Feed-in Tariff Scheme unlikely to continue beyond 2033

The scheme is set to expire at the end of 2033

The Feed-in Tariff (FiT) Scheme is unlikely to be extended beyond 2033, Environment and Ecology Secretary Tse Chin-wan said.

The FiT Scheme, introduced in 2018 under the Scheme of Control Agreements (SCAs) set to expire at the end of 2033, encourages renewable energy adoption by allowing Hong Kong’s two major power companies—CLP Power Hong Kong (CLP) and Hongkong Electric Company (HKE)—to purchase citizen-generated renewable energy at higher-than-usual rates.

About 26,000 applications have been approved as of September, enabling the generation of 414 million kilowatt-hours (kWh) annually—enough to power 126,000 households and representing 0.85% and 0.03% of CLP and HKE’s electricity fuel mixes, respectively.

Tse noted that global trends, including in Mainland China, are moving away from renewable energy subsidies as technologies mature.

The government said it remains focused on achieving its solar energy target of meeting 1% to 2% of Hong Kong’s electricity demand by 2035, supported by $3b in renewable energy projects across public facilities since 2017.