Thai FITs for further 1 GW of solar19. July 2013 | Applications & Installations, Global PV markets, Industry & Suppliers, Investor news, Markets & Trends, Top News | By: Max Hall
Thai government announces FIT rates for 200 MW of rooftop solar and 800 MW of community-owned ground mounts. Systems will pay rates over 25, rather than previous ten, years and rooftops must be installed by December.
The Thai government has announced plans for another 1 GW of solar PV, including 200 MW of rooftop installations by December.
Thailand's National Energy Policy Commission (NEPC) has approved FIT rates for 1 GW of rooftop and community owned PV, with the new FIT payments guaranteed over a 25-year period, rather than the previous 10 years.
Taking its national solar target to 3 GW with the announcement on Tuesday, FITs will be paid to 100 MW of rooftop installations up to 10 kW in size with a further 100 MW allowance for systems in the 10-250 kW and 250 kW-1 MW brackets.
The smaller systems will be paid THB6.69/kW (US$0.22/kW) over 25 years with mid size rooftops earning THB6.55/kW and the largest domestic systems guaranteed THB6.16/kW. To qualify, rooftop systems have to be installed by December.
The government also announced a varying FIT rate for 800 MW of ground-mounted, community owned solar, to be allocated as 1 MW per tambon, or local government sub district.
The community FIT rate is also for 25 years but will have a built-in regression with systems earning BHT9.75/kW for years one to three, BHT6.5/kW in years four to ten and BHT4.5/kW for years eleven to 25. To qualify, the community systems must be installed by December 2014.
The national Energy Regulatory Commission (ERC) is drafting the implementation regulations for the legislation.
Choose between a digital and print subscription from pv magazine publisher Solarpraxis AG’s online shop!
- 2327 views
- 2000 views
- 1771 views
High liability to asset ratios and low inventory turnover signal "solvency concerns" for PV companies1764 views
- 1491 views
Want to publish your press releases for free? Simply log in or register, enter the information you want to appear and we'll publish it for you!