Renewable Energy Promotion Policies in Chinese Taipei

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Renewable Energy Promotion Policies in Chinese Taipei Bureau of Energy, Ministry of Economic Affairs Chinese Taipei November 12, 2014 RE for CT - 1

Current Development of Renewables in Chinese Taipei RE for CT - 2

Current Development of Renewables (1/3) Conventional Hydropower Total hydro power capacity of 2,081.3 MW, of which the Public utilities (Taipower) accounted for 98% of large hydro power plants (2,042.2 MW), privately owned 39.1 MW only Wind Power There are 318 onshore wind turbines commissioned, totalling 630.3 MW in capacity, enough to power approximate 360 thousand households per year. Tao-Yuan: 30 MW Chuntung, Penhu: 4.8 MW RE for CT - 3

Current Development of Renewables (2/3) PV: 426.0 MW installed Bureau of Energy, MOEA funds many ongoing deployment programs: Solar City, Solar Top, Solar Campus, Emergency Systems in Remote Areas or Isolated Islands, Demo Farms, Solar Communities, Bidding Procedure of Solar Power Equipment, etc. BIPV demonstration system The Main Stadium of The World Games 2009 Kaohsiung: 1 MW RE for CT - 4

Current Development of Renewables (3/3) Biomass power: 740.5 MW Municipal Solid Waste Incineration: 624.4 MW (25 plants) Biogas: 19.1 MW (4 landfills) Waste from Industries and Agriculture: 97 MW Annual Power Generation: 3.36 TWh Solar Water Heaters 1.45 million m 2 of heat collectors installed from years 2000 to 2013, effective households penetration rate 3.46% (around 286 thousand households) Ranked No. 5 globally for installed density (land area based) Annual Energy Production: 98 million litres oil equivalent Biofuels Biodiesel: Mandatory B1 since July 2008, B2 on June 2010 (temporarily suspended for policy review) Bioethanol: E3 Gasohol Programme in Taipei and Kaohsiung Cities Annual Consumption: 100 thousand kilolitres of biodiesel, over 7 thousand kilolitres of bioethanol. RE for CT - 5

Chinese Taipei s New Renewable Energy Policy RE for CT - 6

Chinese Taipei s New Energy Policy 2011.11.03 New Energy Policy announced: to Steadily Reduce Nuclear Dependency, Gradually Move Towards a Nuclear-free Homeland, and Create a Low-carbon Green Energy Environment 2010.05 2010.01 2009.07.08 2009.04.15-16 Approval of the National Master Plan on Energy Conservation and Emission Reduction Establishment of the Committee on Energy Conservation and Emission Reduction Renewable Energy Development Act Amendment of Energy Management Law The 3rd National Energy Conference 2008.06.05 Framework of Sustainable Energy Policy RE for CT - 7

Installation of Renewable Energy The installed capacity of renewable energy was 3,769 MW at the end of 2013. Targeted renewable power generation capacity is 13.75 GW by 2030. Almost tripled compared to 2013 level Energy Source 2013 2015 2020 2025 2030 On-shore Wind 614 814 1,200 1,200 1,200 Off-shore Wind 0 15 320 1,520 3,000 Hydro Power 2,081 2,089 2,100 2,150 2,200 Solar PV 333 847 2,120 4,100 6,200 Geothermal 0 4 66 150 200 Biomass 741 745 768 813 950 Total 3,769 4,514 6,574 9,933 13,750 Capacity (%) 9.3 10.8 13.8 18.5 24.2 Power Generation(%) 5.1 5.7 6.9 9.0 11.7 Source: Bureau of Energy, Ministry of Economic Affairs, Chinese Taipei RE for CT - 8

Mechanism of Feed-in Tariffs (1/2) In order to systematically promote renewable energy, in July of 2009, Chinese Taipei promulgated the Renewable Energy Development Act. The core strategy of the Act is a Feed-in-Tariff system. A Committee is formed to decide the calculation formula and feed-in tariffs. Tariffs and formula should be reviewed annually, referring to technical advancement, cost variation, goal achievement status, etc. no degression system in place Tariffs shall not be lower than the average cost for fossil-fired power of domestic power utilities. RE for CT - 9

