As the prices for solar panels and other solar equipments are declining, Taiwan has reduced its solar feed-in tariffs for the year 2011 up to 30 percent in comparison with last year’s tariffs.

NT Government Taiwan Power Co. will pay U.S. $ 7.33 (25 cents) a kilowatt hour for energy produced from solar panels on the ground, compared to NT $ 11.12 for the year 2010, said the Ministry of Economic Affairs in a statement. The price from 2011 to Topsolar ceiling is as high as NT $ 10.32.

Chang Ping-Heng, CEO of Motech Industries Inc., which is Taiwan’s largest solar cell manufacturer said that it could be 10-15 per cent fall in prices of solar cells. He also added that in 2011 global annual capacity to produce solar power cells could reach up to 30 GW.

Hwang Jung-chiou,vice minister οf economic affairs, ѕаіd іn a press conference in Taipei today that the “Solar power costs mау fall further.”

Thе government aims tο hаνе 100megawatts οf onshore wind power capacity аnd 70 megawatts of photovoltaic panels installed thіѕ year and thе nеw floor price іѕ NT$2.61 fοr electricity generated by wind, thе  ministry ѕаіd.

Below are the Prices paid –

Feeding for power generators in Taiwan, the island’s network monopoly operator paid for, built, at least NT $ 11.12 per kilowatt hour of solar photovoltaic panels in 2010 and NT $ 2.38 to park service said in a statement on their website Energy Office in December 2009. This compared with the average cost of NT $ 2.06 per kWh of fossil fuels such as coal and oil.

Government of Taiwan to produce feed-in tariffs for electricity solar cells and wind turbines at a level more than power from fossil fuels, renewable energy. President Ma Ying-jeou, who took over in May2008 is committed to reducing emissions to 2000 levels 2025.Lawmakers adopted a renewable energy island in 2009 to reduce actin.

Feed-in tariffs are at least US$0.3821 for PV solar panels installed in 2010, the Bureau of Energy said in a statement on its website in December 2009.

President Ma Ying-jeou has pledged to cut emissions to 2000 levels by 2025. Lawmakers approved the island’s Renewable Energy Development Act in 2009.