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Financial assessment of government subsidy policy on photovoltaic systems for industrial users: A case study in Taiwan

Listed author(s):
  • Chou, Shuo-Yan
  • Nguyen, Thi Anh Tuyet
  • Yu, Tiffany Hui-Kuang
  • Phan, Nguyen Ky Phuc
Registered author(s):

    Due to Taiwan's limited energy resources, the development of solar photovoltaic (PV) in Taiwan has become one of the most important solutions for meeting future energy supply needs and ensuring environmental protection. A huge amount of researches about renewable energy sources has emerged recently in response to these issues. However, the amount of researches considering the effects of various influential parameters on the efficiency and performance of PV systems remains small, and is still limited to some specific parts of PV systems. In particular, researches considering thoughtfully the influence of government subsidies on PV financial assessment are still in development. This paper proposes an approach to analyze the benefit of installing a PV system under the impact of government financial subsidies, focusing especially on feed-in-tariff (FIT) and tax abatement policies for industrial users in Taiwan. In addition, a method for selecting the most appropriate policies is proposed for the government through the analysis of both user demand and the government's PV installation capacity target.

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    Article provided by Elsevier in its journal Energy Policy.

    Volume (Year): 87 (2015)
    Issue (Month): C ()
    Pages: 505-516

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    Handle: RePEc:eee:enepol:v:87:y:2015:i:c:p:505-516
    DOI: 10.1016/j.enpol.2015.09.039
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    1. Solangi, K.H. & Islam, M.R. & Saidur, R. & Rahim, N.A. & Fayaz, H., 2011. "A review on global solar energy policy," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(4), pages 2149-2163, May.
    2. Grau, Thilo & Huo, Molin & Neuhoff, Karsten, 2012. "Survey of photovoltaic industry and policy in Germany and China," Energy Policy, Elsevier, vol. 51(C), pages 20-37.
    3. Lo, Chih-Cheng & Wang, Chun-Hsien & Huang, Chun-Chien, 2013. "The national innovation system in the Taiwanese photovoltaic industry: A multiple stakeholder perspective," Technological Forecasting and Social Change, Elsevier, vol. 80(5), pages 893-906.
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    7. Singh, G.K., 2013. "Solar power generation by PV (photovoltaic) technology: A review," Energy, Elsevier, vol. 53(C), pages 1-13.
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    9. Hwang, Jenn Jiang, 2010. "Promotional policy for renewable energy development in Taiwan," Renewable and Sustainable Energy Reviews, Elsevier, vol. 14(3), pages 1079-1087, April.
    10. Cossent, Rafael & Gómez, Tomás & Olmos, Luis, 2011. "Large-scale integration of renewable and distributed generation of electricity in Spain: Current situation and future needs," Energy Policy, Elsevier, vol. 39(12), pages 8078-8087.
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    13. Mekhilef, S. & Saidur, R. & Kamalisarvestani, M., 2012. "Effect of dust, humidity and air velocity on efficiency of photovoltaic cells," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(5), pages 2920-2925.
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