The government is planning to further raise its solar system installation target this year, from the 130 megawatts set earlier after an increase of 30 percent, and has introduced a new subsidy program in response to growing calls for adoption of clean energy, the Ministry of Economic Affairs said yesterday.
It would form part of the government’s efforts to step up the nation’s green-energy installations to produce 6,600 megawatts of electricity by 2025, five years earlier than its original target of 2030, according to a statement released by the ministry.
The ministry has set a new goal of boosting electricity generated by green energy, including wind farms, by 26 percent to 12,502 megawatts in 2030, from its previous target of 9,952 megawatts. The 12,502 megawatts would be enough to power 8.9 million homes a year, the ministry said.
Last year, total solar-panel installations in the nation reached an annual capacity of 100 megawatts, which was little changed from the previous year.
This year, the ministry “plans to mainly increase solar panel installations on rooftops,” an official from the Bureau of Energy, who requested not to be named, said by telephone yesterday. “We are studying how far we can go in expanding installations.”
The target figures are expected to be released at the end of June, the official said.
At the end of last year, green energy installations in the nation could generate 551 megawatts, with 222.4 megawatts coming from solar energy, the ministry said. That is still a long way from this ministry’s target of producing 3,100 megawatts by 2030.
To boost solar system installations, the ministry has launched a subsidy program that provides local governments with NT$200,000 for every 10 households that install solar systems capable of producing at least 50 megawatts of power. The size of the payments would rise depending on total capacity installed, the ministry said.
The ministry would subsidize the connection of properties with solar panels to the utility grid with a ceiling of NT$100,000 per project.
In 2011, about 45 of the nation's consumed electricity were generated by oil and 34 percent from coal, while only 0.08 percent from solar energy, according to the energy bureau's report. Nuclear power made up a 8.67 percent share, it said.
Polytronics Technology Corp (聚鼎科技) yesterday announced that it is buying Henkel AG’s thermal clad dielectric material (TCLAD) business division for US$26 million as the Taiwanese firm aims to improve its technology, product portfolio and revenue performance. Polytronics, headquartered in the Hsinchu Science Park (新竹科學園區), is a supplier of protection components and heat dissipation materials. The firm entered the metallic heat-dissipation substrate market in 2007 and developed a unique solventless production process. Its board of directors approved signing an agreement with Henkel to acquire the German chemical firm’s TCLAD division in the US. The purchase includes all assets and business interests, including equipment,
SIZE MATTERS: Medium-sized hotels that do not have the support of parent groups are more vulnerable and are forced to take action, a REPro Knight Frank researcher said About 50 hotels across Taiwan are seeking to exit the market as they succumb to the bleak business outlook amid international travel restrictions imposed to combat the COVID-19 pandemic. Yomi Hotel (優美飯店) on Minsheng E Road, Sec 1, in Taipei is seeking to transfer ownership with an asking price of NT$950 million (US$32.15 million) and a pledge for a lease contract that guarantees a 3 percent return. The budget hotel, with room rates that start from NT$1,400 per night, maintains normal operations, but has been struggling since March, when the government placed restrictions on inbound and outbound travel. Occupancy rates for hotels in
With the US dollar expected to weaken in the next 12 months due to near-zero interest rates, investors should consider purchasing US corporate bonds, Standard Chartered Bank Taiwan Ltd (渣打台灣銀行) said on Thursday. The bank said that the US Federal Reserve since last month has been buying bonds issued by US companies to curb default rates. The US dollar is forecast to be weaker against the pound, the euro and the yen, as well as the Canadian dollar, the Swedish krona and the Swiss franc, as the greenback lacks high investment returns after the Fed in March slashed the benchmark interest rate
‘SENSITIVE MARKETS’: The previously unannounced project would involve the company handing over control of data to a third party to sidestep privacy concerns Google has abandoned plans to offer a major new cloud service in China and other politically sensitive countries due in part to concerns over geopolitical tensions and the COVID-19 pandemic, two employees familiar with the matter said, revealing the challenges for US tech giants to secure business in those markets. In May, the search giant shut down the initiative, known as “Isolated Region” and which sought to address nations’ desires to control data within their borders, the employees said. The action was considered a “massive strategy shift,” said one of the employees, who added that Isolated Region had involved hundreds of employees