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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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Skyborn Secures Approval for 640MW Yunlin Financing Full Installation Progress is Expected to be Completed in 2024
Jan. 03 2024
Skyborn Secures Approval for 640MW Yunlin Financing Full Installation Progress is Expected to be Completed in 2024
The 640MW Yunlin offshore wind project has received the necessary approvals from Taiwanese authorities to enable the successful completion of its financial restructuring. Approvals for the extended financing, announced at the end of August 2023, were awarded by Taiwan's Ministry of Economic Affairs and Energy Administration. Since its financial close in 2019, the Yunlin project has been a key priority for Skyborn Renewables and its partners in the development company Yunneng, consisting of TotalEnergies, Electricity Generating Public Company (EGCO), and Sojitz Corporation.
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Nexif Ratch completes acquisition of operating hydro plant in Lao Cai province, Vietnam Strengthening its renewable portfolio path in APAC
Jan. 02 2024
Nexif Ratch completes acquisition of operating hydro plant in Lao Cai province, Vietnam Strengthening its renewable portfolio path in APAC
Nexif Ratch Energy Investments Pte. Ltd. (Nexif Ratch Energy) announce its successful acquisition of the 30 MW Minh Luong run-of-river hydro power plant with peak hour storage located in Lao Cai province, Vietnam. The acquisition contributes to strengthening the Nexif Ratch Energy portfolio's growth path in renewables and will create a stable and recurring income through a long term PPA.
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Japan's largest-scale offshore wind farmbegins commercial operation With the aim of "ALL JAPAN" to achieve 60% local procurement by 2040
Jan. 02 2024
Japan's largest-scale offshore wind farmbegins commercial operation With the aim of "ALL JAPAN" to achieve 60% local procurement by 2040
One of Japan's largest offshore wind farms has started commercial operation in the prefecture of Hokkaido. Tokyo-based renewable energy company Green Power Investment built the facility in Ishikari Bay, off the coast of western Hokkaido. It has 14 turbines, each of which is 196 meters tall. The wind farm started commercial operation at the start of the year. The facility is estimated to be able to provide electricity for up to 83,000 households. The power will be sold to a local utility company. There are also plans to use the electricity to produce hydrogen, a next-generation power source.
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OMNI Features｜Agreement Between the Dutch Government and Air Liquide on Carbon Dioxide Reduction / MOEA Accelerates Standards for Wind & Solar Energy Storage
Dec. 30 2023
OMNI Features｜Agreement Between the Dutch Government and Air Liquide on Carbon Dioxide Reduction / MOEA Accelerates Standards for Wind & Solar Energy Storage
The Dutch government announced on the 21st that a binding agreement was signed between France's Air Liquide and the Ministry of Economic Affairs and Climate (EZK). The agreement aims to significantly reduce carbon emissions in the Netherlands through tailored methods in the coming years.
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OMNI Features｜Climate Change Linked to GHG Migration Below Permafrost / Strict Thresholds for Energy-Heavy Industries in 2024 / CHT Aims to Implement 100% Net Zero Procurement by 2027
Dec. 29 2023
OMNI Features｜Climate Change Linked to GHG Migration Below Permafrost / Strict Thresholds for Energy-Heavy Industries in 2024 / CHT Aims to Implement 100% Net Zero Procurement by 2027
A study in Norway's Svalbard archipelago indicates methane migrating below the permafrost. While lowland areas with ice-rich permafrost effectively seal gases, highland regions with less ice appear more permeable. Excessive permafrost melting could lead to the escape of greenhouse gas emissions, further exacerbating rising temperatures.
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OMNI Features｜Credit Agricole S.A. Discontinuation of Funding for Fossil Fuel Extraction/ U.K. and A.U. Sign MoU to Promote Energy Transition / Tree Planting Initiative in Jiading Wetland, Kaohsiung City
Dec. 27 2023
OMNI Features｜Credit Agricole S.A. Discontinuation of Funding for Fossil Fuel Extraction/ U.K. and A.U. Sign MoU to Promote Energy Transition / Tree Planting Initiative in Jiading Wetland, Kaohsiung City
Credit Agricole S.A., one of France's largest banks, has declared it will no longer provide loans to any new fossil fuel extraction projects and will selectively support businesses responding to calls for energy transition.
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TPP Dedicates Green Energy and remains Low Carbon Consumption for 2023, Despite Reaching its Air Pollution Peak in 2014
Dec. 26 2023
TPP Dedicates Green Energy and remains Low Carbon Consumption for 2023, Despite Reaching its Air Pollution Peak in 2014
Taipower Company explains that in 2014, Taichung Power Plant (TPP) reached the highest levels of air pollution, coal consumption, and carbon emissions in its history. In recent years, Taipower has been actively addressing these issues through energy transformation, increasing gas and green energy use, and improving air pollution control equipment. The results include a 6 million-ton reduction in coal usage, a more than 60% decrease in air pollution, and a 30% reduction in carbon emissions.
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OMNI Features｜Japan and Saudi Arabia Sign MoU to Ensure Supply of Critical Minerals/ SRF Power Plant Faces Local Oversight / Canada Announces 2035 Regulations for Full Electrification of Light-duty Vehicles
Dec. 26 2023
OMNI Features｜Japan and Saudi Arabia Sign MoU to Ensure Supply of Critical Minerals/ SRF Power Plant Faces Local Oversight / Canada Announces 2035 Regulations for Full Electrification of Light-duty Vehicles
On the 24th, Japan's Minister of Economy, Trade, and Industry, Ken Saito, signed a Memorandum of Understanding (MoU) with Saudi Arabian authorities to assess joint investments in resource-rich countries like Africa. This aims to ensure a stable supply of essential minerals for automotive batteries.
