Danish fund Copenhagen Infrastructure Changfang II K/S yesterday received approval to invest NT$523.5 million (US$16.97 million) to facilitate offshore wind turbine installations at Copenhagen Infrastructure Partners’ (CIP) unit in Changhua County, the Investment Commission said.
The approval came after the Ministry of Economic Affairs on Thursday proposed cutting the feed-in tariff by 12.71 percent over the next 20 years, which was considered “unacceptable” by most offshore wind energy developers, including CIP.
“The approval will be canceled if CIP does not execute the investment plan within next 12 months,” Investment Commission spokesperson Yang Shu-ling (楊淑玲) said by telephone.
CIP has expressed concern over the new tariff and said it would reassess the planned investment.
CIP said it has inked NT$20 billion procurement agreements with local manufacturers.
Renewable energy seemed to occupy commission officials yesterday, as they also gave the green light to a NT$300 million investment plan submitted by CS Wind, a South Korean offshore and onshore wind tower supplier.
The comission also gave Dutch company Axia Power Holdings BV the go-ahead to add NT$580.5 million to its renewable energy unit in Taiwan, which operates as an independent power producer.
Meanwhile, MediaTek Inc (聯發科), the nation’s biggest handset chip designer, won the commission’s approval to invest US$20.91 million in its Chinese software developing arm, Nephos (Hefei) Ltd (擎發通訊合肥科技).
That brought MediaTek’s aggregate investment in Nephos to NT$100 million, with its shareholding rising to 84.47 percent, the commission said.
Electronics manufacturing service provider Wistron Corp (緯創) was granted the permission to wire US$55 million to its subsidiary in Singapore, while Ta Chen Stainless Pipe Co (大城不鏽鋼) received the commission’s approval to inject an additional US$280 million into its US subsidiary.
Intel Corp chief executive officer Lip-Bu Tan (陳立武) is expected to meet with Taiwanese suppliers next month in conjunction with the opening of the Computex Taipei trade show, supply chain sources said on Monday. The visit, the first for Tan to Taiwan since assuming his new post last month, would be aimed at enhancing Intel’s ties with suppliers in Taiwan as he attempts to help turn around the struggling US chipmaker, the sources said. Tan is to hold a banquet to celebrate Intel’s 40-year presence in Taiwan before Computex opens on May 20 and invite dozens of Taiwanese suppliers to exchange views
Application-specific integrated circuit designer Faraday Technology Corp (智原) yesterday said that although revenue this quarter would decline 30 percent from last quarter, it retained its full-year forecast of revenue growth of 100 percent. The company attributed the quarterly drop to a slowdown in customers’ production of chips using Faraday’s advanced packaging technology. The company is still confident about its revenue growth this year, given its strong “design-win” — or the projects it won to help customers design their chips, Faraday president Steve Wang (王國雍) told an online earnings conference. “The design-win this year is better than we expected. We believe we will win
Quanta Computer Inc (廣達) chairman Barry Lam (林百里) is expected to share his views about the artificial intelligence (AI) industry’s prospects during his speech at the company’s 37th anniversary ceremony, as AI servers have become a new growth engine for the equipment manufacturing service provider. Lam’s speech is much anticipated, as Quanta has risen as one of the world’s major AI server suppliers. The company reported a 30 percent year-on-year growth in consolidated revenue to NT$1.41 trillion (US$43.35 billion) last year, thanks to fast-growing demand for servers, especially those with AI capabilities. The company told investors in November last year that
Power supply and electronic components maker Delta Electronics Inc (台達電) yesterday said it plans to ship its new 1 megawatt charging systems for electric trucks and buses in the first half of next year at the earliest. The new charging piles, which deliver up to 1 megawatt of charging power, are designed for heavy-duty electric vehicles, and support a maximum current of 1,500 amperes and output of 1,250 volts, Delta said in a news release. “If everything goes smoothly, we could begin shipping those new charging systems as early as in the first half of next year,” a company official said. The new
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