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UK–Taiwan Celebrate 20 Years of Renewable Energy Partnership; Advancing Toward a Net-Zero Future
Apr. 09 2026
UK–Taiwan Celebrate 20 Years of Renewable Energy Partnership; Advancing Toward a Net-Zero Future
The British Office Taipei and Taiwan's Energy Administration under the Ministry of Economic Affairs jointly hosted the "UK–Taiwan 20th Anniversary Renewable Energy Gala Dinner" on April 1, 2026, at the Grand Hyatt Taipei. The event brought together senior government officials and industry representatives from both sides. UK Trade Envoy to Taiwan, Lord Faulkner of Worcester, and Director-General Chuang Ming-chi attended the event, marking two decades of close collaboration and celebrating the remarkable evolution of offshore wind energy from early-stage planning to a mature industry.
Taiwan Launches Round 3 Offshore Wind Zonal Development Auction Mechanism with 3.6GW Capacity Target
Mar. 31 2026
Taiwan Launches Round 3 Offshore Wind Zonal Development Auction Mechanism with 3.6GW Capacity Target
On the 27th, the MOEA announced the "Directions for Allocating Installed Capacity of Offshore Wind Potential Zones" guidelines for offshore wind zonal development Round 3, following 2 briefing sessions and 3 stakeholder consultation meetings. The application process will commence on April 1, 2026, with a six-month preparation period provided to developers. Submissions will close on September 30, and the selection results are scheduled to be announced before the end of the year.
AI-driven Fossil Power Growth for Taiwan Semiconductors Risks 90 lives, Half a Billion USD in Economic Losses by 2030
Mar. 25 2026
AI-driven Fossil Power Growth for Taiwan Semiconductors Risks 90 lives, Half a Billion USD in Economic Losses by 2030
A joint report by the Centre for Research on Energy and Clean Air (CREA) and Greenpeace estimates that continued reliance on fossil-based electricity could result in approximately 90 premature deaths, 19,000 work absences, and 277 cases of childhood asthma, alongside economic losses of up to USD 500 million by 2030.
Formosa 2 Achieves Landmark Refinancing, Setting Multiple Milestones for Taiwan and APAC Offshore Wind
Mar. 25 2026
Formosa 2 Achieves Landmark Refinancing, Setting Multiple Milestones for Taiwan and APAC Offshore Wind
Formosa 2 Offshore Wind Farm (Formosa 2) on 23rd announced the successful completion of its refinancing, securing approximately NT$58.9 billion. This transaction marks the first completed offshore wind refinancing in both Taiwan and the Asia-Pacific region. The deal received an enthusiastic response from the financial market, achieving more than two times oversubscription and setting a new benchmark in Taiwan's offshore wind financing history.
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.
News report
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Mailiao Power Station Proactively Requests Taipower to Issue Pending Electricity
Jun. 25 2024
Mailiao Power Station Proactively Requests Taipower to Issue Pending Electricity
In response to concerns from the Legislative Yuan's KMT caucus regarding the extension of Mailiao Power Station Unit 1 due to power shortages, Taipower clarified that the extension was requested by the operator in May to compensate for power not delivered due to force majeure. This request is unrelated to the decommissioning of Maanshan Nuclear Power Plant (NPP) Unit 1, which was retired according to legal requirements. The decommissioned Maanshan NPP Unit 1 was planned to be replaced by the higher-capacity Fong Der Gas-fired Power Plant, ensuring an adequate power supply.
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OMNI Features｜Recurrent Energy Secures $513m for 1.2 GWh Energy Storage Project in the US．Elia Awards HVAC Contracts for World's First Energy Island．Japanese Consortium Forms Offshore Wind Technician Training Association to Address Industry Talent Shortage
Jun. 25 2024
OMNI Features｜Recurrent Energy Secures $513m for 1.2 GWh Energy Storage Project in the US．Elia Awards HVAC Contracts for World's First Energy Island．Japanese Consortium Forms Offshore Wind Technician Training Association to Address Industry Talent Shortage
The financing includes a $249m construction and term loan, a $163m tax equity bridge loan and $101m letter of credit facility.
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Efficient Combined-Cycle Power Plant Construction Saudi Arabia Signs $1.5 Billion Agreement for Siemens Energy Equipment
Jun. 25 2024
Efficient Combined-Cycle Power Plant Construction Saudi Arabia Signs $1.5 Billion Agreement for Siemens Energy Equipment
Saudi Arabia has a strategy to reach net zero by 2060 and is relying on modern, highly efficient gas- fired power plants in combination with CO2 capture and storage, to significantly reduce its emissions. Siemens Energy is supplying key power plant technologies that will provide almost 4 GW to the Kingdom, and in addition has also entered a long-term maintenance contract for 25 years for the two power plants, with a total value of approximately USD 1.5 billion.
