The Taiwan Government has halved a proposed 12% cut in the feed-in tariff rate for projects that sign power purchase deals this year to set the price at 6% lower than the 2018 level.
The Ministry of Economic Affairs said on Wednesday the rate for 2019 has been set at NT$5516 per megawatt-hour (€157/MWh), down from the NT$5849/MWh available in 2018.
Late last year the ministry proposed a deeper cut of NT$5106 for this year.
Officials told a press conference in Taipei today that they listened to feedback from developers during consultations over the last few months.
The government hopes it can now work together for offshore wind development, officials added.
A number of developers were unhappy with the proposed 12% cut, including Orsted, which said it would “pause and revisit” its activities on the island.
Projects that secured capacity in the first Taiwan auction last year must sign PPAs with state utility Taipower.
Just over 2GW of wind farms did not agree off-take deals in 2018 at the higher rate.
Taipei has also backed down on its previous proposal to end a split feed-in regime, which allows developers to claim a higher rate for the first 10 years of a project and a lower one for the following 10 years.
The government has, meanwhile, set limits of 4200 and 4500 full-load hours per year for projects signing 2019 PPAs, up from the 3600 level proposed last year.