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EDF Renewables and NCKU Sign MOU to Boost Floating Offshore Wind Development in Taiwan
Oct. 23 2024
EDF Renewables and NCKU Sign MOU to Boost Floating Offshore Wind Development in Taiwan
EDF Renewables and National Cheng Kung University (NCKU) signed a Memorandum of Understanding (MOU) today (23rd). The MOU aims to strengthen cooperation in offshore wind technology research and talent development, accelerating the growth of floating offshore wind power in Taiwan.
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Cathay Life Insurance Invests NT$27.32 Billion in Ørsted's Greater Changhua 4 Offshore Wind Farm Setting the Largest Wind Energy Investment in Life Insurance Sector
Oct. 22 2024
Cathay Life Insurance Invests NT$27.32 Billion in Ørsted's Greater Changhua 4 Offshore Wind Farm Setting the Largest Wind Energy Investment in Life Insurance Sector
Cathay Financial Holdings, through its subsidiary Cathay Life Insurance, announced today that it intends to invest in Ørsted's Greater Changhua 4 - North West Offshore Wind Farm via Cathay Wind Power and Cathay Power. The company has obtained approval from the Financial Supervisory Commission (FSC), with the transaction amount not exceeding NT$27.32 billion, marking the largest investment by the domestic life insurance sector in wind power to date.
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OMNI Features|New JV between SunDrive Solar and Trinasolar to Enhance Australia's Solar Production Capabilities.BP Considers Sale of Offshore Wind Stake Amid to Minimize Investments Required
Oct. 22 2024
OMNI Features|New JV between SunDrive Solar and Trinasolar to Enhance Australia's Solar Production Capabilities.BP Considers Sale of Offshore Wind Stake Amid to Minimize Investments Required
SunDrive Solar, Australia's solar innovation leader, has partnered with global solar giant Trinasolar to form a joint venture (JV) focused on advancing solar manufacturing capabilities in Australia. This collaboration aims to establish Australia as a global hub for cutting-edge solar technology, producing advanced solar modules locally. SunDrive CEO Natalie Malligan highlighted the partnership demonstrates SunDrive and Trinasolar's mutual belief.
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OMNI Features|China's Solar Industry Faces Overcapacity Crisis.KK Wind Solutions Signs 5-Year Global Service Deal with Vestas
Oct. 21 2024
OMNI Features|China's Solar Industry Faces Overcapacity Crisis.KK Wind Solutions Signs 5-Year Global Service Deal with Vestas
China's solar industry is grappling with severe overcapacity, leading to a sharp decline in new projects and a wave of bankruptcies. In the first half of the year, the number of new solar manufacturing projects fell by over 75%, according to the China Photovoltaic Industry Association (CPIA), with more than 20 projects canceled or suspended.
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OMNI Features|Tesco to Procure Two-Thirds of Cleve Hill Solar Project for Supermarket Chain Energy Supply.Akita Residents Question Local Economic Benefits of Wind Power as Profits Flow Elsewhere.Five Major South Korean Offshore Wind Projects to Rely on Chinese-Supplied Equipment
Oct. 17 2024
OMNI Features|Tesco to Procure Two-Thirds of Cleve Hill Solar Project for Supermarket Chain Energy Supply.Akita Residents Question Local Economic Benefits of Wind Power as Profits Flow Elsewhere.Five Major South Korean Offshore Wind Projects to Rely on Chinese-Supplied Equipment
Tesco has entered into a significant agreement to purchase nearly two-thirds of the energy produced by the Cleve Hill solar park in Kent, which will be the UK's largest solar and battery storage project. This deal will enable Tesco to meet up to 10% of its annual electricity demand, providing power for 144 of its large supermarkets. Built by Quinbrook Infrastructure Partners, the £450 million solar park is expected to be operational by early next year.
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OMNI Features|Equinor Acquires 9.8% Stake in Ørsted A/S and Becomes the 2nd-Largest Shareholder.Norwegian TGS Halts Australia's Largest Offshore 3D Seismic Survey.HD Hyundai Heavy Industries' Offshore Wind Floater Model Earns ABS Approval
Oct. 16 2024
OMNI Features|Equinor Acquires 9.8% Stake in Ørsted A/S and Becomes the 2nd-Largest Shareholder.Norwegian TGS Halts Australia's Largest Offshore 3D Seismic Survey.HD Hyundai Heavy Industries' Offshore Wind Floater Model Earns ABS Approval
Equinor ASA has acquired 41,197,344 shares in Ørsted A/S, representing 9.8% of the company's shares and voting rights. This purchase makes Equinor the second-largest shareholder in Ørsted, following the Danish State, which retains a controlling interest.
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Global Offshore Wind Industry towards Net Zero Carbon Emission Seminar
Oct. 15 2024
Global Offshore Wind Industry towards Net Zero Carbon Emission Seminar
In light of Taiwan's goal to achieve an offshore wind power installation capacity of 40-55 GW by 2050, large-scale construction of offshore wind farms is underway. A key challenge for Taiwan's offshore wind sector is determining how to advance towards net-zero emissions across the supply chain, installation, and operations and maintenance (O&M) stages.
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Criteria for Uncontrollable Circumstances in Industrial Relevance Plan (Localization Requirement) Now Publicly Available Online
Oct. 15 2024
Criteria for Uncontrollable Circumstances in Industrial Relevance Plan (Localization Requirement) Now Publicly Available Online
The Ministry of Economic Affairs (MOEA) has addressed concerns regarding industrial policy issues related to the development of Taiwan's offshore wind power sector. The ministry emphasized that the matter is currently under consultation with the European Union. In compliance with international free trade rules, the Industrial Development Administration (IDA) will continue to support the upgrading of Taiwanese industries to enhance their global competitiveness. Key policy considerations include adherence to World Trade Organization (WTO) international trade rules, the urgent need for green energy to meet domestic industries' export demands, compliance with existing regulations and contracts, and the sound development of local industries.