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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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Google Advances Clean‐Energy Strategy in Taiwan with First Offshore Wind PPA in APAC Region
Apr. 22 2025
Google Advances Clean‐Energy Strategy in Taiwan with First Offshore Wind PPA in APAC Region
Today, Google announced a new milestone in its Taiwan clean‐energy roadmap: a partnership with Copenhagen Infrastructure Partners (CIP) to sign its first offshore wind power purchase agreement (PPA) in Taiwan and the wider Asia‐Pacific region. This landmark agreement will enable Google to leverage wind resources to power its operations in Taiwan.
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Relectrify Dramatically Improves Economics of Energy Storage for Taiwanese Businesses With Novel Inverterless Battery Energy Storage System
Apr. 17 2025
Relectrify Dramatically Improves Economics of Energy Storage for Taiwanese Businesses With Novel Inverterless Battery Energy Storage System
Relectrify, a leading battery storage innovator recently recognized by Time Magazine as one of the world's top greentech companies, today announced its entry into Taiwan bringing a disruptive proposition to the market that will help reduce energy costs for Taiwanese businesses. Manufactured here in Taiwan, Relectrify's AC1 battery energy storage product delivers the best capacity retention in the industry, offering a compelling investment for commercial and industrial energy users seeking to take control of their energy future and reduce operational costs.
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CIP Foundation Local Supply Chain Assistance Program Successfully Completed – Four Companies Certified by DNV
Apr. 15 2025
CIP Foundation Local Supply Chain Assistance Program Successfully Completed – Four Companies Certified by DNV
To promote the development of Taiwan's local foundation industry and enhance quality standards, the "Foundation Local Supply Chain Assistance Program," initiated by Copenhagen Infrastructure Partners (CIP) as part of the investment in the Changfang and Xidao offshore wind farms, has recently been successfully completed. The program was executed by internationally renowned third-party certification body DNV, which conducted factory certifications for local suppliers with experience in foundation production. A certification ceremony was held today (Apr 11) to recognize the companies that passed the evaluation.
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Major step for geothermal energy in Asia - Baseload Capital and Google forge corporate PPA
Apr. 15 2025
Major step for geothermal energy in Asia - Baseload Capital and Google forge corporate PPA
Long-term partnership to supply Google's operations in Taiwan with clean, firm geothermal energy–setting a new standard for the tech industry.
Global geothermal developer Baseload Capital and Google today announced the signing of the first corporate power purchase agreement (CPPA) for carbon-free geothermal energy in Taiwan.
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OMNI Features｜UN Shipping Agency IMO Strikes Deal on Adopting Global Carbon Fee for Maritime Sector．Gazelle Wind Power Receives Portuguese Government Approval to Deploy Floating Wind Demonstrator．Industry Calls for Europe to Auction 100+ GW of New Offshore Wind Capacity in Next Decade, Commits to Lowering LCOE by 30 Pct
Apr. 15 2025
OMNI Features｜UN Shipping Agency IMO Strikes Deal on Adopting Global Carbon Fee for Maritime Sector．Gazelle Wind Power Receives Portuguese Government Approval to Deploy Floating Wind Demonstrator．Industry Calls for Europe to Auction 100+ GW of New Offshore Wind Capacity in Next Decade, Commits to Lowering LCOE by 30 Pct
The International Maritime Organization (IMO) approved a global carbon pricing mechanism on April 11, aiming to cut international shipping emissions by 20% by 2030 and achieve net-zero by 2050. Beginning in 2028, vessels exceeding annual greenhouse gas intensity (GFI) targets will be charged $100 per tonne of emissions, with penalties up to $380 per tonne for surpassing stricter thresholds. Ships that meet lower emissions benchmarks can earn and trade carbon credits.
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Ørsted Achieves Landmark Energization of Greater Changhua 2b Onshore Substation in Taiwan
Apr. 15 2025
Ørsted Achieves Landmark Energization of Greater Changhua 2b Onshore Substation in Taiwan
Ørsted today (15) announced the successful energization of the first onshore substation (OnSS) of the 920 MW Greater Changhua 2b and 4 offshore wind farms. The substation of Greater Changhua 2b has been connected to the Taiwan Power Company (Taipower) onshore substation in the Changhua Coastal Industrial Park.
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OMNI Features｜Renewables Provided Record 32% of Global Electricity in 2024．Chinese Manufacturer Dajin Sets Up Floating Wind Unit．Norwegian Gov’t Progresses Subsidy Model for Utsira Nor and Plans to Launch Floating Wind Tender after ESA Approval
Apr. 11 2025
OMNI Features｜Renewables Provided Record 32% of Global Electricity in 2024．Chinese Manufacturer Dajin Sets Up Floating Wind Unit．Norwegian Gov’t Progresses Subsidy Model for Utsira Nor and Plans to Launch Floating Wind Tender after ESA Approval
A report by energy think tank Ember said renewable power generation provided a record 32% of the global electricity mix in 2024, beating the previous year's 30% record. Overall, electricity demand grew 4%, driven by heatwaves and data centres.
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MOEA Deputy Minister attends the ITRI's Net Zero Transition Forum, where collaboration across sectors accelerates the promotion of deep energy saving.
Apr. 10 2025
MOEA Deputy Minister attends the ITRI's Net Zero Transition Forum, where collaboration across sectors accelerates the promotion of deep energy saving.
Deputy Minister of Economic Affairs(MOEA) Chin-Tsang Ho attended the 2025 Industrial Technology Research Institute (ITRI) NET ZERO DAY Forum, titled "Building a New Force for Energy Efficiency," organized by ITRI. During the forum, he affirmed ITRI's contributions to innovative energy transition technologies and the participation of key enterprises. He also expressed hope that energy efficiency solutions utilizing digital technologies would be implemented across various industry sectors to help achieve the nation's carbon reduction goals. He emphasized that technological innovation is the core driver of energy-saving efforts and that Taiwan will accelerate the promotion of deep energy-saving programs through relevant regulations and incentives.
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MOEA Industrial Development Administration Director-General transition, strengthening industry resilience through four key pillars
Apr. 10 2025
MOEA Industrial Development Administration Director-General transition, strengthening industry resilience through four key pillars
The Industrial Development Administration(IDA) of the Ministry of Economic Affairs(MOEA) held a Director-General leadership transition ceremony on the 26th of March, with Deputy Minister of MOEA, Cynthia Kiang, overseeing the handover. The position of Director-General of the IDA was passed to Chyou-Huey Chiou, the current Director-General of the Department of Industrial Technology of the MOEA. Director-General Chiou has been involved with the IDA's predecessor, the Industrial Development Bureau, and has participated in numerous major industrial transformations in Taiwan. His experience spans across manufacturing automation, electronics, information services, and key fields such as semiconductors and smart electric vehicles. He is entrusted with the responsibility of advancing Taiwan's industrial development.
