The Ministry of Economic Affairs on Friday said it expects the nation to obtain 15.1 percent of its electricity from renewable sources by 2025, falling short of a 20 percent target set by President Tsai Ing-wen (蔡英文) in 2016.
The Taiwan Energy Statistics Year Book report, published on Friday by the Bureau of Energy, said that the share of renewables in the nation’s electricity mix had increased to 6 percent by the end of last year and is expected to reach 8 percent by the end of this year.
After taking office in 2016 — when renewables accounted for 4.1 percent of Taiwan’s electricity mix — Tsai laid out plans to obtain 20 percent of the nation’s electricity from renewables by 2025, with 50 percent coming from natural gas and 30 percent from coal.
Photo: CNA
The plan was part of a campaign promise to phase out the country’s three remaining nuclear power plants, which provided about 9.6 percent of Taiwan’s electricity last year.
The report blamed the target shortfall on increasing demand for electricity.
Electricity consumption last year rose 4.5 percent from a year earlier, driven by increased production in the manufacturing sector after the global economy rebounded from the COVID-19 pandemic, the report said.
Meanwhile, integrating renewable energy sources into the grid in a way that allows them to operate at full capacity remains a challenge, with grid connections for renewable sources not expected to be completed until the end of 2025, it said.
The government is now hoping to realize Tsai’s 20 percent target by October 2026, it added.
By utilizing power generation from offshore wind farms, solar projects and biofuel energy, the government aims to increase the share of renewables to 21 percent in 2027 and 23 percent in 2028, the report said.
As of the end of last year, the nation’s total solar installation only reached 7.7 gigawatt (GW), missing the government’s target of 8.75GW, energy bureau data showed.
It was the third consecutive year Taiwan failed to meet its solar installation goal.
The 2020 target was 6.5GW, but only 5.82GW was operational at the end of that year, the data showed.
To achieve the government’s 2025 target of 20GW from solar installations, it must annually add a capacity of 3GW from this year.
However, the nation’s newly added capacity was 680 megawatt in the first five months of the year, reaching only 22.7 percent of the year’s target, with accumulated installation of 8.38GW far below the government’s expectations.
Companies in the solar industry attributed the slower-than-expected adoption to soaring raw material prices, logistics bottlenecks caused by COVID-19 lockdowns in China, worldwide port congestion and surging freight rates.
The bureau said it had launched several measures to encourage solar installation, including on June 28, announcing it would maintain its solar feed-in tariffs for the second half of the year, citing rising installation costs.
It also started requiring rooftop solar system installation on suitable buildings, regardless of whether they are newly built, extensions or reconstructions, it added.
Additional reporting by Chen Cheng-hui
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
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
Vanguard International Semiconductor Corp (世界先進) and Episil Technologies Inc (漢磊) yesterday announced plans to jointly build an 8-inch fab to produce silicon carbide (SiC) chips through an equity acquisition deal. SiC chips offer higher efficiency and lower energy loss than pure silicon chips, and they are able to operate at higher temperatures. They have become crucial to the development of electric vehicles, artificial intelligence data centers, green energy storage and industrial devices. Vanguard, a contract chipmaker focused on making power management chips and driver ICs for displays, is to acquire a 13 percent stake in Episil for NT$2.48 billion (US$77.1 million).