Mechanism of Feed-in Tariffs (2/2) Current, only Solar PV tariff rates are set on date when generating equipment installations are completed. Other technologies have tariff rates set on the Power Purchasing Agreement (PPA) signing date. tariffs applied for 20 years PPA being a very important credit for banks to provide project financing BOE announces PV capacity quota every year. PV systems > 30 kw are subject to a bidding procedure to decide tariffs. Developers proposing higher discount rates receive the priority to get the quota. The installed capacity of PV systems has been increased by more than 30 times in less than 4 years after the implementation of FIT. RE for CT - 10

Applied for 20 years to electricity from renewables (except PV) whose owner signs PPA with power utility from 1 Jan. 2014 to 31 Dec. 2014 PV Item Wind Power FIT for Renewables (2014) Type Roof type Capacity (kw) 2014 Tariff Rates (US /kwh) 2013 Tariff Rates (US /kwh) period 1 period 2 period 1 period 2 1 ~ <10 23.8673 23.8673 27.9903 27.2787 10 ~ < 100 21.3967 21.3967 25.1439 24.4323 100 ~ < 500 20.1493 20.1493 23.7207 23.0091 500 17.4387 17.4387 21.1113 19.9253 Ground type 1 16.4074 16.4074 19.9253 18.7393 Onshore 1 ~ < 10 27.2450 24.5207 10 8.7793 (with LVRT) 8.7527 (with LVRT) Offshore -- 18.6920 18.5420 Hydropower Stream-Type -- 8.3510 8.2174 Geothermal -- -- 16.4383 16.0130 Biomass No biogas eqip. -- 8.3510 8.2174 With biogas eqip. -- 10.8370 9.3380 RDF -- -- 9.4133 9.4133 Others -- -- 8.3510 8.2174 * Exchange rate: USD 1 = NTD 30 RE for CT - 11

Million Solar Rooftop PVs project (1/2) ᴏ Solar Energy Potential Goal : 6,200 MW developed by 2030 A. Roof-top (3,000 MW) B. Ground (3,200 MW) ᴏ Strategy - Gradual expansion/ incentivizing roof-tops prior to ground installations Buildings will be installed with PV panels through the incentives of feed-in tariffs. Restricted annual quota at present, while large scale expansion after grid-parity reached To expand the PV power applications in the domestic market, the annual installation limit has been raised to 210MW in 2014, up from 70MW in 2011 RE for CT - 12

Million Solar Rooftop PVs project (2/2) ᴏ Encouraging participation from local governments Besides FIT, some local governments (e.g. Kaohsiung City) granting extra capital subsidy Encouraging public buildings and constructions equipped with PV BOE assisting local governments on Solar Roof-top Program and Solar Community Program to facilitate public participation ᴏ Establishment of PV-ESCO mechanism Encouraging banks to participate in project financing and to provide soft loans to PV-ESCO players Bank finance for 80% reimburse loan principal and interest Example Model: Zero financing burden for the site provider electricity selling income PV-ESCO / PV System company wholesale electricity Taiwan Power Company roof renting system warranty General residential roof system and after-sales During the renting period, the service site provider get the rent. The ownership of system after the rent expiring should be discussed by the PV-ESCO and the site provider. RE for CT - 13

Capacity (MW) Capacity (MW) Turbines Thousand Wind Turbines Project (1/2) ᴏ Wind Power Generation Target Goal : 4,200 MW developed by 2030 A. Onshore :1,200 MW installed by 2020 B. Offshore: 3,000 MW installed by 2030 4,200 3,600 3,000 2,400 1,800 1,200 600 00 Capacity Turbines 614.2 4,200 Year 2012 2015 2020 2025 2030 Onshore(MW) 614.2 814 1,200 1,200 1,200 (450 turbines) Offshore(MW) 0 15 320 1,520 3,000 (600 turbines) Cumulative Installed 614.2 4,200 829 1,800 3,000 Capacity (MW) (311turbines) (1,050 turbines) 1,200 1,200 1,000 1,000 800 800 600 600 400 400 200 200 0 0 Turbines RE for CT - 14

