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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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Fengmiao Offshore Wind Farm Phase 1 Reaches Financial Close Ceremony Marks Milestone as Construction Accelerates
Apr. 30 2025
Fengmiao Offshore Wind Farm Phase 1 Reaches Financial Close Ceremony Marks Milestone as Construction Accelerates
Copenhagen Infrastructure Partners (CIP), through its fifth flagship fund (Copenhagen Infrastructure V, CI V), held a financial close appreciation ceremony on April 30th for the Fengmiao Phase 1 offshore wind farm. The event thanked all stakeholders for their collaboration in securing financing for the first wind farm under Taiwan's Round 3 zonal development and provided updates on project planning and progress, reaffirming its commitment to advancing construction at full speed.
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Geothermal Project Applications Must Adhere to Indigenous Peoples Basic Law MOEA Affirms Commitment to Local Right-to-Know
Apr. 29 2025
Geothermal Project Applications Must Adhere to Indigenous Peoples Basic Law MOEA Affirms Commitment to Local Right-to-Know
The Ministry of Economic Affairs (MOEA) stated that, to protect the rights of Indigenous communities during geothermal exploration and development, the Renewable Energy Development Act and the Geothermal Exploration Development Permit and Management Regulation clearly stipulate that any application for geothermal exploration or development permits involving Indigenous lands or public lands within a certain vicinity of Indigenous communities must comply with Article 21 of the Indigenous Peoples Basic Law. Relevant supporting documents must be submitted to prove compliance.
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OMNI Features｜Offshore Wind Market Slump Forces Layoffs at CS Wind's Danish Base．China's Wind and Solar Capacity Surpasses Thermal Power for the First Time．Japan's First Barge-Type Floating Wind Turbine Enters Commercial Operation
Apr. 29 2025
OMNI Features｜Offshore Wind Market Slump Forces Layoffs at CS Wind's Danish Base．China's Wind and Solar Capacity Surpasses Thermal Power for the First Time．Japan's First Barge-Type Floating Wind Turbine Enters Commercial Operation
South Korea's CS Wind Offshore has announced major layoffs at its flagship offshore monopile manufacturing facility in Lindø, Denmark, amid deteriorating market conditions. Despite recent investments to expand the site's capacity, the company is set to cut approximately 220 jobs, citing prolonged inactivity at the plant. Most employees at the Odense Port base will be affected.
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OMNI Features｜Washington Plans Up to 3,521% Tariffs on Southeast Asian Solar Panels．Sinopec Unveils Global Energy Forecast to 2060 at Event in Saudi Arabia
Apr. 28 2025
OMNI Features｜Washington Plans Up to 3,521% Tariffs on Southeast Asian Solar Panels．Sinopec Unveils Global Energy Forecast to 2060 at Event in Saudi Arabia
The U.S. government is considering imposing tariffs of up to 3,521% on solar panels imported from Cambodia, Malaysia, Thailand, and Vietnam, citing allegations that these products benefit from subsidies provided by the Chinese government. According to an investigation initiated in April 2024 by the U.S. Department of Commerce's International Trade Administration (ITA), the case has been identified as a "rare example of transnational subsidization."
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New Energy and Carbon Market Business Opportunities Forum｜Comprehensive "Energy" Development and "Carbon" Quest for the Future
Apr. 25 2025
New Energy and Carbon Market Business Opportunities Forum｜Comprehensive "Energy" Development and "Carbon" Quest for the Future
Amid the impact of reciprocal tariffs imposed by the United States, will global ESG development face new headwinds? How should companies respond to this survival battle? As the transition to net-zero becomes an irreversible global trend, is your company ready with a solid strategy?
At this critical moment, two leading net-zero information platforms, RECCESSARY and EnergyOMNI, are joining forces to organize the New Energy and Carbon Market Business Opportunities Forum. The event will bring together industry leaders and experts to analyze global trends, industry challenges, and emerging opportunities, providing key strategies for future carbon reduction efforts.
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Shinfox Energy Celebrates Earth Day by Partnering with the "Forest Creation Alliance" to Plant Trees and Promote Sustainable Carbon Reduction
Apr. 23 2025
Shinfox Energy Celebrates Earth Day by Partnering with the "Forest Creation Alliance" to Plant Trees and Promote Sustainable Carbon Reduction
Shinfox Energy and its subsidiaries have launched a comprehensive tree-planting and afforestation initiative as part of their sustainable carbon reduction efforts. Ahead of Earth Day, Shinfox Energy completed annual tree-planting operation in a newly established forestation area in Chishang, Taitung (south of the Southern Cross-Island Highway). Shinfox Energy also joined New Taipei City Government's "One Million People Plant One Million Trees" campaign and supported the "Earth Solutions" initiative led by 5% Design Action. The initiative, promoted by Fox Forest and the "Corporate Forest Creation Alliance," emphasizes large-scale afforestation as a nature-based solution.
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Seanergy 2025: France's international event on offshore renewable energy will be officially launch on June 17-18
Apr. 23 2025
Seanergy 2025: France's international event on offshore renewable energy will be officially launch on June 17-18
Organised by Bluesign, Seanergy - the annual event dedicated to Offshore Renewable Energy in France - provides a unique platform for international stakeholders to gather, exchange ideas, and showcase innovations in marine renewable energy and offshore wind technologies.
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PwC Taiwan Proposes 3 Strategies for Taiwanese Businesses in ASEAN to Address Trump's Tariff Shock
Apr. 23 2025
PwC Taiwan Proposes 3 Strategies for Taiwanese Businesses in ASEAN to Address Trump's Tariff Shock
On April 2, U.S. President Trump announced a new policy enforcing reciprocal tariff rates. Although implementation has been temporarily paused for 90 days, it has already caused global trade turmoil. The uncertainty becomes the new norm in international trade. As one of the key regions exporting to the U.S., ASEAN countries swiftly responded, launching trade negotiations with the U.S. Vietnam and Cambodia were the first to express willingness to lower import tariffs on U.S. goods. Meanwhile, Thailand, Indonesia, and Malaysia have all indicated plans to increase imports from the U.S. to reduce trade deficits, and none of them plan to impose retaliatory tariffs—each is striving to find solutions to mitigate the impact of U.S. tariffs.
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CIP's Fengmiao Phase 1 Offshore Wind Farm Becomes Google's Inaugural Offshore Wind Procurement in Taiwan and APAC
Apr. 22 2025
CIP's Fengmiao Phase 1 Offshore Wind Farm Becomes Google's Inaugural Offshore Wind Procurement in Taiwan and APAC
Copenhagen Infrastructure Partners (CIP), through its fifth flagship fund (Copenhagen Infrastructure V, CI V), announced today (April 22) that its Fengmiao Phase 1 offshore wind farm has signed a Power Purchase Agreement (PPA) with Google in March. This marks Google's first offshore wind power procurement in both Taiwan and the Asia-Pacific region.
