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Taiwan’s wind power sector hits NT$96.87 billion milestone

Reporter TVBS News Staff
Release time:2024/12/09 15:01
Last update time:2024/12/09 15:35
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Taiwan’s wind power sector hits NT$96.87 billion milestone (Shutterstock) Taiwan’s wind power sector hits NT$96.87 billion milestone
Taiwan’s wind power sector hits NT$96.87 billion milestone (Shutterstock)

TAIPEI (TVBS News) — The Ministry of Economic Affairs (MOEA, 經濟部) announced on Monday (Dec. 9) that the offshore wind power (離岸風電) manufacturing sector has reached a cumulative production value of NT$96.87 billion, adding that officials are actively assisting companies in overcoming technical challenges to boost competitiveness.

Recent media reports have raised concerns about the effectiveness of Taiwan's offshore wind power localization policy, with concerns that Sing Da Marine Structure (興達海基), a benchmark enterprise for localization, may cease operations after the Lunar New Year. China Steel Corporation (中鋼) has also invested in Sing Da Marine Structure, which exhausted two capital injections totaling NT$6.4 billion.

 

According to the MOEA, new plant investments in the offshore wind power sector total NT$80.26 billion since 2018. The ministry emphasized that it has supported companies in enhancing their international competitiveness with large-scale technology. Substructure manufacturers have planned production lines in Southeast Asia, integrating wind turbine components into the supply chains of Siemens Gamesa Renewable Energy (SGRE) and Vestas.

SGRE has established an assembly plant for the nacelle at Port of Taichung. The company plans to export to Asia alongside wind turbine system manufacturers. The MOEA's Energy Administration clarified that the feed-in tariff and industry linkage policies serve different purposes, with the former implemented in 2010 and the latter in 2018.

 
Taiwan's feed-in tariff mechanism for offshore wind power drew inspiration from the U.K. and Germany. Initially, it offered reasonable incentives, transitioning to a bidding system as the market matured. A committee of experts determines the renewable energy feed-in tariff, reflecting market costs that are unrelated to industry linkage policy.

The MOEA emphasized that green energy has become a crucial element of Taiwan's technological competitiveness and that officials will continue to promote the offshore wind power market to ensure an ample supply of green electricity.

 

 

Taiwan Business

#offshore wind power# Taiwan energy policy# renewable energy# green electricity# wind turbine# feed-in tariff# Siemens Gamesa# offshore wind power localization policy# Taiwan offshore wind power market# Sing Da Marine Structure

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