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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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Ørsted Taiwan Launches "Sustainable Innovation Accelerator" Nurturing Talents for Wind Industry
Jan. 18 2024
Ørsted Taiwan Launches "Sustainable Innovation Accelerator" Nurturing Talents for Wind Industry
Ørsted launched the "Sustainable Innovation Accelerator (SIA)" competition today (18) in collaboration with the Metal Industries Research & Development Centre (MIRDC). The competition seeks innovative proposals related to the offshore wind industry. Teams that qualify will receive activation funds and one-on-one guidance from experts in the wind energy sector to optimize their proposals. The winning team can receive a maximum prize of NTD 500,000. Submissions are open from now until April 30.
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OMNI Features｜Turkey Plans to Become EU's 3rd-Largest in Natural Gas Storage Capacity / U.S. Natural Gas Production Hits 11-Month Low Due to Oil Wells Freezing / CPC: Aiming for Profitability in 2024
Jan. 17 2024
OMNI Features｜Turkey Plans to Become EU's 3rd-Largest in Natural Gas Storage Capacity / U.S. Natural Gas Production Hits 11-Month Low Due to Oil Wells Freezing / CPC: Aiming for Profitability in 2024
According to Turkey's Daily Sabah, Turkey is planning to expand its natural gas storage infrastructure and elevate its storage capacity to become the third-largest in Europe in the coming years.
Europe's natural gas storage capacity is approximately 1 trillion cubic meters, with Germany at the top with 240 billion, followed by Italy at 160 billion. Drawing from its rich natural gas experience, Turkey aims to surpass multiple nations by reaching a storage capacity of 14.4 billion cubic meters by 2028, making it the third-largest storage nation in Europe.
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OMNI Features｜Manila Electric Company MGEN to offer 1,500 MW by 2030．Japanese RE Firm Renova to Invest in U.S. RE and Grid Storage Industry
Jan. 17 2024
OMNI Features｜Manila Electric Company MGEN to offer 1,500 MW by 2030．Japanese RE Firm Renova to Invest in U.S. RE and Grid Storage Industry
MGEN said it aimed to strengthen its RE expansion to power the country using a greener energy option. MERALCO is dedicated to carrying out an investment worth Php 18 billion for its RE portfolio, which would encompass capacities from solar and wind.
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OMNI Features｜Exploration of Continental Shelf Mineral Resources Open for Application in Norway / IEA Report: Global Renewable Energy Generation Capacity Soars by 50% in 2023 / TITA Initiates One-stop CBAM Declaration Assistance
Jan. 16 2024
OMNI Features｜Exploration of Continental Shelf Mineral Resources Open for Application in Norway / IEA Report: Global Renewable Energy Generation Capacity Soars by 50% in 2023 / TITA Initiates One-stop CBAM Declaration Assistance
The Ministry of Petroleum and Energy submitted a White Paper to the Norwegian Parliament (The Storting) in 2023 regarding opening mineral resources on the Norwegian continental shelf and managing crucial underwater mineral resources. This includes fundamental research and impact assessments, consolidating multidimensional knowledge of natural resources, the environment, economic activities, and potential impacts in the region. The impact assessment involves the formulation of evaluation plans and public opinion response assessments.
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CSBC Corporation Taiwan Organized the AHTS "Titan Vessel" Naming Ceremony
Jan. 16 2024
CSBC Corporation Taiwan Organized the AHTS "Titan Vessel" Naming Ceremony
CSBC Corporation Taiwan (hereafter CSBC) aimed to enhance the capabilities of domestic wind power engineering vessels. On January 16 this year, CSBC organized the "Anchor Handling Towing Supply Vessel (AHTS) Naming Ceremony." The ceremony was presided over by CSBC Chairman, Wen-Lon Cheng, with Hsueh-Chen Chen serving as the naming guest, naming the vessel "Titan Vessel" (referred to CSBC No.16). The vessel is hoped to become a formidable asset in future maritime projects within the country.
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OMNI Features｜Hywind Scotland Wind Farm to Temporarily Halt Operations for Heavy Maintenance / WindEurope Reveals 17 GW of New Wind Energy Development for 2023 in EU Shortfall from the Annual 30 GW Target Requires Accelerated Progress / Denmark revises 6GW tender materials
Jan. 15 2024
OMNI Features｜Hywind Scotland Wind Farm to Temporarily Halt Operations for Heavy Maintenance / WindEurope Reveals 17 GW of New Wind Energy Development for 2023 in EU Shortfall from the Annual 30 GW Target Requires Accelerated Progress / Denmark revises 6GW tender materials
Hywind Scotland, the World's First Commissioning Floating Offshore Wind Farm, to Temporarily Halt Operations for Heavy Maintenance. Located in the Scottish waters, the floating wind farm, Hywind Scotland, developed by Norwegian developer Equinor, has been in operation for 7 years since 2017, featuring Siemens Gamesa turbines. It recently announced a 3 to 4-month interruption in its commissioning for subsequent maintenance work. Developed by Equinor with approval from the Scottish government in 2015, Hywind Scotland is the world's first commissioning floating offshore wind farm, boasting a capacity of 30MW.
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OMNI Features｜Urgent Need for Grid Expansion in the U.K. to Achieve Net Zero Carbon Goals / Bloomberg Warning - Czech Automobile Industry May Follow in Detroit's Footsteps / Taipei and Kaohsiung Issue Government Sustainable Bonds for MRT Construction
Jan. 12 2024
OMNI Features｜Urgent Need for Grid Expansion in the U.K. to Achieve Net Zero Carbon Goals / Bloomberg Warning - Czech Automobile Industry May Follow in Detroit's Footsteps / Taipei and Kaohsiung Issue Government Sustainable Bonds for MRT Construction
The U.K.'s electricity grid has long been one of the world's most stable and clean grids, with 2022 CO2 emissions one-third less than Germany's grid. According to Guy Newey of Energy Systems Catapult, this results from liberalization and privatization. However, despite its efficient performance, the grid has recently come under the political agenda due to decarbonization requirements and climate change mitigation.
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BlackRock Acquire Global Infrastructure Partners (GIP) Creating a World Leading Infrastructure Private Markets Investment Platform
Jan. 12 2024
BlackRock Acquire Global Infrastructure Partners (GIP) Creating a World Leading Infrastructure Private Markets Investment Platform
BlackRock, Inc. and Global Infrastructure Partners (GIP) jointly announce that they have entered into an agreement for BlackRock to acquire GIP for total consideration of $3 billion of cash and approximately 12 million shares of BlackRock common stock.
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Mining billionaire Andrew Forrest has revealed a $2.75 billion alliance with GE Vernova for wind turbine supply
Jan. 12 2024
Mining billionaire Andrew Forrest has revealed a $2.75 billion alliance with GE Vernova for wind turbine supply
Mining billionaire Andrew Forrest has revealed a $2.75 billion alliance with GE Vernova for wind turbine supply. Australia is aiming to have 82% of the national electricity grid powered by renewable energy by 2030. Squadron Energy Thursday officially started work on the Uungula Wind Farm, the largest wind farm being built in New South Wales.
