The government is accelerating efforts to develop renewable energy, mainly wind power, to guard against a sustained rise in fuel costs, government officials said yesterday.
Taiwan is an energy-dependent nation that imports 98 percent of its fuel each year.
As a result, skyrocketing prices for oil and coal have weighed on the state-run Taiwan Power Co (Taipower,
Taipower, the nation's sole power supplier, is now paying more than double what it paid for coal a year ago, while the possibility of an impending energy crisis appears to have prompted the government to accelerate efforts to develop homegrown energy sources.
"We hope that by 2010 renewable power will account for 10 percent of the nation's electrical capacity, up from 5.4 percent now," Wang Yunn-ming (
Wang said the Cabinet last month asked Taipower to raise its electricity purchase quota from 30,000 kilowatt per year to 600,000 kilowatt per year at a purchase price of NT$2 per kilowatt hour. The measure will mostly benefit wind-power developers, he added.
As a form of renewable and clean energy that has higher cost efficiency than other renewable power sources such as solar energy and hydraulic power, wind power has been chosen by Taipower, as well as various private companies, as a major energy source to exploit, Wang said.
"We estimate that wind power will make up 80 percent of our 10 percent renewable-energy capacity by 2010," Wang said.
Taipower has already set up four windmills in Penghu County that generate 2,400 kilowatts of electricity per year, and is establishing wind-power stations in Taipei County, Taoyuan County and Hsinchu County, which in total are expected to generate about 100,000 kilowatts of electricity per year, said Yu Sheng-hsiung (
Private companies have been showing high interest in exploiting the nation's rich wind-power resources. Last year, German power company Infra Vest Windpower Corp started to build the nation's largest wind-powered electricity plant in Chiayi County. Under the plan, the company will build 70 wind-turbine generators at the plant, which will be capable of generating 200 million kilowatts per year. The company is scheduled to launch the power plant next year. The company plans to build additional plants in Taoyuan and Changhwa.
One independent power company based in Hsinchu, called Hsin Feng (
Formosa Heavy Industries Corp (
Overall, there will be 200 wind turbines scattered along the west coast of Taiwan within five years, Yu said.
However, wind power still holds risks -- if there's no wind, there's no power.
Therefore, the government will still develop other renewable resources, such as hydraulic power, said Taipower Spokesman Lee Jiin-tyan (
Lee said that though it may cost Taipower NT$10 billion (US$294 million) to repair hydroelectric plants along the Tachia River in Taichung County that were damaged in Tropical Storm Mindulle last month, the company will not give up on that source of clean energy.
Napoleon Osorio is proud of being the first taxi driver to have accepted payment in bitcoin in the first country in the world to make the cryptocurrency legal tender: El Salvador. He credits Salvadoran President Nayib Bukele’s decision to bank on bitcoin three years ago with changing his life. “Before I was unemployed... And now I have my own business,” said the 39-year-old businessman, who uses an app to charge for rides in bitcoin and now runs his own car rental company. Three years ago the leader of the Central American nation took a huge gamble when he put bitcoin
TECH RACE: The Chinese firm showed off its new Mate XT hours after the latest iPhone launch, but its price tag and limited supply could be drawbacks China’s Huawei Technologies Co (華為) yesterday unveiled the world’s first tri-foldable phone, as it seeks to expand its lead in the world’s biggest smartphone market and steal the spotlight from Apple Inc hours after it debuted a new iPhone. The Chinese tech giant showed off its new Mate XT, which users can fold three ways like an accordion screen door, during a launch ceremony in Shenzhen. The Mate XT comes in red and black and has a 10.2-inch display screen. At 3.6mm thick, it is the world’s slimmest foldable smartphone, Huawei said. The company’s Web site showed that it has garnered more than
Demand for artificial intelligence (AI) chips should spur growth for the semiconductor industry over the next few years, the CEO of a major supplier to Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) said, dismissing concerns that investors had misjudged the pace and extent of spending on AI. While the global chip market has grown about 8 percent annually over the past 20 years, AI semiconductors should grow at a much higher rate going forward, Scientech Corp (辛耘) chief executive officer Hsu Ming-chi (許明琪) told Bloomberg Television. “This booming of the AI industry has just begun,” Hsu said. “For the most prominent
PARTNERSHIPS: TSMC said it has been working with multiple memorychip makers for more than two years to provide a full spectrum of solutions to address AI demand Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday said it has been collaborating with multiple memorychip makers in high-bandwidth memory (HBM) used in artificial intelligence (AI) applications for more than two years, refuting South Korean media report's about an unprecedented partnership with Samsung Electronics Co. As Samsung is competing with TSMC for a bigger foundry business, any cooperation between the two technology heavyweights would catch the eyes of investors and experts in the semiconductor industry. “We have been working with memory partners, including Micron, Samsung Memory and SK Hynix, on HBM solutions for more than two years, aiming to advance 3D integrated circuit