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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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Japan Sets Ambitious Goals Opening 2 New Sites for Offshore Wind Development
Jan. 22 2024
Japan Sets Ambitious Goals Opening 2 New Sites for Offshore Wind Development
The Japanese government continues its push for more offshore wind development, opening the third round of project allocations. To shore up the Japanese target of 10 GW within 2030 and to fill the pipeline with new opportunities for both foreign and domestic developers, the Ministry of Economy, Trade, and Industry is now inviting developers to bid on two new sites, totaling 1050 MW.
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Accumulating Capability Over Half a Century: CSBC Moves Towards Diversified Operations
Jan. 22 2024
Accumulating Capability Over Half a Century: CSBC Moves Towards Diversified Operations
CSBC Chairman Wen-Lon Cheng, representing "CSBC Coating Solutions Co., Ltd.," "CSBC Power Technology Co., Ltd," and "CSBC-DEME Wind Engineering Co. Ltd." (hereinafter referred to as CDWE), along with relevant executives from the 3 subsidiaries and joint ventures, held the "Annual Media Banquet" simultaneously in Taipei and Kaohsiung today (22nd). Cheng shared the future vision of the CSBC Group with investors and the community, steering towards a sustainable course for its centennial history.
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Public Hearing for the Draft of FIT Rate and Calculation Formula for 2024 Taiwan Renewable Energy
Jan. 19 2024
Public Hearing for the Draft of FIT Rate and Calculation Formula for 2024 Taiwan Renewable Energy
Initial formulations for the rate calculations in the 2024 Taiwan Renewable Energy FIT Rate Draft have been outlined. A public hearing regarding the calculation formulas is set to take place on January 22.
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OMNI Features｜UK Study Shows AI Technology Could Revolutionise CCS Systems / North Macedonia Proposes Joint Construction of Negotino Gas-hydrogen Power Plant with Neighboring Countries / Taipower Initiates Green Energy Sandbox Project
Jan. 19 2024
OMNI Features｜UK Study Shows AI Technology Could Revolutionise CCS Systems / North Macedonia Proposes Joint Construction of Negotino Gas-hydrogen Power Plant with Neighboring Countries / Taipower Initiates Green Energy Sandbox Project
Research from the university's School of Chemistry and Chemical Engineering demonstrated that when AI and machine learning tools are employed in carbon capture systems, they could capture 16.7% more carbon dioxide (CO₂) from the atmosphere and use 36.3% less energy from the UK's National Grid.
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OMNI Features｜METCentre Announces Tender for Floating Offshore Wind Test Slot．Ørsted Awards Blade Inspection and Repair Contracts with RTS Wind for German Offshore Wind Farms
Jan. 19 2024
OMNI Features｜METCentre Announces Tender for Floating Offshore Wind Test Slot．Ørsted Awards Blade Inspection and Repair Contracts with RTS Wind for German Offshore Wind Farms
The Marine Energy Test Centre (METCentre) for floating offshore wind has an available berth. METCentre is now announcing a tender process with qualitative criteria to ensure that a new test project contributes to positive ripple effects for the offshore wind industry.
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OMNI Features｜Finland's Green Deal Agreement Promotes Zero-Emission Construction Sites / Saudi Arabia and Egypt Sign $1.5 Billion Wind Power Agreement / Taipower Forecasts Industrial Recovery in Q2
Jan. 18 2024
OMNI Features｜Finland's Green Deal Agreement Promotes Zero-Emission Construction Sites / Saudi Arabia and Egypt Sign $1.5 Billion Wind Power Agreement / Taipower Forecasts Industrial Recovery in Q2
Finland's "Voluntary Green Deal Agreement" is making significant progress toward achieving zero emissions in construction zones. All construction companies consider zero emissions at construction sites a crucial aspect of their operations. Utilizing monitoring systems, over half of the construction areas operate heavy machinery with no fossil fuel, reducing harmful exhaust emissions.
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OMNI Features｜Transition Bonds Issued by Kawasaki Set to Drive Advancements in Hydrogen Projects．Iberdrola and NBIM Boost Alliance with €2B Renewable Energy Investment / Barclays Establishes Energy Transition Group to Support Net Zero
Jan. 18 2024
OMNI Features｜Transition Bonds Issued by Kawasaki Set to Drive Advancements in Hydrogen Projects．Iberdrola and NBIM Boost Alliance with €2B Renewable Energy Investment / Barclays Establishes Energy Transition Group to Support Net Zero
Japan's Kawasaki Heavy Industries is set to issue transition bonds, with funds raised through public offerings of these bonds domestically within Japan to be used for projects related to the clean transport and storage of hydrogen and clean energy utilization of hydrogen. Specific solutions include liquefied hydrogen carriers, liquefied hydrogen storage tanks and hydrogen gas turbines for power generation. Kawasaki announced its first transition bond issuance as a means of financing via the fund-raising framework "Master Framework Agreement (MSA) [1]," which the company established in November 2023. The bond issuance amounts to ¥10 billion ($68.55 million), with the issuance period planned for February 2024. The bond term is 5 years.
