2021
DOI: 10.3390/en14092728
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The Investability of PV Systems under Descending Feed-In Tariffs: Taiwan Case

Abstract: The Taiwanese government has set an energy transition roadmap of 20% renewable energy supply by 2025, including a 20 GW installed PV capacity target, composed of 8 GW rooftop and 12 GW ground-mounted systems. The main trend of feed-in tariffs is downwards, having fallen by 50% over a ten-year period. Predicting the future ten-year equity internal rate of return (IRR) in this study, we examine the investability of PV systems in Taiwan when subsidies and investment costs descend. We have found that the projected… Show more

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Cited by 9 publications
(5 citation statements)
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“…FIT, net-metering or net-billing programs are very competitive [15,25,46,51]. However, without support in the form of feed-in tariffs or other preferential tariffs, PV systems, among them residential ones, would not develop [10,33,38,42,45,46,50,52,53]. Electricity generation costs from PV still do not reach grid parity in many countries, even with lower investment costs [40].…”
Section: System Costs and Government Support Programs For The Develop...mentioning
confidence: 99%
“…FIT, net-metering or net-billing programs are very competitive [15,25,46,51]. However, without support in the form of feed-in tariffs or other preferential tariffs, PV systems, among them residential ones, would not develop [10,33,38,42,45,46,50,52,53]. Electricity generation costs from PV still do not reach grid parity in many countries, even with lower investment costs [40].…”
Section: System Costs and Government Support Programs For The Develop...mentioning
confidence: 99%
“…However, installation of solar PV has encountered local resistance due to a number of issues, including lack of environment impact assessment, unsuitable land being assigned, and lack of transmission lines [36]. Taiwan's NZE plan will install 20 GW of solar PV capacity by 2025, with 8 GW on rooftops and 12 GW on the ground [39]. As of 2021, only 7.7 GW of solar PV capacity has been installed (Figure 13) [24], mostly by IPPs [41].…”
Section: Status Of Solar Pvmentioning
confidence: 99%
“…Chen et al ( 2010) estimate it to be 65 TWh/y [72], Yue and Huang (2011) estimate it to be 36.1 TWh/r [73], and Ko et al (2015) estimate it to be 15.4 TWh/y [74]. It is unlikely that solar PV will reach 20 GW by 2025, as per the NZE plan, due to space limitation, high capital investment, and decreasing feed-in tariffs [39]. 7.1.9.…”
Section: Solar Pvmentioning
confidence: 99%
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“…These studies are also reliant on what is considered, namely, the use of storage systems, whether the produced energy can be sold and on financial incentives. So, studies associated to specific countries have been made, such as Portugal [3,6], Spain [7,8], USA [9], Australia [10,11], Italy [12], Germany [13], Republic of Korea [14], Taiwan [15], Peru [16] and Chile [17] and Namibia [18]. From the several studies, it was concluded that SC is now a very interesting solution, being considered already profitable.…”
Section: Introductionmentioning
confidence: 99%