Taiwan reached a cumulative installed PV capacity of 12,418 MW by the end of December 2023, according to new figures from the MoEA.
Last year, the island deployed approximately 2.7 GW of new PV capacity, after installing approximately 2 GW in both 2023 and 2022.
“Solar power currently meets daytime peak demand for six hours, shifting the focus of electricity distribution to managing the three-hour nighttime peak load,” the MoEA said in a statement. “To address the intermittency of solar and wind energy, fast-response hydroelectric power plants and gas-fired units are essential to stabilize the green energy system.”
Taiwan’s feed-in tariff system has especially boosted the country’s PV market.
In 2023, residential installations with capacities ranging from 1 kW to 10 kW received rates up to ß ($0.18)/kWh.
This year, rates range between TWD 3.7635/kWh and TWD 5.7848/kWh for the first half of the year, and between TWD 3.7236/kWh and TWD 5.7055/kWh for the second half.
This content is copyrighted and may not be reused. If you would like to collaborate with us and reuse some of our content, please contact: editors@pv-magazine.com.
Popular content
