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While the new FiT tariff at NT$5.516 per MW is still 5.7% lower than last year's, it represents a much more modest reduction than the 12.7% cut the government had in mind.
The Taiwanese government is expected to announce a final decision on 2019 FiT by the end of next week.
The Taiwanese government has proposed a 12.7% cut in feed-in-tariffs for offshore wind PPAs in 2019.
The fund has already raised more than $250m, mainly from Taiwanese life insurers, and will focus on attracting commitments from public pension funds over the next year.
Helge Rau, wpd’s head of M&A, explains why the country has been so successful, the lessons it can learn from Europe and why wind is driving Asian renewables.
The firm becomes the latest to embrace Taiwan’s renewables revolution, joining the less sought-after solar market.
Germany’s wpd has been selected to connect 1GW of capacity, while Ørsted and CIP will push forward with 900MW each.
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