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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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Wind Energy and Environmental Education Exhibition kicks off at the 'Changhua Flower Festival'
Jan. 28 2023
Wind Energy and Environmental Education Exhibition kicks off at the 'Changhua Flower Festival'
The theme of the exhibition is "Offshore Wind Farm - Favorable Winds in a Whirl of Energy", and it will incorporate imagery of wind energy and knowledge of renewable energy into the design, using 100% recyclable iron structures and local plants.
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Ørsted Taiwan Responds to 'Changhua Flower Festival' Campaign during the Lunar New Year
Jan. 20 2023
Ørsted Taiwan Responds to 'Changhua Flower Festival' Campaign during the Lunar New Year
In response to the "Changhua Flower Festival" event held by the Changhua County Government during the Spring Festival, the global sustainable energy leader Ørsted responded to the "Changhua Flower Festival" event
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Vestas Wind Systems A/S invest $300 Million in South Korea, Considering Relocation of Asian Headquarters from Singapore and Joint Venture with CS Wind
Jan. 19 2023
Vestas Wind Systems A/S invest $300 Million in South Korea, Considering Relocation of Asian Headquarters from Singapore and Joint Venture with CS Wind
The world’s largest wind turbine maker, Vestas Wind Systems A/S, Chief Executive Henrik Andersen announced that Vestas Wind would invest $300 million in South Korea on the sidelines of the World Economic Forum (WEF), also known as the Davos Forum in Switzerland on the 18th of January, and positively consider relocating its Singapore-based Asia-Pacific headquarters to Korea, and according to officials said, candidates for the plant site include coastal cities such as Ulsan and Mokpo.
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TECO Acquires 100% Equity Stake of TaiPeng Energy to Expand into Solar Energy Storage Market
Jan. 19 2023
TECO Acquires 100% Equity Stake of TaiPeng Energy to Expand into Solar Energy Storage Market
TECO announced on the 16th of this month that its subsidiary, An Neng Energy, will acquire 100% of the shares of Tai \Peng Energy Technology, a subsidiary of Shine Energy.
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【SOIC x CR】Ship And Ocean Industries R&D Center and CR Classification Society signed a MOU
Jan. 19 2023
【SOIC x CR】Ship And Ocean Industries R&D Center and CR Classification Society signed a MOU
Ship And Ocean Industries R&D Center (SOIC) and CR Classification Society signed a memorandum of understanding (MOU) on 18th of January for cooperation on floating wind power. In response to the development of deep-water floating wind in the future, both parties will integrate and share resources to jointly promote the development of the floating wind industry in our country.
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SOIC Sign Memorandum of Cooperation (MoU) for cooperation on floating wind power
Jan. 19 2023
SOIC Sign Memorandum of Cooperation (MoU) for cooperation on floating wind power
SOIC and CR Classification Society signed a MOU on the 18th of January for cooperation on floating wind power.
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Revision of Offshore Floating Wind Farm Demonstration Plan Extends Grid Connection to 2028
Jan. 18 2023
Revision of Offshore Floating Wind Farm Demonstration Plan Extends Grid Connection to 2028
MOEA-BOE held a "Explanatory Meeting for Floating Wind Demonstration Project Conference" on January 18th and revised the contents of the demonstration project for floating wind farms.
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Formosa 4 Receives Allocation for Phase3 Zonal Development Capacity, Urges Early Announcement of Bid Rules to Accelerate Net Zero Emission Goals
Jan. 17 2023
Formosa 4 Receives Allocation for Phase3 Zonal Development Capacity, Urges Early Announcement of Bid Rules to Accelerate Net Zero Emission Goals
SRE announced that the Formosa 4 has been allocated 495 MW of development capacity by the MOEA in the first round of auction for Phase 3 Zonal Development of Offshore Wind.
