On 21 June 2013 new feed-in tariff scheme for renewable energy projects has entered into force replacing previous FIT mechanism that has expired in Ecuador on 31December 2012.
Eligible technologies: wind, solar thermal, marine tidal, biomass, biogas, geothermal and small hydro power plants.
Feed-in tariff contracts are awarded for period of 15 years.
FIT levels are differentiated between technologies and location of the projects – between mainland Ecuador and Galapagos Islands.
Grid access: electricity generated from renewable installations has priority dispatch.
Feed-in tariff rates in Ecuador are expressed in USD:
Period of time
Power plant capacity
Feed-in tariff rate in cUSD/kWk
Biomass and Biogas
up to 10 MW
10 MW – 30 MW
30 MW – 50 MW
After renewable electricity will reach level of deployment of 6% of total installed national electricity program will be closed. If this level will not be reached, programme will expire on 31 Dec 2016.
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