Posted by Admin on August 19, 2013
Dear FIT Subscriber,
On August 16, 2013, the Minister of Energy directed the OPA to make changes to the FIT and microFIT Programs, including changes to the domestic content rules applicable to new contracts. The Minister’s Letter of Direction is available here. The OPA has also reviewed and updated the FIT and microFIT price schedule. The OPA is required to review the prices offered to generators under the FIT and microFIT programs on a regular basis to ensure both ratepayer value and a fair return on investment. The new price schedule is available here. This price schedule will apply to any new contracts that are issued while the price schedule is in effect.
The Letter of Direction moves the FIT and microFIT programs toward compliance with the May 24, 2013 World Trade Organization (WTO) ruling by lowering the domestic content requirements for on-shore wind facilities and solar photovoltaic facilities. The domestic content requirements for new FIT contracts awarded as of the date of the directive are as follows:
- For on-shore wind facilities, the minimum domestic content level shall be 20 per cent
- For solar photovoltaic, (PV) facilities utilizing crystalline silicon PV technology, the minimum domestic content levels shall be 22 per cent.
- For solar photovoltaic, (PV) facilities utilizing thin-film PV technology, the minimum required domestic content level shall be 28 per cent.
- For solar photovoltaic (PV) facilities utilizing concentrated PV technology the minimum required domestic content level shall be 19 per cent.
More information is available on the FIT website.
Thank you for interest in the FIT Program and best regards.