Background of Business Development

On November 3, 2011, the President announces the new energy policy is that the vision for energy development requires that we “ensure nuclear safety, gradually reduce reliance on nuclear power, and create a green power and low-carbon environment to become a nuclear-free country”. In addition, under the three major principles of “no power rationing, maintaining reasonable power prices, and making good on our pledges to the international community to reduce carbon emissions”, the government will implement proactive policies to reduce energy consumption, carbon emissions and stable power supply in order to gradually reduce reliance on nuclear power. Regarding to creating a green energy environment, it could be promoted by energy saving, and low-carbon energy development.

Renewable energy is sustainable use of natural resources, mainly contains solar energy, wind power, biomass energy, hydro energy, geothermal energy and ocean energy, which in addition to hydro energy, wind power is the most mature technology. According to there are good conditions of wind farms in Taiwan, they are worthy to develop. To reach policy goals and objectives, Bureau of Energy, Ministry of Economic Affairs will make every effort to promote proactive policies, “Thousand Wind Turbines” Project. According to the project, the installed capacity of offshore wind turbine will reach 3,000MW by the end of 2025, summed up with onshore wind turbines to be over 1,000 turbines, as the total installed capacity being 4,200MW. Furthermore, the total installed capacity which makes up 30 % or more of the renewable energy promotion target, and it will be expected to become one of the main sources of domestic alternative energy.

In Taiwan, as of the end of 2016, statistics from Bureau of Energy showed that the total installed capacity of onshore wind turbines had achieved 682 MW. With the development of onshore wind farms, the total installation capacity is expected to be reaching 1200 MW by 2025. Since it is not easy to develop new onshore wind farm, Ministry of Economic Affairs (MOEA) has publicly announced the implementation of “The Incentive Program of Offshore Wind Power Demonstration System” on July 3th, 2012, and officially declared to the world that the wind energy development of Taiwan has moved from onshore to offshore. The demonstration incentive program is expected to stimulate a good kick off for the offshore wind farm development in Taiwan. MOEA has scheduled for 4 demonstration wind turbines to be completed in 2016 and 3 demonstration offshore wind farms to be implemented before 2020. By promoting the offshore wind farm development with larger scale in the deep water, the target of 3,000MW total installation capacity will eventually be reached by 2025. The industry gross output of wind power is estimated to reach more than NTD 613.5 billion, which will bring us with considerable business opportunities.