By Lisa Wang / Staff reporterNewly installed solar power capacity is expected to increase about 38 percent next year, thanks to a lower-than-expected feed-in-tariff (FIT) reduction of 3 percent, TrendForce Corp (集邦科技) said yesterday. However, the ministry in January compromised for an average reduction of 4.5 percent annually for new solar capacity deployed this year. The smaller cut is to boost solar installations and help the government reach its solar installations goal,” TrendForce analyst Sharon Chen (陳君盈) said in a statement. At least 550MW of new solar capacity must be connected to the grid each quarter of next year for the government to reach its goal, Chen said. TrendForce expects solar module prices to fall 6 percent annually next year, as most suppliers are not planning to expand capacity.

Source: Taipei Times December 18, 2019 15:56 UTC