Thousand Wind Turbines Project (2/2) ᴏ Strategy -Develop on- shore prior to off-shore wind farms On-shore: develop areas with higher power generating potentials prior to 2015, then develop areas with less potential thereafter. - Develop areas with higher power generating potentials prior to 2015 (estimated 800 MW) - Develop areas with less potential thereafter (400 MW), with total installed capacity reaching 1.2 GW by 2020 Off-shore: develop among the shallow areas prior 2020 then develop in deep water offshore areas. - Establish the first off-shore wind farm by 2015, and reach 320 MW installed capacity on shallow off-shore areas (approximately 100 turbines) by 2020. - Develop large wind-farms in areas possessing economic scalability between 2021-2030 (reaching 2,680 MW, which is approximately 500 wind turbines in 10 years) Short-term~2015: Offshore Wind Power Demonstration Program Promote Demonstration Incentive Program Mid-term~2020 Develop Demonstration Offshore Wind Farms Long-term~2030 Optimizer circumstances and infrastructure Develop Large-scale Wind Farms Establish local industry of marine construction and wind turbines RE for CT - 15

Offshore Wind Power Demonstration Program ᴏ Demonstration Wind Farms In the ocean of 5 m isobaths or deeper, with total capacity above 100 MW but not exceeding 200 MW. ᴏ Demonstration Devices 2 offshore wind power systems of single capacity above 3 MW Awarded Demonstration Projects Fuhai @Changhua Capacity: 108 MW (30 turbines) Distance from Shore: 11 km Water Depth: 25-40 m Formosa @Miaoli Capacity: 108 MW (30 turbines) Distance from Shore: 1-5 km Water Depth: 5-30 m TPC @Changhua Capacity: approx.. 108 MW (22-36 turbines) Distance from Shore: 6-8 km Water Depth: 15-25 m RE for CT - 16

Target: 2,200 MW by 2030 Hydro Power Visions and Strategies almost all potential large hydro sites have been developed, small hydro sites are the future focuses encouraging the development of environmentally sound resources (small scale hydro) Bihai Hydro Power Plant Wanta Hydro Power Plant Hydro Power Plants in Taiwan RE for CT - 17

Target: 950 MW by 2030 Visions and Strategies Bio-Power biomass waste incineration transformed to Energy Center with advanced technology to increase power yield encouraging the development of biogas Scheme combining distributed pretreatments and centralized generation RE for CT - 18

Target: 200 MW by 2030 Visions and Strategies Geothermal Energy shallow natural geothermal reservoirs first, then EGS (enhanced geothermal systems) to introduce Incentive Program that subsidizing Tatun exploration of geothermal resources to lower investment cost born by Chingshui Tuchang private investors Chingshui Geothermal Power Plant Paullai Lusan Chipen Chinlun Antong High heat flow unit (> 2HFU) and high geothermal gradient (>40 /km )area: more than 50 % (average 1.5 HFU in the world) Traditional potential geothermal field Hot spring spot Heat flow contour (HFU) RE for CT - 19

Ocean Energy Challenges: Technology Reliability Maintenance Transmission Cost Ecologic issue Ocean Engineering Capability Extreme Conditions Visions and Strategies accelerating R&D in OTEC, wave and ocean current power kw WEC Point Absorber & Test ORC System OTEC System RE for CT - 20

Other Incentive Programs ᴏ Subsidy programs for advanced renewable technologies or for small scale applications BIPV (building-integrated PV) Biogas power generation Small wind turbines demonstration Geothermal power generation demonstration RE for CT - 21

Thank You for Your Attention RE for CT - 22