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Belgian firms honored at Taiwan business awards ceremony
Belgium and Taiwan celebrated doubling bilateral trade to 2 billion euros at a business awards ceremony in Taipei, with Belgian marine engineering companies DEME and Jan De Nul receiving recognition for their pivotal roles in Taiwan’s offshore wind development and renewable energy transformation.
2025/07/24 18:01
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Taiwan ministry warns against rushed coal phaseout
The Ministry of Economic Affairs warns that a new legislative decision may affect power stability and high-tech investment in Taichung. The proposal mandates Taichung Power Plant to cut coal use, aiming for zero by 2028. The government focuses on renewable energy and natural gas to ensure a stable power supply and reduce pollution.
2025/06/05 15:00
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Taiwan premier assures stable power supply amid concerns
Premier Cho Jung-tai assures Taiwan of stable power supply, emphasizing hydropower development amid TSMC’s U.S. investment concerns. Nuclear policy remains unchanged.
2024/10/29 10:31
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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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Taiwan to invest NT$900 billion in green energy by 2030
Discover Taiwan’s ambitious NT$900 billion investment plan to boost green energy and achieve net-zero emissions by 2050, as announced by Premier Cho Jung-tai. Learn about the strategies and initiatives aimed at enhancing sustainability and combating climate change.
2024/08/22 13:51
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Taiwan, France hold talks to elevate economic ties
The inaugural Taiwan-France High-Level Economic and Trade Dialogue, led by Taiwan’s Minister of Economic Affairs, Wang Mei-hua, discussed cooperation in semiconductors, AI, and electric vehicles. French officials agreed to integrate industrial and economic cooperation meetings, with a focus on supply chain opportunities in renewable energy and the space industry. Bilateral trade between Taiwan and France reached a record high of $60.9 billion last year, with significant investments from both sides.
2024/03/27 14:34
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Lai Ching-te defends ’2025 Non-Nuclear Homeland’
Democratic Progressive Party (DPP) presidential candidate Lai Ching-te defended his party’s energy policy against criticisms from the Kuomintang (KMT) and Taiwan People’s Party (TPP) on Tuesday (Dec. 26), reiterating that the ’2025 Non-Nuclear Homeland’ is not forcible termination. The plan, launched by President Tsai Ing-wen, is not meant to abruptly end the operation of existing nuclear power plants. The Maanshan Nuclear Power Plant’s No. 2 Reactor will cease operations by 2025 in accordance with the law. Lai praised Tsai’s initiative in developing the renewable energy industry and questioned the stance of KMT’s presidential candidate Hou Yu-ih and TPP’s presidential candidate Ko Wen-je on nuclear power. Lai also cast doubts on the candidates’ proposals to resurrect the Fourth Nuclear Power Plant, questioning the disregard of the referendum’s legal effects. He announced plans to invest NT$900 billion by 2030 in motivating corporate investment for the goal of ’carbon neutrality by 2050.’ Lai emphasized the importance of aligning with international standards, establishing carbon trading systems, promoting green electricity, reducing carbon emissions from the Taiwan Power Company, and addressing climate change’s impact on industrial development. He dismissed concerns about future green energy supply sufficiency, citing the Taiwan Power Company’s prediction of an electricity demand increase to 7 million kilowatts by 2030, with supply surpassing 9 million kilowatts. Lai predicted an end to power shortages and the advent of a diverse green energy era.
2023/12/26 19:35
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Kaohsiung first in Taiwan to issue NT$2B green bonds
Kaohsiung City Government’s Finance Bureau has become the first in Taiwan to be granted the qualification to issue green bonds, with a total amount of NT$2 billion. This move is expected to save on interest payments and enact sustainable environmental practices without increasing the city’s debt. The green bonds will fund green investment projects, encompassing renewable energy development, enhanced energy efficiency, and reduction of greenhouse gas emissions. These bonds, totaling NT$2 billion, will utilize their low, fixed interest rates to replace existing higher-interest bank loans, ensuring resources are invested in low-carbon construction. Under Mayor Chen Chi-mai’s leadership, the city has reduced its debt by NT$10.6 billion by the end of 2022, surpassing the goal of a NT$10 billion reduction. Kaohsiung aims to continue strengthening its financial and environmental sustainability and implement comprehensive net-zero policies as it works toward a 2050 net-zero goal.
2023/12/20 19:38
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Taiwan, UK sign historic ETP, strengthening diplomatic ties
Taiwan and the UK have signed a historic Enhanced Trade Partnership (ETP), marking the first trade agreement of its kind between Taiwan and a European country. The agreement covers digital trade, investment, renewable energy, and net-zero carbon emissions. Future discussions may include trade facilitation, anti-corruption initiatives, and service industry management. Taiwan is the first country in the Indo-Pacific region to sign an ETP deal with the UK. The agreement is seen as a symbol of enhanced Taiwan-UK relations and could serve as a model for other nations. The deal is particularly significant considering the UK’s entrance into the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which may have implications for Taiwan’s prospective membership.
2023/11/09 09:55
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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