Feed-in tariff policy in Hong Kong: Is it efficient?

Dato, Prudence; Durmaz, Tunç; Pommeret, Aude

doi:10.1016/j.cacint.2021.100056

Cited by 12 publications

(3 citation statements)

References 10 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Moreover, these facilities could attract private capital and investments (especially PV suppliers or investors) to develop rooftop PV power plants, as Song et al [41] affirm for the case of Hong Kong. Nevertheless, further monetary incentives are required to achieve a reasonable payback period that, in particular, needs to be less than the lifetime of the solar panels [42], and it demonstrates the current character of this research.…”

Section: Financial Resources and Self-consumption Investmentsmentioning

confidence: 85%

Financial Resources for the Investments in Renewable Self-Consumption in a Circular Economy Framework

et al. 2021

View full text Add to dashboard Cite

The availability of financial resources has been pointed out as one of the determining factors for the investment in renewable self-consumption solutions for the energy transition in the European Union. In economic terms, the barriers to investment are related to low levels of profitability and difficulties in accessing financing in some European regions. These barriers must be overcome to foster a sustainable energy transition. However, this topic of analysis is still underexplored in the literature to date. This study provides a characterisation of the financial resources applied to self-consumption from an economic–financial approach to the decision-making investors in a case study in Spain from a novel focus on the subject. The relevance of alternative financial resources as a mechanism to reduce existing barriers is revealed through the analysis of the active role that installers play in making investment decisions, facilitating the growth of self-consumption. The alternative financial channels and the bank intermediation for renewables are topics of interest to promote the energy transition towards a low-carbon economy.

show abstract

Section: Financial Resources and Self-consumption Investmentsmentioning

confidence: 85%

Financial Resources for the Investments in Renewable Self-Consumption in a Circular Economy Framework

et al. 2021

View full text Add to dashboard Cite

show abstract

“…Currently, the Feed-in tariff (FiT) is considered an effective and efficient tool to promote solar PV projects by providing incentives for the private sector to invest in renewable energy systems. However, the FiT in Hong Kong will be gradually phased out and expired in 2033, even though the current rate may not guarantee sufficient coverage of the investment cost of solar panels in Hong Kong [11]. As such, proposing a more sustainable electricity trading mechanism is critically important to Hong Kong's renewable energy policy reform.…”

Section: Methodsmentioning

confidence: 99%

Economic feasibility analysis of community solar projects in Hong Kong

Huang,

Lee,

Zhang

et al. 2024

Preprint

View full text Add to dashboard Cite

Solar initiatives, particularly community solar, have gained increasing traction in urban areas as a means to maximize the advantages of transitioning to clean energy sources. Accordingly, this study aims to assess the economic viability of community solar projects (CSPs) in Hong Kong by evaluating their economic feasibility, analyzing the key factors that influence their economic performance, and exploring the impact of these factors on the performance of CSPs. The findings of this research reveal that, under the current market conditions in Hong Kong, CSPs are deemed unfeasible due to the high upfront installation cost of PV systems. Furthermore, the upfront installation cost and residential payments are identified as the most sensitive variables affecting the overall costs and revenues of such projects. Specifically, a decrease in upfront installation cost or an increase in residential payments can lead to a higher IRR and an improved cumulative cashflow. These empirical findings provide valuable insights into the economic performance of CSPs within the existing market conditions in Hong Kong, as well as their potential variations under different scenarios. Consequently, this study is believed to offer significant guidance in formulating appropriate financial goals and relevant strategies to facilitate the adoption of community solar initiatives, not only in Hong Kong but also in other regions sharing similar local characteristics.

show abstract

“…The feed-in tariff rates are $5 for ≤10 kW; $4 for >10 kW to ≤200 kW; and $3 for >200 kW to ≤1 MW ( HKSAR Government, 2017 ). The effectiveness of the feed-in-tariff is widely discussed in terms of its effectiveness in fostering photovoltaic development in Hong Kong ( Dato et al, 2021 ). Overall, the rate of photovoltaic deployment in Hong Kong is expected to increase owing to its high solar potential ( Wong et al, 2016 ).…”

Section: Literature Reviewmentioning

confidence: 99%