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Global Wind Giants Include Equinor Exit South Korea as Costs Soar and Permits Stall
Jun. 06 2026
Global Wind Giants Include Equinor Exit South Korea as Costs Soar and Permits Stall
Global offshore wind developers are increasingly scaling back or exiting South Korea as rising costs, financing challenges, and complex regulatory requirements undermine project viability. Norway's Equinor recently decided to halt its 750 MW Firefly (Bandibuli) floating offshore wind farm off Ulsan (울산 반딧불 부유식 해상풍력 발전소, 반딧불부유식해상풍력) , a project valued at approximately KRW 6 trillion and regarded as the world's largest single floating offshore wind farm.
Executive Yuan: Taiwan Classified Among Lower-Risk Economies in U.S. Section 301 Forced Labor Import Investigation
Jun. 05 2026
Executive Yuan: Taiwan Classified Among Lower-Risk Economies in U.S. Section 301 Forced Labor Import Investigation
The Ministry of Economic Affairs (MOEA) announced on June 3 that, according to the findings of the Office of the United States Trade Representative (USTR) under its Section 301 investigation concerning import prohibitions on goods produced with forced labor, Taiwan has been designated as one of 14 economies assessed as presenting a relatively lower level of risk. As a result, the USTR has proposed an additional 10% tariff on Taiwan, compared with the proposed 12.5% tariff on other economies.
Taipower's Electricity Carbon Emission Factor Drops to 0.467 kg CO₂e/kWh; MOEA Reports Progress in Energy Transition
Jun. 03 2026
Taipower's Electricity Carbon Emission Factor Drops to 0.467 kg CO₂e/kWh; MOEA Reports Progress in Energy Transition
The Energy Administration under the Ministry of Economic Affairs (MOEA) announced on June 2 that the 2025 electricity carbon emission factor for public electricity retailers has decreased to 0.467 kg CO₂e/kWh, representing a 1.5% reduction from 2024 and an overall decline of approximately 12% compared with 2016.
MOEA AI X Innovation Pavilion Opens at InnoVEX, Featuring Award-Winning AI Technologies and Emerging Startups
Jun. 02 2026
MOEA AI X Innovation Pavilion Opens at InnoVEX, Featuring Award-Winning AI Technologies and Emerging Startups
On, 2nd June, the Ministry of Economic Affairs (MOEA) Department of Industrial Technology opened the AI X Innovation Pavilion at InnoVEX, showcasing 31 cutting-edge technologies spanning smart machinery, communications, green energy, semiconductors, biotechnology, and medical devices. The exhibition features achievements from the TREE Program (Taiwan Research-Institute Advanced Technology Entrepreneur Ecosystem Program, TREE) and winners of the "2026 Best AI Awards", highlighting Taiwan's growing strength in AI innovation and cross-sector applications.
News report
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SRE Increases Stake in Formosa 2 Offshore Wind Project Boosting Confidence in the Offshore Wind Market
May. 13 2025
SRE Increases Stake in Formosa 2 Offshore Wind Project Boosting Confidence in the Offshore Wind Market
Synera Renewable Energy (SRE), a leading offshore wind developer in Asia, announced on May 13 the completion of its equity acquisition in Formosa 2 Offshore Wind Farm. Following the transaction, SRE has increased its stake from 25% to 51%, becoming the largest shareholder of the project. Amid global geopolitical and economic uncertainties, this move is highly significant: it not only reflects the company's continued confidence in the operational potential of the project and its firm commitment to Taiwan's green energy development, but also sends a clear signal to the offshore wind market. This action contributes to maintaining order and ensuring long-term stability in the local offshore wind industry.
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Amendment to Nuclear Regulation Act Passed Reinforcing Nuclear Safety as the Highest Priority
May. 13 2025
Amendment to Nuclear Regulation Act Passed Reinforcing Nuclear Safety as the Highest Priority
On May 13th, the Legislative Yuan passed the amendment to Article 6 of the Nuclear Reactor Facilities Regulation Act. This amendment provides a legal basis for nuclear power plants to apply for life extension or reactivation. However, further steps are required, including the amendment of implementation regulations and relevant nuclear safety inspection requirements by the competent authority. Only then can Taipower proceed with evaluations. The current operating licenses remain valid for 40 years, meaning power plants must still shut down upon license expiration.
