This case study has been developed under the Asia LEDS Partnership with guidance from the Bureau of Energy, Ministry of Economic Affairs, Chinese Taipei and Green Energy and Environment Research Laboratories, Industrial Technology Research Institute (ITRI), Chinese Taipei.
Chinese Taipei in order to achieve its energy transition goal has set a target of reaching 20% of power supply from renewable energy sources by 2025, of which Solar PV systems are estimated to contribute 20 GW of energy. To achieve this target the Bureau of Energy (BOE), the Government of Chinese Taipei developed the PV-ESCO model on the concept of the Energy Service Company (ESCO) business model by the integration of Feed-in-Tariff (FiT) scheme with Chinese Taipei’s domestic ESCO industry.
The case study discusses the renewable energy deployment and installation in Chinese Taipei through the PV-ESCO business model, while also highlighting its dynamics and features. The case study also presents a general policy comparison on the similarities of PV-ESCO model and other nation adopted FiT schemes.