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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.
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OMNI Features｜Franch Government Initiatives for Plastic Reduction / India Aims to Install Solar Panels on the Roofs of 10 Million Houses / MOENV Organizes the First "Sustainable Water Award" to Encourage Resourceful Wastewater Treatment
Feb. 06 2024
OMNI Features｜Franch Government Initiatives for Plastic Reduction / India Aims to Install Solar Panels on the Roofs of 10 Million Houses / MOENV Organizes the First "Sustainable Water Award" to Encourage Resourceful Wastewater Treatment
According to a recent report by Les Echos, echoing the call from Prime Minister of France, Gabriel Attal, to encourage plastic reduction in industries, a plan is underway to target 50 industrial zones with the highest plastic usage. Minister for Ecological Transition and Cohesion Christophe Béchu mentioned prioritizing these zones, previously identified for emitting the most GHGs, to implement models supporting carbon reduction and encouraging industries to decrease plastic production.
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MOENV Taiwan Announces the First Batch of 143 VER Projects with Applicable Reduction Methods
Feb. 06 2024
MOENV Taiwan Announces the First Batch of 143 VER Projects with Applicable Reduction Methods
The Ministry of Environmental (MOENV) has announced the first batch of 143 Voluntary Emission Reduction (VER) projects with applicable methods. These are intended for businesses or government entities at all levels interested in implementing reduction projects in Taiwan to obtain "carbon credits." MOENV confirms that these carbon credits align with international quality standards.
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OMNI Features｜Korea Set to Loosen Explosion-Related Restrictions on HRS for Enhanced Expansion / EEW Loads Out First Hai Long Pin Piles / Ocean Wind Partners with Zelim to Test with AI-Tech for Saving Lives regarding Floating Offshore Wind
Feb. 05 2024
OMNI Features｜Korea Set to Loosen Explosion-Related Restrictions on HRS for Enhanced Expansion / EEW Loads Out First Hai Long Pin Piles / Ocean Wind Partners with Zelim to Test with AI-Tech for Saving Lives regarding Floating Offshore Wind
The South Korean government today (Friday) unveiled plans to ease safety regulations for Hydrogen Refueling Stations (HRS) as part of plans to boost their numbers to 458 by 2030, up from the current 192. Key among the proposed changes is the removal of the requirement for hydrogen equipment to be at least 12 metres away from surrounding buildings. This rule has limited the number of possible locations an HRS can be built, especially in South Korea’s densely populated cities. The government plans to replace the HRS distance restrictions with a new requirement for “protective walls” that must be made of reinforced concrete, concrete blocks and/or steel plates— in order to protect third-party property in the event of an explosion.
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OAC Organizes "New Horizon of Blue: Ocean and Net-Zero from the Perspective of Just Transition" Forum and Performance to Promote Societal Dialogue
Feb. 05 2024
OAC Organizes "New Horizon of Blue: Ocean and Net-Zero from the Perspective of Just Transition" Forum and Performance to Promote Societal Dialogue
Ocean Affairs Council (OAC) hosted the "New Horizon of Blue: Ocean and Net-Zero from the Perspective of Just Transition" forum and the "Negotiating Just Transition in Ocean and Net-Zero" theatrical exhibition from November 4th to 5th, 2023. From a marine perspective, it aims to explore the negotiation path for a mutually beneficial and sustainable net-zero transformation of the environment, society, and economy.
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Vestas Unveils First V174 Offshore Wind Turbine Nacelle in Taiwan
Feb. 02 2024
Vestas Unveils First V174 Offshore Wind Turbine Nacelle in Taiwan
Vestas has completed the first local hub-nacelle assembly and testing of the V174 offshore wind turbine nacelle at its factory in Taichung Port, Taiwan. According to Vestas, following the complete local assembly of hub components in 2023, Vestas has, for the first time, accomplished the merging and testing of nacelles and hubs in Taiwan.
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OMNI Features｜DOE Allocates $131 Million for EVB Research / Northern Sweden's Green Transition Industry Faces the Risk of High Electricity Prices / Taichung District Agricultural Research and Extension Station Implements 3-Stage Carbon Reduction in Rice Production
Feb. 02 2024
OMNI Features｜DOE Allocates $131 Million for EVB Research / Northern Sweden's Green Transition Industry Faces the Risk of High Electricity Prices / Taichung District Agricultural Research and Extension Station Implements 3-Stage Carbon Reduction in Rice Production
The U.S. Department of Energy (DOE) has announced funding of $131 million for truck manufacturers like Cummins and Paccar. This fund aims at battery research, reducing electric truck battery costs, and advancing electric vehicles in the transportation sector. The funding is part of the Biden administration's efforts to diversify the country's battery compositions, seeking cheaper and more accessible components to drive the U.S. energy transition.
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OMNI Features｜Battery Maker Contemporary Amperex Technology to Build Own $1.8bn Offshore Wind Farm / Daewoo E&C Adopts Chinese Installation Vessel for Offshore Wind Project in Korea / EnergyAustralia takes $1.1 billion hit on retail unit as business model shifts
Feb. 02 2024
OMNI Features｜Battery Maker Contemporary Amperex Technology to Build Own $1.8bn Offshore Wind Farm / Daewoo E&C Adopts Chinese Installation Vessel for Offshore Wind Project in Korea / EnergyAustralia takes $1.1 billion hit on retail unit as business model shifts
This week, the Fujian Provincial Development and Reform Commission approved the offshore wind power project of the Chinese battery giant, Contemporary Amperex Technology Co. Limited (CATL), with an investment of 1.8 billion USD and a capacity installation of 800 MW.
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Getting Closer to a Carbon-Free Future: Google's Largest Offshore Wind Projects to Date
Feb. 02 2024
Getting Closer to a Carbon-Free Future: Google's Largest Offshore Wind Projects to Date
Google announce that its Power Purchase Agreements (PPA) for more than 700 MW of clean energy — including its largest offshore wind projects to date in The Netherlands. As a result, over the next couple of years, the company's operations are projected to reach more than 90% carbon-free energy in The Netherlands, Italy and Poland, and close to 85% in Belgium.
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OMNI Features｜South Korea Rjects BlackRock' $7.5 bn Wind Farm Project / Amazon Signs Agreement with ENGIE to Procure 473 MW of Renewable Energy from Scotland Moray West Offshore Wind Farm / TotalEnergies and Air Liquide Launch Hydrogen Mobility Joint Venture with Plans to Build 100 Filling Stations in Europe
Feb. 01 2024
OMNI Features｜South Korea Rjects BlackRock' $7.5 bn Wind Farm Project / Amazon Signs Agreement with ENGIE to Procure 473 MW of Renewable Energy from Scotland Moray West Offshore Wind Farm / TotalEnergies and Air Liquide Launch Hydrogen Mobility Joint Venture with Plans to Build 100 Filling Stations in Europe
According to a South Korea government official on Tuesday, South Korea has slammed the brakes on BlackRock's offshore wind farm project worth around 10 trillion won ($7.5 billion), citing financing uncertainty and an insufficient transmission network for what was set to be the country's largest wind power complex.
