PV installations greater than 1MW will be eligible for an FIT to be paid under a 20-year power-purchase agreement (PPA), which will be divided into two phases.
The first phase, covering the first five years of the PPA; and the second phase, for the other 15 years, will allow authorities to revise the paid tariff.
For installations of 1-5MW, the tariff will be $0.20
