Taiwan increases solar PV targets


Taiwan's Ministry of Economic Affairs has increased its solar PV development targets, which if successfully met will make the 23 million people island nation one of the most successful photovoltaic energy regions in Asia.

Taiwan's Ministry of Economic affairs has increased the country's solar PV installation target for 2014 from 572 MW to 607 MW, according to EnergyTrend, a division of the Taiwan-based global market research group TrendForce.

The changes, drafted by the ministry's Bureau of Energy, are included in an amendment to Taiwan’s renewable energy development target law.

The ministry likewise raised the installation target for 2015 to 847 MW, while the target for 2030 is set at 6.2 GW.

Successfully meeting the new targets, EnergyTrend estimates, will require funding of TWD 21 billion (US$690 million) and TWD 24 billion ($790 million) for 2014 and 2015 respectively, assuming a solar PV system installation price of $3.30 per watt.

In total, EnergyTrend reports, the successful implementation of the new targets will require more than TWD 1 trillion ($33 billion).

However, the Taiwanese research group says, since about 90% of solar PV systems installed in Taiwan use local products, this investment will mostly help Taiwanese manufacturers.

The Bureau of Energy has also upgraded the targets for wind energy, and predicts by 2030 renewable energy in Taiwan will represent 25% and 11% of total grid installation and total power generation, respectively.

Popular content

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.


Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.