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.
Taichung reported the steepest fall in completed home prices among the six special municipalities in the first quarter of this year, data compiled by Taiwan Realty Co (台灣房屋) showed yesterday. From January through last month, the average transaction price for completed homes in Taichung fell 8 percent from a year earlier to NT$299,000 (US$9,483) per ping (3.3m²), said Taiwan Realty, which compiled the data based on the government’s price registration platform. The decline could be attributed to many home buyers choosing relatively affordable used homes to live in themselves, instead of newly built homes in the city’s prime property market, Taiwan Realty
The government yesterday approved applications by Alphabet Inc’s Google to invest NT$27.08 billion (US$859.98 million) in Taiwan, the Ministry of Economic Affairs said in a statement. The Department of Investment Review approved two investments proposed by Google, with much of the funds to be used for data processing and electronic information supply services, as well as inventory procurement businesses in the semiconductor field, the ministry said. It marks the second consecutive year that Google has applied to increase its investment in Taiwan. Google plans to infuse NT$25.34 billion into Charter Investments Ltd (特許投資顧問) through its Singapore-based subsidiary Fructan Holdings Singapore Pte Ltd, and
Micron Technology Inc is a driving force pushing the US Congress to pass legislation that would put new export restrictions on equipment its Chinese competitors use to make their chips, according to people familiar with the matter. A US House of Representatives panel yesterday was to vote on the “MATCH Act,” a bill designed to close gaps in restrictions on chipmaking equipment. It would also pressure foreign companies that sell equipment to Chinese chipmaking facilities to align with export curbs on US companies like Lam Research Corp and Applied Materials Inc. The bill targets facilities operated by China’s ChangXin Memory Technologies Inc
Singapore-based ride-hailing and delivery giant Grab Holdings’ planned acquisition of Foodpanda’s Taiwan operations has yet to enter the formal review stage, as regulators await supplementary documents, the Fair Trade Commission (FTC) said yesterday. Acting FTC Chairman Chen Chih-min (陳志民) told the legislature’s Economics Committee that although Grab submitted its application on March 27, the case has not been officially accepted because required materials remain incomplete. Once the filing is finalized, the FTC would launch a formal probe into the deal, focusing on issues such as cross-shareholding and potential restrictions on market competition, Chen told lawmakers. Grab last month announced that it would acquire
RSS