MOEA to finalize wind power FIT rate before Lunar New Year holiday

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(CNA) The Ministry of Economic Affairs (MOEA) said Tuesday it aims to finalize the 2019 feed-in tariff (FIT) rate for the offshore wind power industry in Taiwan ahead of the Lunar New Year holiday.

Although local media reported the 2019 FIT rate will be NT$5.35-NT$5.45 per kilowatt hour (kWh), the Bureau of Energy (BOE) under the MOEA told the press no determination has yet been made and the bureau plans to finalize the figure before the start of the nine-day holiday on Feb. 2.

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