Tuesday, July 2, 2013

Taiwan aims to increase renewable energy to 18% of power capacity by 2025:solar generation capacity reaches 222.4MW

Taiwan’s Ministry of Economic Affairs (MOEA) intents to accelerate the nation’s renewable energy generation capacity by increasing the capacity goal, and reaching it 5 years earlier. Total installed RES capacity is scheduled to grow from present 6,600 MW to 9,952 MW by 2025.
BOE reports this progress has been made since the start of Taiwan’s Renewable Energy Development Act 2009. A capacity of 551MW has been newly added to 3,697MW of total accumulated capacity from renewable energy sources, which now represents 6.8% of the installed power capacity.
23-fold increase in solar generation capacity
Solar energy has grown from 9.5MW to 222.4MW from 2009 to 2012, a 23-fold increase since the act passed, and currently generates 170 million kWh annually.
“Considering the solar energy cost still not a match to conventional fossil fuel and the availability of land, the best strategic implementation for solar energy is to expand at a moderate rate, prioritize to the solar rooftops for residential and industrial applications in near term, strategy to speed up gradually in long term to 3.1GW in 2030,” MOEA states.
BOE affirms favorable feed-in tariffs
BOE once more affirmed that the Renewable Energy Development Act is the scheme to guarantee a 20 years purchase agreement for electricity generated from renewable energy sources, to provide favorable feed-in tariffs to boost renewable deployment. MOEA believes the Act will create an environmentally sustainable future, and lead Taiwan towards a new green era.