This proposal was met with backlash from the developers and the industry associations.
Concluding, offshore wind developers that secured the rights to build wind farms are obligated to sign PPAs for the projects with the state-owned Taiwan Power Corp (Taipower) by the end of 2019.
