Ministry maintains feed-in tariffs for solar power; developers demand hikeCOSTS INCREASING: The economics ministry said the move aims to counter the effects of the pandemic, but developers said the rates reflected outdated dataBy Lisa Wang / Staff reporterThe Ministry of Economic Affairs is to maintain feed-in tariffs for new solar power installations and grant a three-month grace period for manufacturers to complete their projects, as renewable energy installations have slumped due to the COVID-19 pandemic. The ministry usually holds two meetings each year to review feed-in tariff rates for solar and other renewable energy power developers. A solar power farm operated by Giga Solar Materials Corp is pictured in Tainan’s Syuejia District on March 30, 2018. “To reach the nation’s renewable installation goal and to provide incentives to resume installations, feed-in tariffs are to remain the same,” it said. Solar energy developers urged the ministry to raise feed-in tariffs to reflect higher costs, saying that more solar installation projects would be suspended otherwise, the paper reported.

Source: Taipei Times June 14, 2021 15:56 UTC