By Ryder Niu
April 5, 2023
Taiwan, a small island nation off the coast of China, has been making strides towards becoming a hub for green energy technology in recent years. As concerns about climate change continue to grow, Taiwan has recognized the need to transition away from fossil fuels and towards more sustainable energy sources. The government has been actively promoting the development of green energy, with a particular emphasis on wind and solar power.
One of Taiwan’s most notable efforts in this area has been the construction of the Formosa 1 wind farm, which is located off the coast of Miaoli County. The wind farm began operating in 2017 and currently has a capacity of 128 megawatts. Taiwan has also announced plans to build a second and larger offshore wind farm, with a planned capacity of 640 megawatts.
In addition to wind power, Taiwan has also been promoting the development of solar energy. The government has set a target of installing 20 gigawatts of solar capacity by 2025, which would make it one of the largest solar markets in the world. Taiwan’s solar industry has also been innovating in the field of photovoltaics, with companies such as TSMC developing advanced solar cell technology.
Taiwan’s efforts to become a hub for green energy technology have not gone unnoticed by the international community. In 2020, the World Economic Forum ranked Taiwan as the fifth most competitive economy in the world when it comes to renewable energy. The report noted that Taiwan has a well-developed supply chain for renewable energy components and a strong commitment to reducing carbon emissions.
One factor that has helped Taiwan’s green energy industry to thrive is the government’s policies and incentives. The government offers subsidies and tax breaks for renewable energy projects, and has also created a feed-in tariff system that guarantees a certain price for energy generated by renewable sources. These policies have helped to attract investment in the green energy sector and have encouraged the development of new technologies.
Taiwan’s green energy industry has also been aided by its strong manufacturing sector. Many of the components for wind turbines and solar panels are manufactured in Taiwan, which has a highly skilled workforce and advanced manufacturing capabilities. This has helped to make Taiwan a leader in the global green energy supply chain.
In conclusion, Taiwan has made significant strides in becoming a hub for green energy technology. Its government has been promoting the development of wind and solar power, and has created policies and incentives to attract investment in the sector. Taiwan’s strong manufacturing sector has also helped to make it a leader in the global green energy supply chain. With its commitment to reducing carbon emissions and its innovative companies, Taiwan is well-positioned to continue to grow its green energy industry in the coming years.