Taiwan may see its cumulative installed solar grow from approximately 4.3 GW at the end of 2019 to 20 GW at the end of 2025, according to market research firm GlobalData. The addition of around 20 GW expected to be installed over the next six years should come from 3 GW of rooftop PV and 17 GW of ground-mounted projects.<\/p>\n\n\n\n

The company also reports that newly deployed PV capacity for 2019 was 1.6 GW, while expected new additions for this year may grow to 2.25 GW.<\/p>\n\n\n\n

The expected growth, according to GlobalData analysts, will be attributable to new FIT levels announced by the Taiwanese government in September. \u201cThough the Government recently revised FITs with a minor cut for solar which are applicable from the start of 2020, rates are still attractive to drive downstream PV market,\u201d the company stated. \u201cThe revised FITs for solar PV are NT$3.9408-5.7788 per KWh (US$0.13-0.19).\u201d<\/p>\n\n\n\n

Analyst Tarun Bhutani also noted that projects relying on locally manufactured solar modules are entitled to a 6% bonus on the FIT. \u201cThis incentive not only protects local module suppliers but boosts\u00a0indigenous cell and module manufacturing,\u201d he also said. With the exception of solar module manufacturer\u00a0United Renewable Energy Company (UREC)\u00a0\u2014 which was created through the\u00a0merger of NSP, Gintech and Solartech\u00a0\u2014 all other Taiwanese solar manufacturers have been facing difficult times last year, including\u00a0cell manufacturer E-Ton Solar Tech,\u00a0cell maker Motech Industries\u00a0and\u00a0wafer manufacturer Sino-American Silicon Products.<\/p>\n\n\n\n

\u201cTransition and focus towards ground-mounted systems will be needed to drive gigawatt scale market, which will face land acquisition challenges in the island country,\u201d Bhutani also stated.<\/p>\n\n\n\n

Despite recent difficulties in acquiring land for large scale PV projects, large-scale solar projects are still being planned in Taiwan. Domestic solar manufacturer United Renewable Energy this month announced it wants to build\u00a0a 193 MW solar plant near Tainan\u00a0in the second half of next year.<\/p>\n\n\n\n

From: https:\/\/www.pv-magazine.com\/2020\/02\/25\/taiwan-to-add-2-2-gw-of-new-solar-this-year\/<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"

According to GlobalData, the country saw deployment of 1.6 GW of new PV installations last year, with cumulative capacity reaching 4.3 GW. Overall, around 20 GW of PV power should be installed on the island by 2026. Taiwan may see its cumulative installed solar grow from approximately 4.3 GW at the end of 2019 to…
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