More than 500 million kilowatt-hours (kWh) are likely to be sold through a Taiwan Renewable Energy Certification Center program through the end of this year, driven by intense corporate demand for green energy, the Bureau of Standards, Metrology and Inspections (BSMI) said yesterday.
The Ministry of Economic Affairs’ bureau administers the Taiwan Renewable Energy Certificate (T-REC) program.
Each certificate represents 1,000kWh of electricity from renewable sources.
The first deals were announced in May, with Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) being the biggest buyer, the bureau said in a news release.
Speaking to the Taipei Times by telephone, BSMI division director Huang Chih-wen (黃志文) said that pent-up corporate demand for green energy explains the program’s quick adoption.
“A lot of the deals were in the works long before we opened the T-REC platform,” Huang said. “As soon as they saw that the first batch of transactions went smoothly, everybody jumped in.”
While the first batch involved mostly solar power, most of the upcoming deals will be from onshore wind projects, Huang said.
“We anticipate reaching 500 million kilowatt hours by the end of the year,” Huang said, adding that the exact schedule is uncertain because parties take their time before signing deals, which run for up to 20 years.
TSMC in May bought 38,259 certificates of the 38,318 available, the center’s Web site showed.
TSMC in July signed the Climate Group’s global RE100 pledge, promising to be “committed to 100 percent renewable electricity” by 2050.
Also in July, the firm inked the world’s largest corporate power purchase agreement with Danish energy giant Orsted A/S, buying all of the energy generated from Orsted’s 920 megawatt wind farm off Changhua County for its 20 year lifespan.
The bureau’s role includes working with Taiwan Power Co (Taipower, 台電) to track green electricity generators connected to the Taipower grid and electricity from the grid that goes to a green energy buyer.
Taipower charges NT$0.058 per kilowatt hour to “wheel” energy from renewable sources through its grid from supplier to producer.
An amendment last year to the Renewable Energy Development Act (再生能源發展條例) provided the legislative structure for T-REC, Huang said.
“The independent power producers are protected,” Huang said. “They can leave Taipower to sell their electricity to corporate offtakers at a higher price, but they have the option to return to Taipower at any time at the same rate that they were getting before they left.”
Apple Inc’s iPhone 13 debut was met with a stock slump on Tuesday, keeping with a tradition of poor share price performance on the day new devices are unveiled. Shares of the technology giant sank after Apple executives, including chief executive officer Tim Cook, presented the new lineup of phones and other devices. The stock fell 1 percent to close at US$148.12 in New York trading. Prior to Tuesday, Apple’s shares fell on three-quarters of the days Apple unveiled new iPhones, data compiled by Bloomberg showed. Excluding Apple’s 8.3 percent rally on the day cofounder Steve Jobs announced the first iPhone in
As Google expands its footprint in Taiwan, it plans to recruit software and hardware talent for its Google Nest smart device team, a chip development team, and teams to support its Pixel and Chromebook products, Google Taiwan said yesterday. Supply chain management talent will also be in demand, the company said at an online event. “There will always be openings for software engineers, hardware engineers and project managers,” Google Taiwan human resources head Vanessa Lu (呂亞樵) said. “The strength of the Taiwanese industry is very clear,” Lu said, adding that the company would continue to invest in Taiwan. Lu also doused some
BEATING SCHEDULE: Government plans are for nacelle assemblies to be totally local from next year, but Orsted Taiwan said that it was going ‘above and beyond’ Wind turbine manufacturer Siemens Gamesa Renewable Energy SA yesterday inaugurated Taiwan’s first nacelle assembly plant at the Port of Taichung, its first assembly facility for offshore nacelles outside Europe. Vice Premier Shen Jong-chin (沈榮津), a long-time champion of Taiwan’s ambitions to become a regional hub in the offshore wind farm industry, described the plant as a “milestone” at a ceremony at the plant. “The completion of Siemens Gamesa’s nacelle assembly plant is a milestone for the development of the offshore wind farm industry in Taiwan and a step toward localizing the supply chain,” Shen said. “This is only the beginning. My great hope
ROBUST DEMAND: 5G, AI and Internet of Things technologies are driving growth and employment, as the company plans a new plant in Hsinchu County Contract electronics manufacturer Wistron Corp (緯創) plans to invest about NT$11.1 billion (US$400.58 million) in Taiwan, in line with its global deployment strategy, the Ministry of Economic Affairs said on Friday. The company’s investment is also a demonstration of robust demand for 5G, artificial intelligence (AI) and Internet of Things applications, the ministry said in a statement. Wistron, spun off from Acer Inc (宏碁) in 2001, is a notebook computer original design manufacturing partner to major PC brands. The company, which is based in Taipei’s Neihu District (內湖), also produces servers, data storage devices, game consoles and communications products for brand clients