Chenya Energy, a Taiwanese solar project developer, has reached financial close for a 181 MW floating solar project at the Changhua Coastal Industrial Park, in Taiwan. The company has secured TWD7.2bn (US$239m) for the project and plans to complete it in 2020. The project would be one of the largest floating PV parks in the world.
Taiwan has implemented an ambitious solar policy, that has led to a surge in solar capacity, from 35 MW in 2010 to 2,738 MW in 2018 and 4,150 MW in 2019. In October 2019, the Taiwanese government announced plans to boost its installed solar power capacity by adding 3.7 GW of new capacity by 2021, focusing on the adoption of solar power in industrial parks, on agricultural solar PV facilities and on solar projects jointly developed by the central and local governments. Taiwan aims to reach 20 GW of solar PV capacity in 2025, of which 17 GW from ground-mounted PV systems and 3 GW from rooftop PV installations.
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