Taiwan plans significant cuts in feed-in tariffs (FITs) for renewables projects that will receive a power purchase agreement in the fiscal year 2019, which could endanger localisation plans and investment decisions for offshore wind projects, developers have warned.
Offshore wind FITs face the steepest cuts, and are set to decline by 12.71% next year to TWD5.106 ($0.1657) per kilowatt hour, down from this year’s FIT of TWD5.8498/kWh,
