CIP Hopes to Keep Wholesale Rate for Offshore Wind Power at 2018 Level

published: 2019-02-05 15:45 | editor: | category: News

The Taiwanese government should keep the 2019 wholesale rate for offshore wind power at the 2018 level of NT$5.8 kWh, so as to facilitate the development of offshore wind power in Taiwan and make Taiwan a leader of offshore wind power in Asia, urged Ho Yi-kai, chief executive of CIP (Copenhagen Infrastructure Partners) Taiwan.

Speaking at a forum on the development of offshore wind power in Taiwan on Jan. 28, Ho stressed that there is no room for the 2018 rate to drop.

CIP reiterated its statement issued last Nov. maintaining that reduction of the wholesale rate, cancellation of the tiered rate scheme, and change in the ceiling of 3,600 hours for power sales would discount the feasibility of offshore wind power in Taiwan, blocking the effort of CIP to execute its development plan at full speed.

CIP pointed out that maintaining the wholesale rate at a level sufficient to cover the cost is critical for it to obtain loans, scheduled to be available at the end of 2019.

(First photo courtesy of CIP) 

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