Taiwan Power Co (Taipower, 台電) expects to complete the nation’s biggest solar plant by the end of August next year, doubling the state-run utility’s capacity to produce electricity from sunlight.
The 4.6-megawatt plant will boost Taipower’s installed solar capacity to more than 9 megawatts, chief engineer Tu Yueh-yuan (杜悅元) said yesterday. One megawatt is enough to power 800 US homes.
Taiwan is seeking to tap renewable sources of energy to help cut carbon emissions.
Fortune Electric Co (華城電機) is building the plant in Kaohsiung County at a cost of NT$649 million (US$20 million), while Suntech Power Holdings Co (尚德太陽能) will supply the solar panels, Tu said.
To spur renewable energy use, the government set minimum wholesale prices in December for electricity generated by solar panels and wind turbines at levels higher than for power from fossil fuels.
In June lawmakers approved the Renewable Energy Development Act (再生能源發展條例), designed to help cut carbon emissions and reduce dependence on imports, according to the Bureau of Energy.
Taiwan relies on overseas shipments for about 99 percent of its energy needs.
“We’ll continue to build solar plants,” Tu said, without giving details.
The government owns 97 percent of Taipower, which generates about 75 percent of the electricity the nation uses.
Suntech Power, based in Jiangsu, China, is the world’s largest maker of polysilicon solar-power modules.
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
NEW PRODUCTS: MediaTek plans to roll out new products this quarter, including a flagship mobile phone chip and a GB10 chip that it is codeveloping with Nvidia Corp MediaTek Inc (聯發科) yesterday projected that revenue this quarter would dip by 7 to 13 percent to between NT$130.1 billion and NT$140 billion (US$4.38 billion and US$4.71 billion), compared with NT$150.37 billion last quarter, which it attributed to subdued front-loading demand and unfavorable foreign exchange rates. The Hsinchu-based chip designer said that the forecast factored in the negative effects of an estimated 6 percent appreciation of the New Taiwan dollar against the greenback. “As some demand has been pulled into the first half of the year and resulted in a different quarterly pattern, we expect the third quarter revenue to decline sequentially,”
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),