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Insight Kaohsiung｜MRT Bureau Affirms Completion Target for Kaohsiung Yellow Line by 2028 Remains Unchanged．Kaohsiung City Offers Up to 50% Building Bulk Ratio Bonus to Help Companies Retain Talent by Building Employee Housing．Kaohsiung Accelerates Efforts to Establish Branches of NYCU and NTHU
Jun. 24 2024
Insight Kaohsiung｜MRT Bureau Affirms Completion Target for Kaohsiung Yellow Line by 2028 Remains Unchanged．Kaohsiung City Offers Up to 50% Building Bulk Ratio Bonus to Help Companies Retain Talent by Building Employee Housing．Kaohsiung Accelerates Efforts to Establish Branches of NYCU and NTHU
The contract for the civil and electromechanical works of the Kaohsiung MRT Yellow Line "YC02 Package" was signed on June 18. In response to public concerns that the original plan to open the line in 2028 might be delayed until after 2034, the Kaohsiung MRT Bureau emphasized that the target to complete the entire Yellow Line by 2028 remains unchanged.
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Insight Kaohsiung｜Social Population Growth Rate of the 6 Major Cities
Jun. 24 2024
Insight Kaohsiung｜Social Population Growth Rate of the 6 Major Cities
Industrial investments in Kaohsiung have surged in the past 2 years, with major technology companies setting up operations. While property prices have responded, the population influx remains minimal. Despite a positive shift in social migration, Kaohsiung still ranks low among the 6 major cities. The Kaohsiung City Government is proactively revising urban plans and preparing for regional development, anticipating a positive migration trend.
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Shinfox Energy Subsidiary Shinfox Far East Company's "SFE Hercules" Arrives in Taiwan on June 21
Jun. 24 2024
Shinfox Energy Subsidiary Shinfox Far East Company's "SFE Hercules" Arrives in Taiwan on June 21
Shinfox Energy announced that the " SFE Hercules," a 4,000-ton heavy lift vessel built by its Singapore-based subsidiary Shinfox Far East Company, successfully arrived in Taiwan on June 21. A commencement and blessing ceremony for TPC II maritime construction was held on June 22 at Taichung Port. The vessel is set to begin offshore wind power marine engineering operations, including the installation of pin piles, jacket foundations, wind turbine blades, and towers.
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OMNI Features｜Hanwha Group Acquires 100% Stake in Philly Shipyard Secures U.S. Naval Shipbuilding Rights．Eurus Energy Enters Scottish Floating Offshore Wind Market．Cadeler and Inch Cape Sign Wind Turbine Installation Contract
Jun. 24 2024
OMNI Features｜Hanwha Group Acquires 100% Stake in Philly Shipyard Secures U.S. Naval Shipbuilding Rights．Eurus Energy Enters Scottish Floating Offshore Wind Market．Cadeler and Inch Cape Sign Wind Turbine Installation Contract
On June 21, Hanwha Group announced the acquisition of 100% of Philly Shipyard by Hanwha System and Hanwha Ocean for $100 million (approximately 138 billion KRW). Established in 1997, Philly Shipyard, a subsidiary of Norway's Aker ASA, is located at the former U.S. Navy Philadelphia Naval Shipyard.
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OMNI Features｜Former Italian Prime Minister: EU Needs Cheaper Energy and Better Industrial Policies to Compete with the US．Proposed Bill Seeks to Strengthen Supercritical Geothermal Research in the US．Nantou Yongfu Community Solar Pumping System Protects Habitats
Jun. 21 2024
OMNI Features｜Former Italian Prime Minister: EU Needs Cheaper Energy and Better Industrial Policies to Compete with the US．Proposed Bill Seeks to Strengthen Supercritical Geothermal Research in the US．Nantou Yongfu Community Solar Pumping System Protects Habitats
Former Italian Prime Minister Mario Draghi stated before the release of a report commissioned by the EU in September last year that Europe must reduce energy prices, develop capital markets, and adopt stronger industrial and trade policies to maintain its competitiveness. He highlighted that Europe's productivity growth is lagging behind that of the United States, primarily due to the stronger US technology sector, particularly in AI and cloud data. Currently, electricity prices in the EU are two to three times higher than those in the US. To foster the development of energy-intensive digital technologies, the EU must lower its electricity prices.
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Taipower Holds Shareholders' Meeting: Aiming to Secure 100 Billions NTD in Government Subsidies for the Public and Committed to Achieving Break-Even This Year
Jun. 21 2024
Taipower Holds Shareholders' Meeting: Aiming to Secure 100 Billions NTD in Government Subsidies for the Public and Committed to Achieving Break-Even This Year
Taiwan PowerCompany (Taipower/TPC) held its 2024 annual shareholders' meeting today (21st), chaired by Chairman Wen-Sheng Zeng, with General Manager Yao-Ting Wang reporting on 2023 operations. Amid rising international fuel prices, Taipower has ensured a stable power supply, mitigated inflation, and supported public welfare and industries.
