Hong Kong utilities will be paying you for electricity supplied to the grid, the feed in tariff offers RE system owners HK$5 / wwh for small systems (upto 10 kw) , HK$4 / kwh for medium size systems (upto 200 kw) , and HK$3 / kwh for large installations (upto 1 Mw),
And could be attractive compared to the present electricity tariff , approx HK$ 1 / kwh on Kowloon side, and HK$ 1.3 / kwh on Hong Kong Island.
Under this scheme, ALL the power generated from the RE system must be fed into the grid, it’s not for self-use, that means the owner will have two utility accounts, a traditional account for paying electricity used, and this new RE account for the RE installation and any power generated fed into the grid.
It is a u-turn for CLP, its executive director Mr Chow stated in June 2015 ( read SCMP report ) that it was not worth connecting to the utility grid even with a feed in tariff.
Following in the footsteps of international success, India has now joined the list of countries that has adopted an attractive feed-in tariff for renewable power generation. It is no coincidence, its the the very same mechanism that drove a sluggish German renewable sector from obscurity to world leader status.
Unlike China’s tariff policy supporting wind, the Indian feed-in tariff is inclusive covering small hydro, solar systems, biogas, cogeneration, and waste to energy technologies subject to approval by the regulatory commission.
During the first year of operation the developer enjoys 100% of the potential carbon credit under CDM. However every year thereafter, an additional 10% up to a maximum of fifty (50%), must be shared with the utility.
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– John Herbert, Consultant, Kelcroft E&M Limited
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