In recent years, Taiwan has transformed its energy landscape, culminating in the elevation of the Bureau of Energy to the Energy Administration in 2023. A discussion with Deputy Director General Lee Chun-li highlighted the nation’s commitment to achieving net-zero carbon emissions, with a focus on diversifying renewable energy sources and enhancing energy security amid global geopolitical tensions.
To achieve net-zero emissions by 2050, the National Development Council has set a goal of an electricity mix where renewables will account for 70%, a significant increase from the 5.5% it represented in 2020. For Copenhagen Infrastructure Partners (CIP), this ambitious goal is a welcomed development, as the pioneering fund management enterprise aims to deploy…
Taiwan’s aspirations to become an island powered by green energy heavily depend on the efforts of wind power developers. And although the bustling industry now consists of many local and international firms, the first company to accelerate the island’s wind power transformation was Swancor Renewable Energy (SRE), a leading offshore wind developer. SRE has been…
For many international investors, Taiwan represents something of a ground zero for renewable energy development. In fact, the seed of this market has been germinating for over two decades in Taiwan, and it now represents a multi-billion-dollar industry. Among the pioneers of Taiwan’s renewable energy renaissance is German developer wpd, who had entered Taiwan’s market…
After three island-wide blackouts in less than a year, concerns about Taiwan’s power generation capacity and grid resilience continue to grow. Last September, an article in Taiwan Business TOPICS posed the question of whether Taiwan is facing a looming power crunch. Just half a year later, the question has changed to “is Taiwan’s power crunch…
By Courtney Donovan Smith Taishang Factories Disrupted by COVID-19 Taiwanese manufacturers in China, particularly those based in Shanghai and neighboring Kunshan, have suffered plant closures and supply chain issues due to China’s “dynamic zero-COVID” policies and the extended lockdown of the Shanghai region, widespread disruptions to trucking within China, and delays at the port of…
As the devastating effects of climate change become more of a reality, many countries are stepping up efforts to reduce carbon emissions and achieve ambitious net-zero goals within the coming decades. One of the shared targets is to limit power generated from coal, which today accounts for 40% of the 34.2 gigatons of CO2 emitted…
A climate change report published in November by a consortium of German NGOs placed Taiwan near the bottom of a list that ranked 63 countries based on such metrics as carbon emissions, renewable energy, and energy use. Overall, Taiwan received a “very low” performance rating. Taiwan’s Environmental Protection Administration has disputed the report’s findings, pointing…
A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS First Commercial Geothermal Plant Goes Online The Cingshuei Geothermal Power Plant, Taiwan’s first commercial geothermal power-producing facility, began operations on November 23. The plant’s most significant feature is its ability to produce a 24-hour supply of renewable energy….
As Taiwan moves toward its goal of nuclear decommissioning and increasing renewable energy use, it is threatened with an insufficient electricity supply. To fend off what some say is an imminent crisis, Taiwan must accelerate its development of solar and wind power. When President Tsai Ing-wen ran for Taiwan’s top office, one of her signature…
