The 15-year payments will come into force when new renewables FITs are published in the country’s official journal within the next few days. The government wants to allocate 15 MW of solar facilities ranging in size from 10 kW to 1 MW through the scheme, with larger projects having to compete in auctions.
The energy regulator has proposed a 15-year payment of $0.10/kWh for PV projects with a generation capacity of 10 kW-1 MW. The first auctions for large renewables projects are planned for early next year and will grant a fixed rate rather than a variable premium.
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