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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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Taipower and the European Business Council in Taiwan (ECCT) have collaboratively unveiled the "Paving the Way to Net Zero Power Report" further examines the supply-side, electrical grid, and demand-side aspects of energy sector, articulating strategic policy perspectives and proposes solutions for the advancement of sustainable energy development
Dec. 11 2023
Taipower and the European Business Council in Taiwan (ECCT) have collaboratively unveiled the "Paving the Way to Net Zero Power Report" further examines the supply-side, electrical grid, and demand-side aspects of energy sector, articulating strategic policy perspectives and proposes solutions for the advancement of sustainable energy development
Taipower and the European Business Council in Taiwan (ECCT) have collaboratively unveiled the "Paving the Way to Net Zero Power Report" further examines the supply-side, electrical grid, and demand-side aspects of energy sector, articulating strategic policy perspectives and proposes solutions for the advancement of sustainable energy development
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Solar Buoyancy System Developer SUN RISE Elevates Solar Power on Water and the Global Stage
Dec. 04 2023
Solar Buoyancy System Developer SUN RISE Elevates Solar Power on Water and the Global Stage
Established in 1995, SUN RISE stands as a leader in Taiwan's PE industry. The core offerings of SUN RISE include HDPE (High-Density Polyethylene) cage structures, comprehensive technical support, drainage components, PE sheathing, and solar power vehicles. SUN RISE is recognized globally with successful exports to over 50 countries, including Iceland, Denmark, Saudi Arabia, Australia, and Japan. The company's capacity to develop sizeable net cage products, with a maximum diameter of 80 meters, in response to customer demands, coupled with years of accumulated technical prowess, positions it as the second-largest net cage supplier globally (with Norway's AKVA group holding the first position).
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NCGA and Eight Major Banks Extend CPPA Guarantees to 44 Enterprises Under the Green Energy Credit Insurance Mechanism.
Dec. 01 2023
NCGA and Eight Major Banks Extend CPPA Guarantees to 44 Enterprises Under the Green Energy Credit Insurance Mechanism.
The Ministry of Economic Affairs (MOEA) is spearheading the Green Energy Corporate Power Purchase Agreement (CPPA) Credit Insurance Mechanism, which is set to be unveiled soon. The plan involves providing credit guarantees by the eight major domestic banks for the CPPA of electricity purchasing companies. The National Credit Insurance Administration (NCGA) will further reinsure these contracts, offering a 20-year guarantee period.
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IRC MOEA Convenes Second Meeting: Approval of 6 Significant Investment Cases Including Haiding Two and Yunneng Wind Power
Nov. 29 2023
IRC MOEA Convenes Second Meeting: Approval of 6 Significant Investment Cases Including Haiding Two and Yunneng Wind Power
On November 28, 2023, the Investment Review Committee (IRC) at the Ministry of Economic Affairs (MOEA) held its second meeting, during which 6 major investment cases were reviewed, approved, and duly recorded.
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Announcement of Mechanism for Offshore Wind Zonal Development Stage 2 Auction
Nov. 23 2023
Announcement of Mechanism for Offshore Wind Zonal Development Stage 2 Auction
Since September 27, 112 (2023), the Ministry of Economic Affairs (MOEA) has conducted several sessions to elucidate the offshore wind zonal development contract (draft) and sought opinions from various sectors. The MOEA announced the "Offshore Wind Power Zonal Development Site Capacity Allocation Guidelines" today (23) for the zonal development stage 2 auction, presenting flexible approaches to ensure the timely and high-quality completion and commercialization of all future wind farm development projects.
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Iberdrola: Timely Finalization of Zonal Development Phase 2 Selection Regulations Enhances Wind Farm Planning
Nov. 20 2023
Iberdrola: Timely Finalization of Zonal Development Phase 2 Selection Regulations Enhances Wind Farm Planning
The Ministry of Economic Affairs hosted the third Taiwan Offshore Wind Power Zonal Development Phase 2 selection briefing on the 17th. Iberdrola Taiwan emphasized that, from the perspectives of international climate initiatives, trends, and the urgent demand for green energy from Taiwanese businesses, a swift establishment of regulatory frameworks by the government is advantageous. This enables developers, system providers, and suppliers to formulate the most comprehensive plans for wind farm development, encompassing construction, financial, and sustainability considerations.
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2023 BSI International Standard Summit: Focusing on Digital Trust and Sustainable Development to Empower Enterprises in Global Risk Management, Opportunities, and Resilience
Nov. 17 2023
2023 BSI International Standard Summit: Focusing on Digital Trust and Sustainable Development to Empower Enterprises in Global Risk Management, Opportunities, and Resilience
The British Standards Institution (BSI) hosted the 21st "2023 BSI International Standard Summit" on the 14th of this month. BSI experts provided insights into the latest standards and international trends set by the International Organization for Standardization (ISO), covering AI, carbon neutrality, sustainable finance, and management. The summit facilitated discussions on current global and domestic trends in cybersecurity and sustainability, sharing outstanding case studies. The event comprehensively explored the two pillars of organizational resilience: digital trust and sustainable development. Recognition was awarded to 50 outstanding domestic enterprises this year.
