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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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South Korea Introduces Government-Led Offshore Wind Zoning System to Streamline Development
Mar. 24 2026
South Korea Introduces Government-Led Offshore Wind Zoning System to Streamline Development
The South Korean government is set to overhaul its offshore wind power development framework by introducing a planned site designation system, under which suitable locations will be identified in advance by the state. In parallel, a pan-governmental integrated body will handle permitting procedures in a streamlined manner, replacing the fragmented approval process previously led by private developers.
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Hai Long Offshore Wind Project Marks Key Milestone with First Turbine Installed at Hai Long 3
Mar. 20 2026
Hai Long Offshore Wind Project Marks Key Milestone with First Turbine Installed at Hai Long 3
The Hai Long Offshore Wind Farm Project (the "Hai Long Project") announced today (20th) the achievement of a significant construction milestone: the successful offshore installation of the first wind turbine at the Hai Long 3 wind farm.
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The British Office Taipei Publishes Offshore Wind Financing Report to Accelerate Taiwan's Green Finance Transition
Mar. 18 2026
The British Office Taipei Publishes Offshore Wind Financing Report to Accelerate Taiwan's Green Finance Transition
The British Office Taipei today (18th) jointly convened the "Taiwan Offshore Wind Financing Forum" in collaboration with KPMG Taiwan and the UK-based Carbon Trust, and released a commissioned report by KPMG titled "Structural Bottlenecks in Taiwan’s Offshore Wind Financing and Participation Strategies for State-Owned Banks." The report provides an in-depth analysis of the institutional, technical, and risk assessment challenges faced by domestic financial institutions when participating in large-scale offshore wind projects. Drawing on the United Kingdom's mature market experience, it also proposes concrete strategic recommendations aimed at strengthening the capacity of Taiwan's financial system to support the energy transition.
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HD Renewable Energy Targets 3 GW Development in Japan, Strengthening Smart Energy Ecosystem
Mar. 17 2026
HD Renewable Energy Targets 3 GW Development in Japan, Strengthening Smart Energy Ecosystem
HD Renewable Energy (HDRE), a leading global smart energy company, is participating in the 25th Japan Smart Energy Week in Tokyo starting March 17. At one of Asia's largest and most influential renewable energy exhibitions, the company is showcasing its three core solutions—energy storage integration, power trading, and EV charging operations—alongside its latest achievements and strategic deployment in the Japanese market.
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President Lai Calls for "Democracy ,Economy, Technology" Synergy at 2026 Yushan Forum
Mar. 16 2026
President Lai Calls for "Democracy ,Economy, Technology" Synergy at 2026 Yushan Forum
President Ching-Te Lai attended the opening ceremony of the "2026 Yushan Forum – Indo-Pacific Partnership Prospects: Taiwan's Values, Technology, and Resilience" today (16 March), where President Lai stated that Taiwan will work closely with its democratic partners to enhance supply chain security and economic resilience through the synergistic effect of "democracy, economy, and technology." President Lai emphasized that such cooperation would help uphold a shared " Democratic Umbrella," promoting democracy, peace, and prosperity worldwide.
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OMNIFeatures｜Oil Price Surge Amid Iran Conflict Forces Airlines to Raise Ticket Prices As Much As 9%
Mar. 13 2026
OMNIFeatures｜Oil Price Surge Amid Iran Conflict Forces Airlines to Raise Ticket Prices As Much As 9%
The escalating conflict involving Iran has pushed global oil prices sharply higher, prompting a growing number of airlines to increase ticket prices. Industry analysts estimate airfares could rise by as much as 9%, with elevated prices likely to persist for several months as carriers grapple with mounting fuel costs.
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Fengmiao Offshore Wind Farm Fully Commences Offshore Construction
Mar. 05 2026
Fengmiao Offshore Wind Farm Fully Commences Offshore Construction
Copenhagen Infrastructure Partners (CIP), through its fifth flagship fund (CI V), announced that the first set of underwater foundations for the Fengmiao Offshore Wind Farm has been successfully installed on March 4. Piling operations are currently proceeding at full speed.
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Lantern Festival Outreach: Hai Long Project Partners with Fishermen's Associations in Changhua and Penghu to Support Senior Community Meals
Mar. 03 2026
Lantern Festival Outreach: Hai Long Project Partners with Fishermen's Associations in Changhua and Penghu to Support Senior Community Meals
On the occasion of the Lantern Festival, the Hai Long Offshore Wind Project (the "Hai Long Project") this week visited local communities to celebrate the holiday together. CEO and Project Director Tim Kittelhake, along with Deputy Executive Vice President Jun Tamura, led project teams to the Fulun Community in Shanlun Village, Lukang Township, Changhua County, and to the Baisha Day Care Center of the Peace Foundation in Penghu.
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2026 Metal Bipolar Plate Drives New Generation of Hydrogen Energy Symposium
Mar. 02 2026
2026 Metal Bipolar Plate Drives New Generation of Hydrogen Energy Symposium
Amid the global push toward net-zero carbons emissions, hydrogen energy is spearheading a new era of energy transformation. The key to commercializing fuel cell technology lies in breakthroughs and innovations in the core component known as the "metal bipolar plate."
