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Taiwan eases green energy purchase rules for businesses
Discover how Taiwan is revolutionizing its green energy market, allowing users to buy based on need and boosting SMEs’ access to sustainable power. Learn about TSMC’s impact, MOEA’s renewable targets, and future plans for solar and wind energy.
2024/09/23 11:25
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Green energy providers to get stable reserve requirements
Discover how Taiwan’s MOEA is revising reserve power capacity obligations for green energy, aiming for stability with fixed percentages for wind and solar power.
2024/09/19 14:08
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New wind farm to power 300,000 Taiwan homes
Discover how the Zhongneng Offshore Wind Farm marks a significant step for Taiwan’s renewable energy goals, aiming for carbon neutrality by 2050 with over 1.1 billion kWh generated annually.
2024/09/05 10:13
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MOEA delegation to seek resolution with EU on wind power
Discover how Taiwan’s Ministry of Economic Affairs plans to address EU concerns over its wind power policy, aiming for WTO compliance and green energy development.
2024/08/26 11:20
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Pegatron Chair: Nuclear power a tool, not a stance
Pegatron Chair Tung Tzu-Hsien, also Deputy Convener of the National Climate Change Response Committee, addresses Taiwan’s energy future, advocating for a balanced approach to nuclear power and green energy. Learn about his views on nuclear energy as a tool, not a stance, and his proposal for Taiwan’s ideal energy mix to ensure stability and environmental protection.
2024/07/12 13:24
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Premier Chen visits Taiwan’s first offshore wind farm
Discover how Taiwan is leading in green energy with Premier Chen Chien-jen’s visit to Formosa 1, the nation’s first offshore wind farm, emphasizing offshore wind power and the goal for net-zero emissions by 2050.
2024/05/07 15:35
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Taiwan eyes stronger ties with UK post-Brexit
Following the United Kingdom’s departure from the European Union (EU), Taiwan’s representative to the UK, Vincent Yao, stated that Brexit has allowed the UK to establish closer economic ties with Taiwan, potentially helping Taiwan resist China’s attempts to isolate it. Taiwan is also increasingly investing in the UK, with the goal of becoming the UK’s primary trading partner in Europe. Additionally, strengthening UK-Taiwan trade relations could benefit the UK by providing access to Taiwan’s key industries, such as semiconductors. The bilateral relationship between Taiwan and the UK is reflected in the increase of UK government officials posted to Taiwan and the expansion of the UK office in Taipei. Collaboration between the two countries extends to areas such as artificial intelligence, offshore wind power, and electric vehicle batteries. However, there is still room for further development in bilateral cooperation.
2024/01/30 12:41
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Foreign investment in Taiwan hits 15-year high despite drop
The number of approved overseas Chinese and foreign investments in Taiwan decreased by 8.89% to 2,102 cases in the first 11 months of 2023 compared to the same period last year. However, the investment amount from these sources reached US$10.79 billion (NT$323.7 billion), the second-highest in the past 15 years, with significant contributions from the offshore wind power sector. French company TotalEnergies Renewables SAS and British firm OSW Investments Taiwan JVCO 2 Limited increased their capital in Haiding Two International Investment Co., Ltd. by NT$5.03 billion. New companies established during this period amounted to 1,124 cases, with an investment value of US$680 million (NT$20.37 billion). Investments from Southeast Asian countries increased notably, with 609 cases, a 41.3% year-on-year increase, and a monetary surge of 25.2% to US$2.52 billion (NT$75.68 billion), mainly from Singapore, Thailand, and Malaysia. However, Chinese investments in Taiwan declined, with only 24 approved cases, a 45.45% decrease from the previous year, and investment figures dropping by 21.65% to US$27.38 million (NT$820 million). On the other hand, overseas investments from Taiwan increased, with a moderate rise in approved cases by 2.44% to 504 and a substantial annual increase of 145.61% in investment total to US$22.81 billion (NT$684.42 billion). Key overseas investments included TSMC’s US$8 billion capital injection into its Arizona subsidiary and a €3.5 billion investment in Germany’s ESMC GmbH. Foxconn Technology Group also made a significant investment of US$8 billion in its Singapore subsidiary, and Yang Ming Marine Transport Corp. invested a similar amount in Singapore-based Yang Ming (Singapore) Pte. Ltd.
2023/12/20 17:20
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NDC notes Taiwan’s breakthroughs in green energy transition
The Taiwanese government is taking preemptive measures to achieve its goal of net-zero emissions by 2050. Premier Chen Chien-jen highlights the importance of a talented workforce and enhanced research in guiding industries towards a green energy transition. The government is also focused on strengthening strategies and providing better services for domestic industries. The National Development Council is actively removing obstacles to land acquisition for overseas businesses returning to Taiwan. The Ministry of Economic Affairs has proposed a plan to increase water supply capacity and promote the use of reclaimed and desalinated water. Additionally, the MOEA is investing in renewable energy infrastructure, particularly in solar and offshore wind power, with the aim of establishing high-performance offshore wind ports.
2023/11/16 21:21
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ASVDA to host talks on Taiwan-Japan industry ties and EVs
Amid strengthening industry ties between Taiwan and Japan, ASVDA plans discussions on EVs and smart technology. Gartner predicts a significant rise in global EV shipments, while the IEA foresees a major shift towards sustainable energy.
2023/11/13 20:32
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Taiwan’s renewable energy market valued at billions
The Industrial Technology Research Institute (ITRI) has announced an 8.6 percent rebound in output, driven by developments in solar and wind power. Taiwan’s renewable energy market is expected to reach NT$200 billion in 2024. This was revealed during an ITRI industry forum that focused on cross-discipline cooperation in carbon solution exchange. Jay Wang, Vice Director of ITRI Industrial Economics and Knowledge Center, highlighted the challenges faced by the global economy due to high inflation and interest rates, which have increased investment costs for renewable energy development. Wang emphasized the importance of renewable energy in achieving a net-zero economy by 2050, but noted that oversupply has resulted in lower prices and the need for different approaches. Despite these challenges, Taiwan has excelled in the development and innovation of renewable energy, particularly offshore wind power, with an accumulated capacity of 2GW to date.
2023/11/03 21:39