Friday, December 15, 2017

Taiwan: Feed-in Tariff Increased for Geothermal Energy

Feed-in tariffs for ‘green’ installations cut less to meet renewable energy goals (Taipei Times)

The government yesterday cut feed-in tariffs for renewable energy installations by less than initially planned to speed up the nation’s “green” energy goals.

To accelerate geothermal energy system installations, the ministry has increased the feed-in tariff to NT$6.1710 from the proposed NT$5.6447 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 per unit for the remaining 10 years of the 20 year subsidiary period, lower than the NT$4.4465 per unit previously proposed, it said.

Meanwhile, the NT$8.3 billion “green” bonds issued by state-run Taiwan Power Co (Taipower, 台電) 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.