The first Taiwan-made solar energy charging station for electric bicycles is to become operational in Liberty State Park in Jersey City, New Jersey, in spring next year, the Ministry of Economic Affairs said yesterday.
“From the rooftop solar panels, lithium-ion battery pack to the rubber floor, we gathered 10 Taiwanese companies to build this off-grid eco-friendly power station,” Vice Minister of Economic Affairs Yang Wei-fu (楊偉甫) told a media event at the annual PV Taiwan exhibition in Taipei.
The project came after the ministry last year inked a memorandum of understanding with US bicycle rental company Bike and Roll LLC to build a customized green-energy charging station for electric bicycles, Green Trade Project Office (GTPO) Deputy Director Wen Lih-chyi (溫麗琪) said.
“This is a chance for the nation to promote and integrate Taiwan’s green products and services in overseas markets,” Wen said.
She said the Eco-Power Station is an off-grid system that is entirely powered by solar energy and can operate around the clock without interruption.
The unit, which cost US$100,000 to build, is housed inside a renovated shipping container and its roof is covered with thin-film solar panels, Wen said.
The station can supply power to 10 electric bikes at a time, she added.
Users can easily monitor the station’s supply of electricity through an integrated smart energy management system and cloud-monitoring technology, she said.
While Bike and Roll and the office have not yet agreed on a payment method, the agency plans to charge the firm based on how much electricity it is able to conserve thanks to the Eco-Power Station, Wen said.
Last year, the US was the country with the largest installed solar power capacity, and it boasts great business opportunities for Taiwan’s solar power industry, Wen said, citing Industrial Economics and Knowledge Center statistics.
“The GTPO will continue to work with Bike and Roll to expand our reach in the US,” she said. “The next location we have in mind is Central Park in New York City.”
On top of exploring business opportunities in the US, Wen said she recently visited France to discuss different green energy solutions Taiwanese firms could offer, adding that such facilities do not necessarily have to be charging stations for electric bicycles, as solar energy stations have a variety of possible applications for daily use.
The office can pick the most suitable Taiwanese manufacturers and integrate their products and services to offer the most efficient green energy solutions to meet a client’s requirements, she said.
The US dollar was trading at NT$29.7 at 10am today on the Taipei Foreign Exchange, as the New Taiwan dollar gained NT$1.364 from the previous close last week. The NT dollar continued to rise today, after surging 3.07 percent on Friday. After opening at NT$30.91, the NT dollar gained more than NT$1 in just 15 minutes, briefly passing the NT$30 mark. Before the US Department of the Treasury's semi-annual currency report came out, expectations that the NT dollar would keep rising were already building. The NT dollar on Friday closed at NT$31.064, up by NT$0.953 — a 3.07 percent single-day gain. Today,
‘SHORT TERM’: The local currency would likely remain strong in the near term, driven by anticipated US trade pressure, capital inflows and expectations of a US Fed rate cut The US dollar is expected to fall below NT$30 in the near term, as traders anticipate increased pressure from Washington for Taiwan to allow the New Taiwan dollar to appreciate, Cathay United Bank (國泰世華銀行) chief economist Lin Chi-chao (林啟超) said. Following a sharp drop in the greenback against the NT dollar on Friday, Lin told the Central News Agency that the local currency is likely to remain strong in the short term, driven in part by market psychology surrounding anticipated US policy pressure. On Friday, the US dollar fell NT$0.953, or 3.07 percent, closing at NT$31.064 — its lowest level since Jan.
Hong Kong authorities ramped up sales of the local dollar as the greenback’s slide threatened the foreign-exchange peg. The Hong Kong Monetary Authority (HKMA) sold a record HK$60.5 billion (US$7.8 billion) of the city’s currency, according to an alert sent on its Bloomberg page yesterday in Asia, after it tested the upper end of its trading band. That added to the HK$56.1 billion of sales versus the greenback since Friday. The rapid intervention signals efforts from the city’s authorities to limit the local currency’s moves within its HK$7.75 to HK$7.85 per US dollar trading band. Heavy sales of the local dollar by
The Financial Supervisory Commission (FSC) yesterday met with some of the nation’s largest insurance companies as a skyrocketing New Taiwan dollar piles pressure on their hundreds of billions of dollars in US bond investments. The commission has asked some life insurance firms, among the biggest Asian holders of US debt, to discuss how the rapidly strengthening NT dollar has impacted their operations, people familiar with the matter said. The meeting took place as the NT dollar jumped as much as 5 percent yesterday, its biggest intraday gain in more than three decades. The local currency surged as exporters rushed to