The government, in line with its green-energy policy, plans to build 1,000 wind turbines off the nation's west coast in the near future, an official said yesterday.
"Developing clean and renewable energy is our policy. We plan to build 1,000 more wind turbines in the near future. They will be built in the sea where the wind is stronger," said Tang Feng, director of the Economics ministry's industrial cooperation program office.
"Out of the 1,000 turbines, 200 will be built by the government and the rest will be built by the private sector," he said.
Taiwan, a late starter in utilizing renewable energy, already has five wind farms built by Vestas of Denmark, GE Wind of the US, Enercon of Germany and Gamesa of Spain.
The country will soon have its sixth wind farm as the state-run Taiwan Power Co (
Vestas, GE Wind, Enercon and Gamesa have expressed interest in the US$52 million contract. The winning bid will be announced tomorrow.
For the first time, the Economics ministry has required the winner of the contract to provide industrial cooperation equivalent to 33 percent of the amount of the contract by way of local purchase, technology transfer, personnel training or research and development.
"Vestas' Taiwan agent Huang Hung-chi said that foreign companies are willing to help Taiwan develop its wind-energy industry.
To many, Tatu City on the outskirts of Nairobi looks like a success. The first city entirely built by a private company to be operational in east Africa, with about 25,000 people living and working there, it accounts for about two-thirds of all foreign investment in Kenya. Its low-tax status has attracted more than 100 businesses including Heineken, coffee brand Dormans, and the biggest call-center and cold-chain transport firms in the region. However, to some local politicians, Tatu City has looked more like a target for extortion. A parade of governors have demanded land worth millions of dollars in exchange
An Indonesian animated movie is smashing regional box office records and could be set for wider success as it prepares to open beyond the Southeast Asian archipelago’s silver screens. Jumbo — a film based on the adventures of main character, Don, a large orphaned Indonesian boy facing bullying at school — last month became the highest-grossing Southeast Asian animated film, raking in more than US$8 million. Released at the end of March to coincide with the Eid holidays after the Islamic fasting month of Ramadan, the movie has hit 8 million ticket sales, the third-highest in Indonesian cinema history, Film
BIG BUCKS: Chairman Wei is expected to receive NT$34.12 million on a proposed NT$5 cash dividend plan, while the National Development Fund would get NT$8.27 billion Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, yesterday announced that its board of directors approved US$15.25 billion in capital appropriations for long-term expansion to meet growing demand. The funds are to be used for installing advanced technology and packaging capacity, expanding mature and specialty technology, and constructing fabs with facility systems, TSMC said in a statement. The board also approved a proposal to distribute a NT$5 cash dividend per share, based on first-quarter earnings per share of NT$13.94, it said. That surpasses the NT$4.50 dividend for the fourth quarter of last year. TSMC has said that while it is eager
‘IMMENSE SWAY’: The top 50 companies, based on market cap, shape everything from technology to consumer trends, advisory firm Visual Capitalist said Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) was ranked the 10th-most valuable company globally this year, market information advisory firm Visual Capitalist said. TSMC sat on a market cap of about US$915 billion as of Monday last week, making it the 10th-most valuable company in the world and No. 1 in Asia, the publisher said in its “50 Most Valuable Companies in the World” list. Visual Capitalist described TSMC as the world’s largest dedicated semiconductor foundry operator that rolls out chips for major tech names such as US consumer electronics brand Apple Inc, and artificial intelligence (AI) chip designers Nvidia Corp and Advanced
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