Last Friday, Taiwans Ministry of Economic Affairs (MOEA) announced that the nation has reached 728 MW of installed solar PV, as of October 2015. The nations Southern Region hosts the bulk of this, with 387 MW installed.
MOEA credits the passage of the nations feed-in tariff under the Renewable Energy Development Act with this growth, noting that installed PV levels in the Southern Region have increased more than 100-fold since 2008. Feed-in tariff levels are currently at US$ 0.15-0.22 per kilowatt-hour.
In May 2015, MOEA set a target to reach 8.7 GW of installed PV by 2030, with an annual installation target of 500 MW. MOEA stresses that collaboration between central and local governments will be essential to achieve its goals. The agency notes that it is encouraging local governments to install PV on the roofs of public buildings.
Taiwanese companies have carved out a niche in PV cell production, in a value chain increasingly dominated by China. And while the nations cell producers have come under pressure since the imposition of U.S. tariffs in 2014, many are diversifying their business operations and recent quarterly results show that market leaders are generally returning to profitability.