The government has drafted a plan to increase renewable energy generation capacity to 10 percent of Taiwan's total power generation capacity and create an annual output value of NT$159 billion (US$4.9 billion) by 2010, a government official said yesterday.
Minister without Portfolio Lin Ferng-ching (林逢慶) made the remarks while speaking on the nation's strategy for renewable energy technology development at the 2007 Strategic Review Board (SRB) meeting, which opened on Monday under the auspices of the Cabinet's Science and Technology Advisory Group.
In line with global energy development trends, the government will seek to integrate all resources to systematically develop renewable energy technologies with a view to stepping up the nation's industrial efficiency, Lin said.
Alex Tong (
Noting that Taiwan enjoys abundant wind resources, Tong said that in addition to at least 1,600MW in inland wind power generation potential, the extent of the nation's maritime wind power generation is estimated at roughly 3,200MW -- for a total of 4,800MW.
He said that this would bring NT$200 billion in trade opportunities for investors.
WEAKER ACTIVITY: The sharpest deterioration was seen in the electronics and optical components sector, with the production index falling 13.2 points to 44.5 Taiwan’s manufacturing sector last month contracted for a second consecutive month, with the purchasing managers’ index (PMI) slipping to 48, reflecting ongoing caution over trade uncertainties, the Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) said yesterday. The decline reflects growing caution among companies amid uncertainty surrounding US tariffs, semiconductor duties and automotive import levies, and it is also likely linked to fading front-loading activity, CIER president Lien Hsien-ming (連賢明) said. “Some clients have started shifting orders to Southeast Asian countries where tariff regimes are already clear,” Lien told a news conference. Firms across the supply chain are also lowering stock levels to mitigate
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Six Taiwanese companies, including contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC), made the 2025 Fortune Global 500 list of the world’s largest firms by revenue. In a report published by New York-based Fortune magazine on Tuesday, Hon Hai Precision Industry Co. (better known as Foxconn) ranked highest among Taiwanese firms, placing 28th with revenue of US$213.69 billion. Up 60 spots from last year, TSMC rose 60 places to reach No. 126 with US$90.16 billion in revenue, followed by Quanta Computer Inc. at 348th, Pegatron Corp. at 461st, CPC Corp., Taiwan at 494th and Wistron Corp. at 496th. According to Fortune, the world’s
DIVERSIFYING: Taiwanese investors are reassessing their preference for US dollar assets and moving toward Europe amid a global shift away from the greenback Taiwanese investors are reassessing their long-held preference for US-dollar assets, shifting their bets to Europe in the latest move by global investors away from the greenback. Taiwanese funds holding European assets have seen an influx of investments recently, pushing their combined value to NT$13.7 billion (US$461 million) as of the end of last month, the highest since 2019, according to data compiled by Bloomberg. Over the first half of this year, Taiwanese investors have also poured NT$14.1 billion into Europe-focused funds based overseas, bringing total assets up to NT$134.8 billion, according to data from the Securities Investment Trust and Consulting Association (SITCA),
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