Taiwan increases feed-in-tariff for geothermal power to $0.206/ kWh

Taiwan increases feed-in-tariff for geothermal power to $0.206/ kWh Mountain view over Taipei, Taiwan (source: flickr/ Connie Ma, creative commons)
Alexander Richter 19 Dec 2017

To accelerate development, the Taiwanese government has increased the feed-in-tariff for geothermal energy projects to $0.206/ kWh.

The government of Taiwan has cut feed-in tariffs for renewable energy installations by less than initially planned to speed up the nation’s “green” energy goals as announced before the weekend.

In order to accelerate geothermal development, the Ministry of Economic Affairs has increased the feed-in tariff to NT$6.1710 ($0.206/ kWh) from the proposed NT$5.6447 ($0.188/ kWh) for the first 10 years of the installations’ subsidiary period, it said, adding that the new tariff aims to help operators reduce their initial risk.

The tariff would drop to NT$3.5685 ($0.119/ kWh) per unit for the remaining 10 years of the 20 year subsidiary period, lower than the NT$4.4465 ($0.148/ kWh) per unit previously proposed, it said.

Meanwhile, the NT$8.3 billion “green” bonds issued by state-run Taiwan Power Co (Taipower) were listed on the nation’s over-the-counter bourse yesterday, marking the largest “green” debt issue by a local firm this year, Taipei Exchange (TPEX) said.

The debt, consisting of NT$5.6 billion seven-year bonds and NT$2.7 billion 10-year bonds, is to fund the nation’s renewable energy projects that focus on developing wind and solar power, Taipower said.

“Green” bonds traded on TPEX have reached more than NT$20 billion so far this year and the scale is expected to grow further next year, TPEX chairman Philip Chen said.

Source: Taipei Times