Taiwan raises 2013 solar PV target for the second time to 175 MW

20/06/2013

Taiwan's Ministry of Economic Affairs (MOEA) has increased the nation's 2013 target for newly installed solar photovoltaic (PV) capacity from 130 MW to 175 MW, while launching programs to assist technology development and the overseas expansion of the nation's PV industry.

MOEA expects these programs to increase the Taiwanese solar industry's output value by USD 590 million, as well as supporting entry into the Middle East PV market. This is the second time in 2013 that the ministry has raised the domestic PV target, after increasing it from 100 MW to 130 MW.

According to PV-Tech, Taiwan currently offers feed-in tariff rates of USD 0.20 – 0.28/kWh, and these rates are scheduled to be reduced in the second half of 2013.

MOEA programs address finance, R&D

MOEA states that ten banks will offer funding for PV installations, and the agency has partnered with the Taiwan Academy of Banking and Finance to promote the finance industry's participation in PV projects both domestically and internationally.

Through a second program, MOEA is working to assist research and development (R&D) through subsidies and the creation of a foundation for PV research.

In addition to the domestic programs, MOEA is assisting Taiwanese PV companies' entry into the Middle East solar market. This included a Taiwanese PV industry tour of Oman, Kuwait, the United Arab Emirates and Qatar in late May and early June 2013.

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