|Year:||2016 (Jul 19th)|
|Policy status:||In Force|
|Date Effective:||2016 (Jul 19th)|
|Policy Type:||Economic Instruments, Economic Instruments>Fiscal/financial incentives, Economic Instruments>Fiscal/financial incentives>Feed-in tariffs/premiums|
|Policy Target:||Solar, Solar>Solar photovoltaic|
|Size of Plant Targeted:||Small and Large|
|Agency:||Ministry of Energy and Mineral Resources (MEMR)|
|Legal References:||Ministry of Energy and Mineral Resources (MEMR) Regulation No. 19/2016|
|Penalty:||Penalties for late project completion are valid, if the Commercial Operation Date (COD) is only attained later than after 12 months for projects <10MW and later than after 24 months for projects >10MW.|
The Feed-in Tariff (FiT) policy introduced in July 2016, after the 2013 solar auction programme was unconstitutional by the Supreme Court. The FIT regulation targets development of 250 MW of PV capacity in 22 provinces. FiTs are granted for period of 20 years in the range of USD 0.145-0.25/kWh and vary by regions.
Preconditions for the FIT:
Local content on the project is required (43.8%), subject to the minimum based on the Ministry of Trade and Industry’s regulations. If the requirement is not reached, the FiT will be reduced by the same percentage. For example, if a project only meets 60% of local content requirements, the FiT will be lowered by 40%.
Penalties for late completion are given, if the Commercial Operation Date (COD) is attained later than after 12 months for projects < 10MW and later than after 24 months for projects >10MW.
Last modified: Mon, 21 Aug 2017 15:30:37 CEST