We set forth below the key features of the 2020 FiT related to solar energy facilities for your reference:
1. For a Type One or Type Two Facility, the FiT applicable at the issuance date of the Recordation Approval ("RA") applies if the construction of the facilities is completed within 6 months thereafter. For a Type Three Facility, the FiT at the issuance date of the RA applies if the construction of the facilities is completed within 4 months. For instance, for a Type Three Facility, if the RA is issued on June 20, 2020 and the construction is completed by October 19, 2020, the Phase 1 FiT will apply.
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