Taiwan’s Ministry of Economic Affairs has reduced the 2020 feed-in-tariff (FiT) for offshore wind by 7.6% compared to the 2019 FiT rate.
The 20-year FiT for offshore wind power purchase agreements (PPAs) signed in 2020 is set at TWD 5.0946 per kW/h.
The developers also have an option to receive TWD 5.8015 per kWh (EUR 0.172705 per kWh) for the first ten years, and TWD 3.8227 per kWh for the next ten years.
The wind projects that signed their PPAs in 2019 will receive TWD 5.5160/kWh for the duration of the contract, or TWD 6.2795/kWh during the first ten years of operation, and TWD 4.1422 for the remaining ten years.
The reduction in the FiT rate is said to reflect ”technological progress and international development trends,” the ministry said.
Some of the developers that signed their PPAs in 2019 include China Steel Corp (CSC) and Copenhagen Infrastructure Partners (CIP) for three offshore wind projects with a combined capacity of 900MW, Ørsted for the 900MW Changhua 1 and 2a, and Northland Power and Yushan Energy for the 300MW Hai Long 2.