In her opening speech of Energy Taiwan 2020 President Tsai Ing-wen noted yesterday that Taiwanese efforts to develop renewable energy have begun to yield substantive results.
By the year 2025, she expects to generate NT$1 trillion in investments, NT$1.2 trillion in output value, and 20,000 job opportunities. Taiwan will employ key development strategies to make Taiwan a green energy development center for Asia, the president said.
It was the fourth time the president attended Energy Taiwan and she noticed that Taiwan has become an important hot spot for international investment in renewable energy.
Last year, Taiwan’s first offshore wind farm was commissioned off the coast of Miaoli. Between 2020 and 2025, President Tsai Ing-wen expects to complete the construction of an additional 14 wind farms. The wind farm commissioned last year has attracted groups from Japan and Korea to observe our experience, highlighting Taiwan’s role as a leader in Asian offshore wind power development.
“In the future, we will employ three key development strategies to make Taiwan a green energy development center for Asia,” Tsai said. “The first strategy is to propose a clear direction for long-term development to give foreign and domestic vendors more confidence in their long-term investments.”
The Taiwanese government will set up the most efficient and stable collaboration mechanism to enhance long-term cooperation with international partner firms and promote development. She will conduct zonal development business recruitment as soon as possible to ensure that key industry resources like personnel, shipping, and supply production capacity are all in place, so that Taiwan can maintain its status as a leading center of green energy in the Asia-Pacific region.
The second strategy is to plan comprehensive green energy supply chains and complete supporting measures for the industry. President Tsai Ing-wen said: “We have already assessed our domestic green energy supply chains. In addition to localizing production, we need to take the next step to allow Taiwanese and international companies to join forces and penetrate international markets. We also need to raise the standards of our domestic companies in offshore water foundations, power facilities, wind turbines, and maritime construction to both supply domestic needs and enter international markets.”
The third strategy is to make every effort to ensure a stable supply of green energy, so that Taiwan’s high-tech industries will definitely enjoy a competitive advantage as global supply chains are realigned. Strengthening Taiwan’s green power competitiveness will also strengthen the future competitiveness of Taiwan’s industries. The best example is Taiwan Semiconductor Manufacturing Company (TSMC), which purchased 920 megawatts of green energy this year from Ørsted Wind Power’s offshore wind facility. Major international firms are all setting renewable energy usage requirements for their supply chains. Some enterprises even demand that product manufacturing processes use 100% renewable energy.