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LFC and 1PointFive launch a world first commemorative jersey to mark 20 years since Istanbul
May. 08 2025
LFC and 1PointFive launch a world first commemorative jersey to mark 20 years since Istanbul
Liverpool Football Club has created a world first commemorative jersey in collaboration with 1PointFive, a U.S. based carbon capture, utilization and sequestration company, to celebrate 20 years since the Miracle of Istanbul, combining history and innovation.
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HDRE Announces Further Expansion in Australia with 111MW Energy Storage Project Set for August Launch
May. 08 2025
HDRE Announces Further Expansion in Australia with 111MW Energy Storage Project Set for August Launch
On May 8, international smart energy leader HD Renewable Energy (HDRE) convened a board meeting and approved an investment of approximately NT$160 million (AUD 8 million) by its Australian asset platform, ZEBRE, to acquire the under-construction Templers battery energy storage system in South Australia. With an installed capacity of 111 MW (battery rated capacity of 330 MWh), the project will become the second-largest energy storage site in South Australia once operational, further solidifying HDRE’s foundation in the Australian electricity market.
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OMNI Features｜Fatal Onshore Wind Turbine Blade Accident Highlights Offshore Wind Safety Concerns．India's Wind Power Surge: Aiming for 100 GW by 2030．US Could Miss Out on USD 75 Billion in Offshore Wind Investment
May. 07 2025
OMNI Features｜Fatal Onshore Wind Turbine Blade Accident Highlights Offshore Wind Safety Concerns．India's Wind Power Surge: Aiming for 100 GW by 2030．US Could Miss Out on USD 75 Billion in Offshore Wind Investment
A fatal accident involving an onshore wind turbine occurred on May 2 in Akita Prefecture, Japan. An 81-year-old man was found lying unconscious approximately one meter from a fallen turbine blade and was later pronounced dead at the hospital. The turbine, operated by a Tokyo-based company, is equipped with three blades, each measuring 41 meters in length and mounted approximately 80 meters above ground.
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Keelung City Releases 2024 Voluntary Local Review – A "City of Love" Showcasing Carbon Reduction and Sustainable Vitality
May. 07 2025
Keelung City Releases 2024 Voluntary Local Review – A "City of Love" Showcasing Carbon Reduction and Sustainable Vitality
The Keelung City Government today (Apr 24) released the 2024 Keelung City Voluntary Local Review (VLR), highlighting the city's concrete achievements and future vision in sustainable development, urban governance, and social inclusion. Centered around the theme of a "City of Love," the report outlines Keelung’s commitment to becoming a more livable, resilient, and vibrant city, in alignment with the United Nations Sustainable Development Goals (SDGs).
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Formosa 2 Offshore Wind Farm Participates in Baishatun Mazu Pilgrimage to Pray for Favorable Weather and Deepen Local Connections
May. 05 2025
Formosa 2 Offshore Wind Farm Participates in Baishatun Mazu Pilgrimage to Pray for Favorable Weather and Deepen Local Connections
Located off the coast of Miaoli, Formosa 2 Offshore Wind Farm is the first project under Taiwan’s second phase of offshore wind development to reach commercial operation. Since September 2023, it has been steadily supplying clean, green electricity to 380,000 households in Taiwan. With a total installed capacity of 376 MW and an annual generation of over 1,300 GWh, it helps reduce carbon emissions by 645,000 metric tons per year, marking a significant milestone in Taiwan’s renewable energy journey.
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Chang Hwa Bank Backs Taiwan's Energy Transition, Serves as Credit Guarantee Manager for CIP Fengmiao NT$103 Billion Offshore Wind Financing
Apr. 30 2025
Chang Hwa Bank Backs Taiwan's Energy Transition, Serves as Credit Guarantee Manager for CIP Fengmiao NT$103 Billion Offshore Wind Financing
Chang Hwa Bank has reaffirmed its commitment to Taiwan's energy transition policies by participating in a NT$103.0 billion, 20-year syndicated loan for the "Fengmiao Offshore Wind Power Project," developed by Copenhagen Infrastructure Partners (CIP). Acting as the managing bank for the National Credit Guarantee, Chang Hwa Bank will help de-risk the transaction for participating lenders and bolster the island's renewable energy development, in line with the National Development Council's sustainability roadmap and Taiwan's broader sustainable finance agenda.
