Page 11 - AsiaElec Week 01

AsiaElec
NEWS IN BRIEF
AsiaElec
WIND
Taiwan reduces 2020 offshore wind feed-in-tariff
Taiwan’s Ministry of Economic Affairs has reduced the 2020 feed-in-tariff (FiT) for offshore wind by 7.6% compared to the 2019 FiT rate.
The 20-year FiT for offshore wind power purchase agreements (PPAs) signed in 2020 is set at TWD5.0946 per kWh ($0.17).
The developers also have an option to receive TWD5.8015 per kWh ($0.19) for the first ten years, and TWD3.8227 per kWh ($0.13) for the next ten years.
The wind projects that signed their PPAs in 2019 will receive TWD5.5160 per kWh ($0.18) for the duration of the contract, or TWD6.2795 per kWh ($0.21) during the first ten years of operation, and TWD4.1422 per kWh ($0.14) for the remaining ten years.
The reduction in the FiT rate is said to reflect ”technological progress and international development trends,” the ministry said.
Taiwan awarded a total of 5.5GW of offshore wind capacity in two separate tendering rounds in April and June 2018.
Some of the developers that signed their PPAs in 2019 include China Steel Corp (CSC) and Copenhagen Infrastructure Partners (CIP) for three offshore wind projects with a combined capacity of 900MW, Ørsted for the 900MW Changhua 1 and 2a, and Northland Power and Yushan Energy for the 300MW Hai Long 2.
SOLAR
JRE opens 44MW solar park in Japan
Japan Renewable Energy Corporation (JRE) has begun commercial operations at its 44MW Nishinosato solar energy park in Japan’s Fukushima prefecture. The Nishinosato Solar Park, located in Nishigo village, was developed in partnership with local companies Fukushima Mirai and Shinobuyama Fukushima Power Co Ltd.
Nishinosato Solar is seen to mitigate around 26,300 tonnes of carbon dioxide (CO2) emissions annually. Japanese utility Tohoku Electric Power Co Inc has an agreement with JRE for purchasing the entire output of the solar plant.
Construction of the 251,520-panel solar park was initiated in April 2017. The facility
will now be operated by GK Nishinosato Solar Park, a joint venture made by JRE, Fukushima Mirai and Shinobuyama.
In December, JRE started building the 79.95MW JRE Yamato Takamori Solar Power Plant and the 62.53MW JRE Aso Takamori Solar Power Plant solar plant in Kumamoto prefecture.
IFC signs deal to expand
solar power generation in
Bangladesh
The IFC, a member of the World Bank Group, has signed an agreement with Bangladesh’s Sustainable and Renewable Energy Development Authority (SREDA) to finance a 35-50MW solar power plant in Kushtia.
The pilot project, which will be developed through competitive bidding under a public-private partnership model, is aimed at demonstrating a viable model for a solar power plant in Bangladesh, drawing in the private sector.
“This is a unique concept as it will support the government in creating a viable and sustainable renewable energy model
in Bangladesh, using marginal low-lying land to produce solar energy. This model can be repeated across the country,” said Wendy Werner, IFC Country Manager for Bangladesh, Bhutan and Nepal.
As the lead transaction advisor to SREDA, the IFC is helping with structuring and tendering of the project to attract a credible private sector developer through a transparent and competitive process.
Meanwhile, the European Commission’s Directorate General for International Cooperation and Development, Germany’s Federal Ministry of Economic Cooperation and Development, and the Sustainable Development Investment Partnership are supporting the funding for consultants.
“This plan to bring in a solar independent power producer through a competitive bidding process which will play a pivotal role in developing the country’s renewable energy programme by providing increased electricity access and clean energy, which will have positive impact on businesses and households in Bangladesh,” said Mohammad HelalUddin, Chairman, SREDA.
The IFC has a committed global portfolio of over $8.2bn in power and energy sectors, half of which is in renewables.
Week 01 08•January•2020
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