Taiwan’s government has reduced the feed-in tariff for offshore wind projects that sign power purchase agreements in 2020 compared with 2019.
The Ministry of Economic Affairs said the rate for 2020 projects that sign 20-year contracts will be NT$5094.6 (€151) a megawatt-hour, compared with NT$5516.0/MWh last year.
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Projects will also have the option of NT$5801.5/MWh for the first 10 years and NT$3822.7/MWh for the next 10 years.
The ministry said the changes “reflect technological progress and consideration of international development trends”.